Nebula Research & Development LLC Cuts Stock Position in PC Connection, Inc. (NASDAQ:CNXN)

Nebula Research & Development LLC decreased its holdings in shares of PC Connection, Inc. (NASDAQ:CNXN) by 40.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,390 shares of the company’s stock after selling 5,114 shares during the quarter. Nebula Research & Development LLC’s holdings in PC Connection were worth $512,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CNXN. Price T Rowe Associates Inc. MD boosted its holdings in shares of PC Connection by 12.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,087 shares of the company’s stock worth $422,000 after purchasing an additional 652 shares during the period. Hsbc Holdings PLC boosted its stake in PC Connection by 33.7% during the fourth quarter. Hsbc Holdings PLC now owns 4,968 shares of the company’s stock worth $341,000 after buying an additional 1,252 shares during the period. Tower Research Capital LLC TRC increased its position in PC Connection by 156.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,209 shares of the company’s stock valued at $292,000 after acquiring an additional 2,570 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of PC Connection by 9.7% in the fourth quarter. MetLife Investment Management LLC now owns 7,082 shares of the company’s stock valued at $491,000 after acquiring an additional 624 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in shares of PC Connection by 6.3% in the 4th quarter. Sterling Capital Management LLC now owns 5,609 shares of the company’s stock worth $389,000 after acquiring an additional 331 shares during the last quarter. Institutional investors own 42.85% of the company’s stock.

PC Connection Trading Up 0.9 %

Shares of NASDAQ:CNXN opened at $62.50 on Wednesday. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 1.96 and a beta of 0.69. PC Connection, Inc. has a 12 month low of $56.82 and a 12 month high of $77.19. The firm’s 50-day moving average is $61.84 and its 200 day moving average is $67.65.

PC Connection (NASDAQ:CNXN) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.12). PC Connection had a return on equity of 9.74% and a net margin of 3.11%. During the same period in the previous year, the company earned $0.90 earnings per share. As a group, equities analysts forecast that PC Connection, Inc. will post 3.33 EPS for the current fiscal year.

PC Connection Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were issued a $0.15 dividend. The ex-dividend date was Tuesday, February 25th. This is a boost from PC Connection’s previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.96%. PC Connection’s dividend payout ratio is presently 18.24%.

PC Connection 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.