Brandywine Global Investment Management LLC Raises Holdings in ScanSource, Inc. (NASDAQ:SCSC)

Brandywine Global Investment Management LLC boosted its stake in shares of ScanSource, Inc. (NASDAQ:SCSC) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,908 shares of the industrial products company’s stock after buying an additional 538 shares during the period. Brandywine Global Investment Management LLC owned 0.34% of ScanSource worth $3,839,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sanctuary Advisors LLC grew its stake in ScanSource by 3.5% in the fourth quarter. Sanctuary Advisors LLC now owns 10,103 shares of the industrial products company’s stock valued at $479,000 after purchasing an additional 338 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of ScanSource in the 3rd quarter worth approximately $35,000. Picton Mahoney Asset Management raised its stake in shares of ScanSource by 50.9% during the 4th quarter. Picton Mahoney Asset Management now owns 2,246 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 758 shares in the last quarter. New York State Common Retirement Fund lifted its position in ScanSource by 11.5% during the fourth quarter. New York State Common Retirement Fund now owns 8,596 shares of the industrial products company’s stock valued at $408,000 after acquiring an additional 887 shares during the last quarter. Finally, Seizert Capital Partners LLC boosted its stake in ScanSource by 16.5% in the fourth quarter. Seizert Capital Partners LLC now owns 6,599 shares of the industrial products company’s stock valued at $313,000 after acquiring an additional 934 shares in the last quarter. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Stephen Jones sold 2,000 shares of ScanSource stock in a transaction on Friday, March 21st. The shares were sold at an average price of $36.14, for a total transaction of $72,280.00. Following the completion of the sale, the chief financial officer now directly owns 69,816 shares in the company, valued at approximately $2,523,150.24. The trade was a 2.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael L. Baur sold 1,994 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $38.00, for a total value of $75,772.00. Following the completion of the transaction, the chief executive officer now directly owns 142,760 shares in the company, valued at approximately $5,424,880. The trade was a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,994 shares of company stock valued at $731,702. Insiders own 4.20% of the company’s stock.

ScanSource Stock Performance

Shares of SCSC stock opened at $33.79 on Wednesday. ScanSource, Inc. has a 12-month low of $33.44 and a 12-month high of $53.90. The business’s fifty day simple moving average is $38.68 and its 200-day simple moving average is $45.20. 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 $792.85 million, a PE ratio of 13.36, a PEG ratio of 1.14 and a beta of 1.41.

ScanSource (NASDAQ:SCSC) last announced its earnings results on Thursday, January 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.04). ScanSource had a net margin of 2.08% and a return on equity of 8.55%. During the same period last year, the business earned $0.85 EPS. Analysts expect that ScanSource, Inc. will post 3.33 earnings per share 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.