Exchange Traded Concepts LLC Boosts Holdings in ScanSource, Inc. (NASDAQ:SCSC)

Exchange Traded Concepts LLC increased its holdings in shares of ScanSource, Inc. (NASDAQ:SCSC) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,519 shares of the industrial products company’s stock after buying an additional 1,132 shares during the period. Exchange Traded Concepts LLC’s holdings in ScanSource were worth $1,021,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its position in shares of ScanSource by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,440 shares of the industrial products company’s stock worth $418,000 after acquiring an additional 308 shares during the period. Martingale Asset Management L P grew its stake in ScanSource by 0.6% during the 3rd quarter. Martingale Asset Management L P now owns 58,169 shares of the industrial products company’s stock worth $2,794,000 after purchasing an additional 340 shares in the last quarter. Quest Partners LLC increased its holdings in ScanSource by 42.6% during the 3rd quarter. Quest Partners LLC now owns 1,323 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 395 shares during the period. KBC Group NV raised its position in ScanSource by 59.9% in the 3rd 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 in the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of ScanSource by 9.7% in the 3rd quarter. SG Americas Securities LLC now owns 6,857 shares of the industrial products company’s stock valued at $329,000 after buying an additional 608 shares during the period. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Michael L. Baur sold 8,312 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $48.98, for a total value of $407,121.76. Following the completion of the sale, the chief executive officer now directly owns 177,760 shares of the company’s stock, valued at $8,706,684.80. The trade was a 4.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Brandy Ford sold 1,845 shares of the company’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 owns 9,506 shares of the company’s stock, valued at $469,406.28. This represents a 16.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,855 shares of company stock valued at $2,702,949 in the last ninety days. Insiders own 4.20% of the company’s stock.

ScanSource Stock Up 0.3 %

SCSC stock opened at $50.55 on Wednesday. The company’s 50 day moving average price is $50.01 and its 200 day moving average price is $48.63. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 1.46 and a beta of 1.45. ScanSource, Inc. has a fifty-two week low of $31.01 and a fifty-two week high of $53.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.27 and a current ratio of 2.03.

ScanSource (NASDAQ:SCSC) last posted its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.77 by $0.07. The company had revenue of $775.58 million during the quarter, compared to analysts’ expectations of $774.90 million. ScanSource had a net margin of 2.49% and a return on equity of 8.53%. The firm’s revenue was down 11.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 EPS. On average, equities research analysts anticipate that ScanSource, Inc. will post 3.51 EPS for the current fiscal year.

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.