Seizert Capital Partners LLC Buys 934 Shares of ScanSource, Inc. (NASDAQ:SCSC)

Seizert Capital Partners LLC lifted its stake in shares of ScanSource, Inc. (NASDAQ:SCSC) by 16.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,599 shares of the industrial products company’s stock after purchasing an additional 934 shares during the quarter. Seizert Capital Partners LLC’s holdings in ScanSource were worth $313,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Gladius Capital Management LP bought a new stake in shares of ScanSource during the third quarter valued at about $30,000. Point72 DIFC Ltd bought a new stake in ScanSource during the 3rd quarter worth approximately $35,000. KBC Group NV lifted its stake in ScanSource by 59.9% in the 3rd quarter. KBC Group NV now owns 1,182 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 443 shares in the last quarter. Quest Partners LLC boosted its holdings in ScanSource by 42.6% in the 3rd quarter. Quest Partners LLC now owns 1,323 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 395 shares during the period. Finally, Systematic Financial Management LP purchased a new position in shares of ScanSource during the 3rd quarter valued at $205,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Insiders Place Their Bets

In other ScanSource news, CAO Brandy Ford sold 1,845 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $49.38, for a total value 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. This represents a 16.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael L. Baur sold 1,994 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $38.00, for a total value of $75,772.00. Following the completion of the transaction, the chief executive officer now owns 142,760 shares in the company, valued at $5,424,880. This represents a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,839 shares of company stock worth $750,528 in the last ninety days. 4.20% of the stock is currently owned by insiders.

ScanSource Trading Down 0.4 %

ScanSource stock opened at $35.48 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.30 and a current ratio of 2.11. ScanSource, Inc. has a fifty-two week low of $35.09 and a fifty-two week high of $53.90. The stock has a market cap of $832.50 million, a P/E ratio of 14.02, a PEG ratio of 1.14 and a beta of 1.43. The firm’s fifty day moving average price is $43.74 and its 200-day moving average price is $46.93.

ScanSource (NASDAQ:SCSC) last announced its earnings results on Thursday, January 30th. The industrial products company reported $0.85 earnings per share 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 prior year, the business earned $0.85 earnings per share. Equities research analysts forecast that ScanSource, Inc. will post 3.33 earnings per share for the current fiscal year.

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.