GSA Capital Partners LLP Invests $591,000 in PC Connection, Inc. (NASDAQ:CNXN)

GSA Capital Partners LLP purchased a new position in PC Connection, Inc. (NASDAQ:CNXN) in the third quarter, Holdings Channel.com reports. The firm purchased 7,836 shares of the company’s stock, valued at approximately $591,000.

A number of other large investors have also recently made changes to their positions in the stock. Versor Investments LP purchased a new position in shares of PC Connection in the third quarter worth approximately $1,083,000. Los Angeles Capital Management LLC boosted its holdings in shares of PC Connection by 20.7% in the third quarter. Los Angeles Capital Management LLC now owns 20,110 shares of the company’s stock worth $1,517,000 after buying an additional 3,448 shares during the last quarter. Summit Global Investments boosted its holdings in shares of PC Connection by 32.8% in the third quarter. Summit Global Investments now owns 10,443 shares of the company’s stock worth $788,000 after buying an additional 2,581 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of PC Connection by 4.6% in the third quarter. Amalgamated Bank now owns 3,521 shares of the company’s stock worth $266,000 after buying an additional 154 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its holdings in shares of PC Connection by 4.9% in the third quarter. New York State Teachers Retirement System now owns 4,613 shares of the company’s stock worth $348,000 after buying an additional 216 shares during the last quarter. 42.85% of the stock is currently owned by institutional investors.

PC Connection Price Performance

Shares of NASDAQ:CNXN opened at $69.70 on Tuesday. PC Connection, Inc. has a 1-year low of $57.47 and a 1-year high of $77.19. The company has a market capitalization of $1.83 billion, a P/E ratio of 20.44, a P/E/G ratio of 2.07 and a beta of 0.63. The firm’s 50 day simple moving average is $72.27 and its two-hundred day simple moving average is $68.88.

PC Connection Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.57%. The ex-dividend date is Tuesday, November 12th. PC Connection’s dividend payout ratio is currently 11.73%.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of PC Connection from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 29th.

PC Connection Company Profile

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.