Inceptionr LLC Acquires New Position in ScanSource, Inc. (NASDAQ:SCSC)

Inceptionr LLC bought a new position in ScanSource, Inc. (NASDAQ:SCSC) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 6,869 shares of the industrial products company’s stock, valued at approximately $326,000.

Several other large investors also recently bought and sold shares of SCSC. Pacer Advisors Inc. lifted its stake in shares of ScanSource by 18.3% during the third quarter. Pacer Advisors Inc. now owns 2,744,702 shares of the industrial products company’s stock worth $131,828,000 after buying an additional 425,233 shares during the period. Wasatch Advisors LP grew its stake in ScanSource by 13.2% during the 3rd quarter. Wasatch Advisors LP now owns 1,097,992 shares of the industrial products company’s stock valued at $52,737,000 after purchasing an additional 127,883 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of ScanSource by 31.8% in the third quarter. JPMorgan Chase & Co. now owns 377,080 shares of the industrial products company’s stock valued at $18,111,000 after purchasing an additional 91,069 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of ScanSource by 12.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 220,923 shares of the industrial products company’s stock worth $10,611,000 after purchasing an additional 24,264 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of ScanSource by 1.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 194,809 shares of the industrial products company’s stock worth $9,357,000 after purchasing an additional 2,300 shares during the period. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Michael L. Baur sold 1,994 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $38.00, for a total transaction of $75,772.00. Following the sale, the chief executive officer now directly owns 142,760 shares of the company’s stock, valued at approximately $5,424,880. This represents a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Brandy Ford sold 1,845 shares of the firm’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 sale, the chief accounting officer now owns 9,506 shares in the company, valued at approximately $469,406.28. This represents a 16.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,839 shares of company stock valued at $750,528. Company insiders own 4.20% of the company’s stock.

ScanSource Price Performance

Shares of NASDAQ:SCSC opened at $36.72 on Monday. ScanSource, Inc. has a twelve month low of $35.08 and a twelve month high of $53.90. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 0.15. The company has a market cap of $861.60 million, a PE ratio of 14.51, a price-to-earnings-growth ratio of 1.14 and a beta of 1.41. The company’s 50 day moving average is $43.01 and its 200 day moving average is $46.67.

ScanSource (NASDAQ:SCSC) last released its quarterly earnings data 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 quarter last year, the business posted $0.85 earnings per share. On average, sell-side analysts forecast that ScanSource, Inc. will post 3.33 EPS for the current 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.