ExodusPoint Capital Management LP lessened its stake in shares of ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 40.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,765 shares of the industrial products company's stock after selling 16,356 shares during the quarter. ExodusPoint Capital Management LP owned 0.10% of ScanSource worth $1,128,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in SCSC. Sanctuary Advisors LLC increased its stake in ScanSource by 3.5% during the 4th quarter. Sanctuary Advisors LLC now owns 10,103 shares of the industrial products company's stock worth $479,000 after buying an additional 338 shares during the period. Brandywine Global Investment Management LLC boosted its stake in shares of ScanSource by 0.7% in the 4th quarter. Brandywine Global Investment Management LLC now owns 80,908 shares of the industrial products company's stock valued at $3,839,000 after buying an additional 538 shares during the period. Picton Mahoney Asset Management increased its stake in shares of ScanSource by 50.9% during the fourth quarter. Picton Mahoney Asset Management now owns 2,246 shares of the industrial products company's stock worth $106,000 after buying an additional 758 shares during the period. New York State Common Retirement Fund raised its holdings in ScanSource by 11.5% in the fourth quarter. New York State Common Retirement Fund now owns 8,596 shares of the industrial products company's stock valued at $408,000 after acquiring an additional 887 shares in the last quarter. Finally, Seizert Capital Partners LLC grew its holdings in ScanSource by 16.5% during the 4th quarter. Seizert Capital Partners LLC now owns 6,599 shares of the industrial products company's stock worth $313,000 after acquiring an additional 934 shares in the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.
ScanSource Stock Up 0.2 %
Shares of SCSC stock traded up $0.05 on Wednesday, reaching $31.40. 14,401 shares of the stock were exchanged, compared to its average volume of 266,139. ScanSource, Inc. has a twelve month low of $28.75 and a twelve month high of $53.90. The company has a market capitalization of $736.77 million, a price-to-earnings ratio of 12.41, a PEG ratio of 1.14 and a beta of 1.34. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 0.15. The business's 50 day moving average price is $35.21 and its 200 day moving average price is $43.85.
ScanSource (NASDAQ:SCSC - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.04). ScanSource had a return on equity of 8.55% and a net margin of 2.08%. During the same quarter in the previous year, the company posted $0.85 EPS. As a group, sell-side analysts expect that ScanSource, Inc. will post 3.33 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, CFO Stephen Jones sold 2,000 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $36.14, for a total value of $72,280.00. Following the completion of the sale, the chief financial officer now directly owns 69,816 shares of the company's stock, valued at approximately $2,523,150.24. This represents a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael L. Baur sold 1,994 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $38.00, for a total value of $75,772.00. Following the completion of the transaction, the chief executive officer now owns 142,760 shares in the company, valued at $5,424,880. This trade represents a 1.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,994 shares of company stock valued at $731,702 over the last quarter. Company insiders own 4.20% of the company's stock.
ScanSource Company Profile
(
Free Report)
ScanSource, Inc engages in the distribution of technology products and solutions in the United States, Canada, and Brazil. It operates through two segments, Specialty Technology Solutions and Modern Communications & Cloud. The Specialty Technology Solutions segment provides a portfolio of solutions primarily for enterprise mobile computing, data capture, barcode printing, point of sale (POS), payments, networking, electronic physical security, cyber security, and other technologies.
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