Trexquant Investment LP Has $2.27 Million Holdings in PC Connection, Inc. (NASDAQ:CNXN)

Trexquant Investment LP grew its holdings in PC Connection, Inc. (NASDAQ:CNXN - Free Report) by 24.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,760 shares of the company's stock after purchasing an additional 6,400 shares during the quarter. Trexquant Investment LP owned about 0.12% of PC Connection worth $2,269,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Point72 DIFC Ltd acquired a new stake in PC Connection in the 3rd quarter valued at approximately $28,000. New Age Alpha Advisors LLC bought a new position in PC Connection during the fourth quarter worth $40,000. EntryPoint Capital LLC raised its stake in PC Connection by 8.3% during the 4th quarter. EntryPoint Capital LLC now owns 3,220 shares of the company's stock valued at $223,000 after purchasing an additional 248 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in PC Connection by 6.4% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 5,336 shares of the company's stock valued at $370,000 after purchasing an additional 319 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in PC Connection in the 4th quarter worth $436,000. 42.85% of the stock is currently owned by institutional investors.

PC Connection Stock Performance

Shares of CNXN traded down $0.30 during trading hours on Friday, reaching $60.27. 76,576 shares of the company traded hands, compared to its average volume of 94,196. PC Connection, Inc. has a 1-year low of $56.82 and a 1-year high of $77.19. The stock has a market cap of $1.56 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 1.96 and a beta of 0.69. The stock's fifty day moving average is $63.01 and its 200 day moving average is $68.75.

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PC Connection (NASDAQ:CNXN - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.12). PC Connection had a return on equity of 9.74% and a net margin of 3.11%. During the same period last year, the business posted $0.90 EPS. On average, equities research analysts predict that PC Connection, Inc. will post 3.33 EPS for the current year.

PC Connection Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were given a dividend of $0.15 per share. This is a positive change from PC Connection's previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Tuesday, February 25th. PC Connection's payout ratio is 18.24%.

PC Connection Company Profile

PC Connection, Inc, together with its subsidiaries, provides a range of information technology (IT) solutions. The company operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions. It offers IT products, such as computer systems, software and peripheral equipment, networking communications, and other products and accessories.