PC Connection (NASDAQ:CNXN) Hits New 52-Week Low – Should You Sell?

PC Connection, Inc. (NASDAQ:CNXN)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $56.82 and last traded at $57.03, with a volume of 2585 shares changing hands. The stock had previously closed at $59.70.

PC Connection Trading Down 2.0 %

The business has a fifty day moving average of $64.82 and a 200-day moving average of $69.39. The company has a market cap of $1.51 billion, a PE ratio of 17.89, a P/E/G ratio of 1.96 and a beta of 0.69.

PC Connection (NASDAQ:CNXN) last announced its earnings results on Wednesday, February 5th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.12). PC Connection had a net margin of 3.11% and a return on equity of 9.74%. During the same period in the prior year, the company posted $0.90 EPS. As a group, research analysts predict that PC Connection, Inc. will post 3.33 EPS for the current year.

PC Connection Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.03%. This is a boost from PC Connection’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, February 25th. PC Connection’s payout ratio is presently 18.24%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Point72 DIFC Ltd bought a new stake in shares of PC Connection during the third quarter valued at approximately $28,000. New Age Alpha Advisors LLC purchased a new stake in shares of PC Connection in the 4th quarter worth about $40,000. Public Employees Retirement System of Ohio increased its stake in shares of PC Connection by 143.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,114 shares of the company’s stock worth $77,000 after acquiring an additional 657 shares in the last quarter. Graham Capital Management L.P. purchased a new position in PC Connection during the 4th quarter valued at about $202,000. Finally, EntryPoint Capital LLC boosted its stake in PC Connection by 8.3% during the fourth quarter. EntryPoint Capital LLC now owns 3,220 shares of the company’s stock worth $223,000 after acquiring an additional 248 shares in the last quarter. Institutional investors own 42.85% of the company’s stock.

PC Connection Company Profile

PC Connection, Inc, together with its subsidiaries, provides a range of information technology (IT) solutions. The company operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions. It offers IT products, such as computer systems, software and peripheral equipment, networking communications, and other products and accessories.