AlphaQuest LLC Boosts Stake in ScanSource, Inc. (NASDAQ:SCSC)

AlphaQuest LLC lifted its holdings in shares of ScanSource, Inc. (NASDAQ:SCSC) by 252.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,662 shares of the industrial products company’s stock after acquiring an additional 3,339 shares during the quarter. AlphaQuest LLC’s holdings in ScanSource were worth $221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Gladius Capital Management LP bought a new stake in ScanSource in the 3rd quarter worth approximately $30,000. Point72 DIFC Ltd bought a new stake in shares of ScanSource in the third quarter worth $35,000. KBC Group NV increased its position in ScanSource by 59.9% during the third quarter. KBC Group NV now owns 1,182 shares of the industrial products company’s stock valued at $57,000 after acquiring an additional 443 shares during the last quarter. Quest Partners LLC lifted its holdings in ScanSource by 42.6% in the third quarter. Quest Partners LLC now owns 1,323 shares of the industrial products company’s stock valued at $64,000 after acquiring an additional 395 shares during the period. Finally, Systematic Financial Management LP purchased a new position in ScanSource in the third quarter worth about $205,000. 97.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ScanSource

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

ScanSource Trading Up 2.4 %

Shares of SCSC stock opened at $36.09 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 1.30. The company has a market cap of $846.82 million, a price-to-earnings ratio of 14.26, a PEG ratio of 1.14 and a beta of 1.41. ScanSource, Inc. has a 1 year low of $35.05 and a 1 year high of $53.90. The firm has a fifty day moving average price of $41.86 and a 200-day moving average price of $46.24.

ScanSource (NASDAQ:SCSC) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $0.85 earnings per share 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 quarter in the previous year, the company posted $0.85 EPS. As a group, equities analysts predict that ScanSource, Inc. will post 3.33 earnings per share 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.