Bailard Inc. Makes New Investment in ScanSource, Inc. (NASDAQ:SCSC)

Bailard Inc. purchased a new stake in shares of ScanSource, Inc. (NASDAQ:SCSC) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 5,300 shares of the industrial products company’s stock, valued at approximately $251,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Royce & Associates LP increased its position in ScanSource by 177.3% during the 3rd quarter. Royce & Associates LP now owns 21,432 shares of the industrial products company’s stock valued at $1,029,000 after purchasing an additional 13,703 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of ScanSource by 31.8% during 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 in the last quarter. Janney Montgomery Scott LLC purchased a new position in ScanSource during the third quarter valued at approximately $1,674,000. Franklin Resources Inc. raised 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 worth $1,093,000 after buying an additional 2,026 shares in the last quarter. Finally, Barclays PLC lifted its holdings in ScanSource by 97.9% during the third quarter. Barclays PLC now owns 54,346 shares of the industrial products company’s stock worth $2,610,000 after buying an additional 26,881 shares during the period. 97.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Brandy Ford sold 1,845 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $49.38, for a total transaction of $91,106.10. Following the transaction, the chief accounting officer now directly owns 9,506 shares in the company, valued at $469,406.28. The trade was a 16.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael L. Baur sold 15,000 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $38.91, for a total value of $583,650.00. Following the transaction, the chief executive officer now directly owns 162,760 shares in the company, valued at $6,332,991.60. This represents a 8.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,839 shares of company stock worth $750,528 in the last 90 days. 4.20% of the stock is owned by corporate insiders.

ScanSource Trading Down 0.4 %

Shares of NASDAQ:SCSC opened at $35.48 on Thursday. The company has a market capitalization of $832.50 million, a PE ratio of 14.02, a P/E/G ratio of 1.14 and a beta of 1.43. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 0.15. ScanSource, Inc. has a 12-month low of $35.09 and a 12-month high of $53.90. The business’s fifty day simple moving average is $43.74 and its 200-day simple moving average is $46.93.

ScanSource (NASDAQ:SCSC) last posted 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 in the previous year, the business posted $0.85 earnings per share. As a group, equities research analysts predict that ScanSource, Inc. will post 3.33 earnings per share for the current fiscal 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.