Assenagon Asset Management S.A. decreased its stake in ScanSource, Inc. (NASDAQ:SCSC – Free Report) by 42.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,496 shares of the industrial products company’s stock after selling 75,714 shares during the period. Assenagon Asset Management S.A. owned 0.41% of ScanSource worth $4,497,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of SCSC. CWM LLC grew its holdings in ScanSource by 164.1% during the second quarter. CWM LLC now owns 647 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 402 shares during the period. GAMMA Investing LLC bought a new position in ScanSource during the fourth quarter worth about $46,000. SG Americas Securities LLC bought a new position in ScanSource during the first quarter worth about $128,000. ProShare Advisors LLC bought a new position in ScanSource during the first quarter worth about $220,000. Finally, Sollinda Capital Management LLC bought a new position in ScanSource during the fourth quarter worth about $277,000. Institutional investors own 97.91% of the company’s stock.
ScanSource Trading Up 0.7 %
Shares of SCSC stock opened at $48.61 on Monday. The firm has a 50 day moving average price of $46.07 and a two-hundred day moving average price of $44.42. The company has a quick ratio of 1.38, a current ratio of 2.20 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $1.20 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 1.42 and a beta of 1.44. ScanSource, Inc. has a 12-month low of $26.99 and a 12-month high of $53.28.
Insiders Place Their Bets
Wall Street Analysts Forecast Growth
Separately, Raymond James cut ScanSource from an “outperform” rating to a “market perform” rating in a report on Thursday.
View Our Latest Stock Analysis on ScanSource
ScanSource Profile
ScanSource, Inc distributes technology products and solutions in the United States, Canada, and internationally. 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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