Empowered Funds LLC Grows Stake in ScanSource, Inc. (NASDAQ:SCSC)

Empowered Funds LLC grew its holdings in shares of ScanSource, Inc. (NASDAQ:SCSC) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,305 shares of the industrial products company’s stock after purchasing an additional 6,592 shares during the period. Empowered Funds LLC owned approximately 0.57% of ScanSource worth $6,468,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Gladius Capital Management LP purchased a new stake in ScanSource in the third quarter valued at about $30,000. Point72 DIFC Ltd acquired a new position in shares of ScanSource during the third quarter valued at about $35,000. KBC Group NV raised its position in shares of 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 last quarter. Quest Partners LLC boosted its stake in ScanSource by 42.6% in 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. Finally, Systematic Financial Management LP purchased a new stake in ScanSource during the 3rd quarter worth approximately $205,000. Institutional investors and hedge funds own 97.91% of the company’s stock.

Insider Activity at ScanSource

In related news, CAO Brandy Ford sold 1,845 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $49.38, for a total transaction of $91,106.10. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael L. Baur sold 29,617 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $49.20, for a total value of $1,457,156.40. Following the sale, the chief executive officer now directly owns 177,760 shares in the company, valued at $8,745,792. This represents a 14.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,849 shares of company stock worth $3,362,371 over the last quarter. Insiders own 4.20% of the company’s stock.

ScanSource Trading Up 1.9 %

NASDAQ SCSC opened at $38.76 on Tuesday. ScanSource, Inc. has a 12-month low of $37.39 and a 12-month high of $53.90. The company has a fifty day simple moving average of $48.25 and a two-hundred day simple moving average of $48.22. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 0.15. The stock has a market cap of $909.31 million, a P/E ratio of 15.32, a P/E/G ratio of 1.16 and a beta of 1.43.

ScanSource (NASDAQ:SCSC) last issued its earnings results on Thursday, January 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 in the previous year, the business posted $0.85 earnings per share. On average, analysts forecast 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.