Jump Financial LLC Reduces Holdings in ScanSource, Inc. (NASDAQ:SCSC)

Jump Financial LLC lowered its stake in ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 36.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,927 shares of the industrial products company's stock after selling 10,478 shares during the period. Jump Financial LLC owned approximately 0.08% of ScanSource worth $851,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SCSC. New Age Alpha Advisors LLC bought a new position in ScanSource during the fourth quarter valued at $64,000. Picton Mahoney Asset Management raised its position in ScanSource by 50.9% in the 4th quarter. Picton Mahoney Asset Management now owns 2,246 shares of the industrial products company's stock worth $106,000 after purchasing an additional 758 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in ScanSource in the fourth quarter worth about $126,000. KLP Kapitalforvaltning AS purchased a new position in shares of ScanSource during the fourth quarter valued at approximately $204,000. Finally, Versor Investments LP bought a new position in shares of ScanSource during the fourth quarter valued at approximately $218,000. 97.91% of the stock is owned by institutional investors.

ScanSource Trading Up 1.1 %

SCSC traded up $0.35 during trading hours on Friday, reaching $32.96. 118,350 shares of the company's stock traded hands, compared to its average volume of 230,458. The firm has a 50-day moving average price of $34.37 and a 200 day moving average price of $43.14. The firm has a market capitalization of $773.37 million, a PE ratio of 13.03, a PEG ratio of 1.14 and a beta of 1.34. The company has a quick ratio of 1.30, a current ratio of 2.11 and a debt-to-equity ratio of 0.15. ScanSource, Inc. has a 52-week low of $28.75 and a 52-week high of $53.90.

ScanSource (NASDAQ:SCSC - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $0.85 EPS for the quarter, missing analysts' consensus estimates 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 prior year, the firm earned $0.85 earnings per share. As a group, sell-side analysts predict that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

Insider Activity

In other ScanSource news, CEO Michael L. Baur sold 15,000 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $38.91, for a total value of $583,650.00. Following the completion of the transaction, the chief executive officer now directly owns 162,760 shares in the company, valued at approximately $6,332,991.60. The trade was a 8.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Stephen Jones sold 2,000 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $36.14, for a total transaction of $72,280.00. Following the completion of the sale, the chief financial officer now owns 69,816 shares in the company, valued at $2,523,150.24. This represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,994 shares of company stock worth $731,702. 4.20% of the stock is currently owned by company insiders.

About ScanSource

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.