ScanSource, Inc. (NASDAQ:SCSC) Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management increased its stake in shares of ScanSource, Inc. (NASDAQ:SCSC) by 63.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,013 shares of the industrial products company’s stock after acquiring an additional 5,830 shares during the quarter. Ritholtz Wealth Management’s holdings in ScanSource were worth $712,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in 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. 272 Capital LP acquired a new position in ScanSource in the third quarter valued at $432,000. Franklin Resources Inc. increased its stake in ScanSource by 9.9% in the third quarter. Franklin Resources Inc. now owns 22,577 shares of the industrial products company’s stock valued at $1,093,000 after purchasing an additional 2,026 shares during the period. Sanctuary Advisors LLC acquired a new position in ScanSource in the third quarter valued at $499,000. Finally, Barclays PLC increased its stake in ScanSource by 97.9% in the third quarter. Barclays PLC now owns 54,346 shares of the industrial products company’s stock valued at $2,610,000 after purchasing an additional 26,881 shares during the period. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ScanSource

In related news, CAO Brandy Ford sold 1,845 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $469,406.28. The trade was a 16.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael L. Baur sold 29,617 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $49.20, for a total transaction of $1,457,156.40. Following the sale, the chief executive officer now directly owns 177,760 shares in the company, valued at approximately $8,745,792. This represents a 14.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,855 shares of company stock worth $2,702,949 over the last ninety days. 4.20% of the stock is currently owned by company insiders.

ScanSource Trading Up 0.8 %

NASDAQ SCSC opened at $50.46 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.27 and a current ratio of 2.03. The firm has a market cap of $1.20 billion, a PE ratio of 16.17, a P/E/G ratio of 1.35 and a beta of 1.45. ScanSource, Inc. has a one year low of $31.01 and a one year high of $53.90. The firm’s fifty day moving average is $49.82 and its two-hundred day moving average is $48.29.

ScanSource (NASDAQ:SCSC) last issued its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. ScanSource had a net margin of 2.49% and a return on equity of 8.53%. The business had revenue of $775.58 million for the quarter, compared to analyst estimates of $774.90 million. During the same period in the previous year, the business posted $0.74 earnings per share. The business’s revenue was down 11.5% compared to the same quarter last year. Analysts expect that ScanSource, Inc. will post 3.51 earnings per share for the current 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.