ScanSource, Inc. (NASDAQ:SCSC - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $35.80 and last traded at $36.09, with a volume of 3430 shares. The stock had previously closed at $36.23.
ScanSource Stock Performance
The firm has a market capitalization of $861.60 million, a P/E ratio of 14.51, a price-to-earnings-growth ratio of 1.14 and a beta of 1.41. The company's 50 day moving average is $43.23 and its 200-day moving average is $46.78. 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 (NASDAQ:SCSC - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by ($0.04). ScanSource had a net margin of 2.08% and a return on equity of 8.55%. During the same quarter in the prior year, the business earned $0.85 earnings per share. As a group, equities analysts anticipate that ScanSource, Inc. will post 3.33 EPS for the current year.
Insider Buying and Selling at ScanSource
In other ScanSource news, CEO Michael L. Baur sold 15,000 shares of the firm's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $38.91, for a total value of $583,650.00. Following the transaction, the chief executive officer now directly owns 162,760 shares of the company's stock, valued at approximately $6,332,991.60. This trade represents a 8.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brandy Ford sold 1,845 shares of the firm's stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $49.38, for a total transaction of $91,106.10. Following the completion of the transaction, the chief accounting officer now directly owns 9,506 shares in the company, valued at $469,406.28. This trade represents a 16.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,839 shares of company stock valued at $750,528. Corporate insiders own 4.20% of the company's stock.
Institutional Trading of ScanSource
Several institutional investors and hedge funds have recently made changes to their positions in SCSC. Janney Montgomery Scott LLC purchased a new stake in shares of ScanSource in the third quarter valued at about $1,674,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of ScanSource by 90.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 13,035 shares of the industrial products company's stock valued at $626,000 after purchasing an additional 6,194 shares during the last quarter. Olympiad Research LP purchased a new stake in shares of ScanSource in the third quarter valued at about $277,000. KBC Group NV raised its holdings in shares of ScanSource by 59.9% in the third quarter. KBC Group NV now owns 1,182 shares of the industrial products company's stock valued at $57,000 after purchasing an additional 443 shares during the last quarter. Finally, Royce & Associates LP raised its holdings in shares of ScanSource by 177.3% in the third quarter. Royce & Associates LP now owns 21,432 shares of the industrial products company's stock valued at $1,029,000 after purchasing an additional 13,703 shares during the last quarter. Hedge funds and other institutional investors own 97.91% of the company's stock.
About ScanSource
(
Get 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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