1 week Ago By ABMN Staff
Vanguard Group Inc. raised its position in shares of PC Connection, Inc. ( NASDAQ:CNXN – Free Report ) by 0.
8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,118,289 shares of the company’s stock after buying an additional 8,723 shares during the quarter. Vanguard Group Inc.
’s holdings in PC Connection were worth $77,464,000 as of its most recent SEC filing. A number of other large investors have also added to or reduced their stakes in CNXN. KLP Kapitalforvaltning AS purchased a new position in shares of PC Connection in the fourth quarter valued at $436,000.
Magnetar Financial LLC purchased a new position in shares of PC Connection in the 4th quarter worth $448,000. Illinois Municipal Retirement Fund increased its holdings in shares of PC Connection by 6.4% in the 4th quarter.
Illinois Municipal Retirement Fund now owns 6,519 shares of the company’s stock worth $452,000 after buying an additional 390 shares during the last quarter. Ieq Capital LLC raised its position in shares of PC Connection by 3.5% during the 4th quarter.
Ieq Capital LLC now owns 6,596 shares of the company’s stock valued at $457,000 after buying an additional 224 shares in the last quarter. Finally, Picton Mahoney Asset Management lifted its holdings in shares of PC Connection by 64.6% in the 4th quarter.
Picton Mahoney Asset Management now owns 7,380 shares of the company’s stock valued at $511,000 after acquiring an additional 2,897 shares during the last quarter. Institutional investors own 42.85% of the company’s stock.
PC Connection Trading Down 1.3 % CNXN opened at $60.57 on Friday.
PC Connection, Inc. has a 12 month low of $56.82 and a 12 month high of $77.
19. The stock has a 50-day moving average of $63.26 and a 200 day moving average of $68.
84. The firm has a market cap of $1.57 billion, a P/E ratio of 18.
41, a P/E/G ratio of 1.96 and a beta of 0.69.
PC Connection Increases Dividend The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were issued a $0.15 dividend.
This represents a $0.60 annualized dividend and a dividend yield of 0.99%.
The ex-dividend date of this dividend was Tuesday, February 25th. This is a positive change from PC Connection’s previous quarterly dividend of $0.10.
PC Connection’s dividend payout ratio (DPR) is 18.24%. About PC Connection ( Free Report ) PC Connection, Inc, together with its subsidiaries, provides a range of information technology (IT) solutions.
The company operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions. It offers IT products, such as computer systems, software and peripheral equipment, networking communications, and other products and accessories. Recommended Stories Want to see what other hedge funds are holding CNXN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for PC Connection, Inc. ( NASDAQ:CNXN – Free Report ). Receive News & Ratings for PC Connection Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PC Connection and related companies with MarketBeat.
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