Royce & Associates LP Buys 974 Shares of ScanSource, Inc. (NASDAQ:SCSC)

Royce & Associates LP raised its stake in ScanSource, Inc. (NASDAQ:SCSC) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,406 shares of the industrial products company’s stock after acquiring an additional 974 shares during the quarter. Royce & Associates LP owned about 0.10% of ScanSource worth $1,063,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Point72 DIFC Ltd bought a new stake in shares of ScanSource in the third quarter valued at about $35,000. KBC Group NV boosted its holdings in ScanSource by 59.9% in the 3rd quarter. KBC Group NV now owns 1,182 shares of the industrial products company’s stock valued at $57,000 after purchasing an additional 443 shares during the period. Quest Partners LLC grew its position in shares of ScanSource by 42.6% during the 3rd quarter. Quest Partners LLC now owns 1,323 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 395 shares in the last quarter. Picton Mahoney Asset Management increased its holdings in shares of ScanSource by 50.9% during the fourth quarter. Picton Mahoney Asset Management now owns 2,246 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 758 shares during the period. Finally, Systematic Financial Management LP acquired a new stake in shares of ScanSource in the third quarter valued at approximately $205,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

ScanSource Trading Down 3.6 %

Shares of NASDAQ:SCSC opened at $35.33 on Friday. The business’s 50 day simple moving average is $40.73 and its 200 day simple moving average is $45.76. ScanSource, Inc. has a 1 year low of $34.49 and a 1 year high of $53.90. 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 capitalization of $828.98 million, a P/E ratio of 13.96, a P/E/G ratio of 1.14 and a beta of 1.41.

ScanSource (NASDAQ:SCSC) last released 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 return on equity of 8.55% and a net margin of 2.08%. During the same period last year, the business earned $0.85 EPS. On average, research analysts anticipate that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

Insider Buying and Selling at ScanSource

In other ScanSource news, CEO Michael L. Baur sold 15,000 shares of the company’s stock in a transaction 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 completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.20% of the company’s stock.

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.