1 week Ago By Defense World Staff
KLP Kapitalforvaltning AS acquired a new position in shares of ScanSource, Inc. (NASDAQ:SCSC – Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,300 shares of the industrial products company’s stock, valued at approximately $204,000.
A number of other institutional investors also recently made changes to their positions in the business. Point72 DIFC Ltd bought a new stake in shares of ScanSource in the third quarter worth $35,000. Picton Mahoney Asset Management grew its holdings in ScanSource by 50.
9% during the 4th quarter. Picton Mahoney Asset Management now owns 2,246 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 758 shares in the last quarter. Versor Investments LP acquired a new position in ScanSource during the 4th quarter worth $218,000.
AlphaQuest LLC increased its position in shares of ScanSource by 252.4% in the 4th quarter. AlphaQuest LLC now owns 4,662 shares of the industrial products company’s stock worth $221,000 after purchasing an additional 3,339 shares during the last quarter.
Finally, Bailard Inc. acquired a new stake in shares of ScanSource in the 4th quarter valued at about $251,000. 97.
91% of the stock is owned by institutional investors and hedge funds. Insider Buying and SellingIn related news, CFO Stephen Jones sold 2,000 shares of the business’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 of the company’s stock, valued at $2,523,150.
24. This represents a 2.78 % decrease in their position.
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 stock in a transaction dated Monday, February 10th.
The stock was sold at an average price of $38.00, for a total transaction of $75,772.00.
Following the sale, the chief executive officer now owns 142,760 shares in the company, valued at approximately $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 18,994 shares of company stock worth $731,702 over the last ninety days. 4.
20% of the stock is owned by insiders. ScanSource Stock PerformanceShares of SCSC stock opened at $30.10 on Tuesday.
The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.30 and a current ratio of 2.
11. The stock has a market capitalization of $706.27 million, a price-to-earnings ratio of 11.
90, a PEG ratio of 1.14 and a beta of 1.34.
ScanSource, Inc. has a one year low of $28.75 and a one year high of $53.
90. The company’s 50-day simple moving average is $37.12 and its 200-day simple moving average is $44.
74. ScanSource (NASDAQ:SCSC – Get Free Report) last released its 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 period in the prior year, the company posted $0.85 EPS. Equities analysts anticipate that ScanSource, Inc.
will post 3.33 earnings per share for the current fiscal year. ScanSource 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.Recommended StoriesFive stocks we like better than ScanSourceSpecial Purpose Acquisition Company (SPAC) What You Need to Know Options Activity Points to More Volatility for Palantir StockInvesting in the High PE Growth Stocks NVIDIA Stock: Oversold, Undervalued — How Low Can It Go?Quiet Period Expirations ExplainedMicroStrategy Sees Insider Buy-Sell Action in Q1.
