ScanSource, Inc. (NASDAQ:SCSC) Stake Cut by Trexquant Investment LP

Trexquant Investment LP reduced its position in ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 57.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,734 shares of the industrial products company's stock after selling 42,930 shares during the quarter. Trexquant Investment LP owned about 0.14% of ScanSource worth $1,506,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of ScanSource by 13.1% in the 4th quarter. American Century Companies Inc. now owns 759,318 shares of the industrial products company's stock worth $36,030,000 after purchasing an additional 87,721 shares during the period. JPMorgan Chase & Co. raised its holdings in ScanSource by 15.6% in the fourth quarter. JPMorgan Chase & Co. now owns 436,007 shares of the industrial products company's stock valued at $20,689,000 after buying an additional 58,927 shares during the period. Empowered Funds LLC lifted its position in ScanSource by 5.1% during the fourth quarter. Empowered Funds LLC now owns 136,305 shares of the industrial products company's stock valued at $6,468,000 after buying an additional 6,592 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in ScanSource during the fourth quarter worth approximately $5,687,000. Finally, Victory Capital Management Inc. boosted its position in ScanSource by 142.2% during the 4th quarter. Victory Capital Management Inc. now owns 119,599 shares of the industrial products company's stock worth $5,675,000 after purchasing an additional 70,228 shares during the period. Institutional investors and hedge funds own 97.91% of the company's stock.

Insider Buying and Selling

In other news, CFO Stephen Jones sold 2,000 shares of ScanSource stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $36.14, for a total transaction of $72,280.00. Following the sale, the chief financial officer now directly owns 69,816 shares of the company's stock, valued at approximately $2,523,150.24. The trade was a 2.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael L. Baur sold 15,000 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was 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 owns 162,760 shares in the company, valued at approximately $6,332,991.60. This trade represents a 8.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,994 shares of company stock valued at $731,702 in the last quarter. Company insiders own 4.20% of the company's stock.

ScanSource Stock Up 0.9 %

NASDAQ SCSC traded up $0.29 during trading hours on Tuesday, hitting $31.40. The company had a trading volume of 24,400 shares, compared to its average volume of 232,720. The firm's 50 day moving average is $35.36 and its 200 day moving average is $43.94. The company has a market capitalization of $736.75 million, a price-to-earnings ratio of 12.41, a P/E/G ratio of 1.14 and a beta of 1.34. ScanSource, Inc. has a fifty-two week low of $28.75 and a fifty-two week high of $53.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 1.30.

ScanSource (NASDAQ:SCSC - Get Free Report) last released its quarterly earnings results 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 return on equity of 8.55% and a net margin of 2.08%. During the same period in the previous year, the firm posted $0.85 earnings per share. Sell-side analysts anticipate that ScanSource, Inc. will post 3.33 earnings per share for the current fiscal year.

ScanSource Company Profile

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.