Campbell & CO Investment Adviser LLC Buys 2,212 Shares of PC Connection, Inc. $CNXN

Campbell & CO Investment Adviser LLC raised its stake in shares of PC Connection, Inc. (NASDAQ:CNXN) by 26.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 10,708 shares of the company’s stock after purchasing an additional 2,212 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in PC Connection were worth $704,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Parallel Advisors LLC increased its stake in PC Connection by 74.3% during the second quarter. Parallel Advisors LLC now owns 448 shares of the company’s stock valued at $29,000 after acquiring an additional 191 shares during the period. Vident Advisory LLC increased its position in shares of PC Connection by 3.2% during the first quarter. Vident Advisory LLC now owns 7,157 shares of the company’s stock valued at $447,000 after purchasing an additional 223 shares during the period. State of Alaska Department of Revenue raised its stake in shares of PC Connection by 3.9% in the second quarter. State of Alaska Department of Revenue now owns 7,113 shares of the company’s stock valued at $467,000 after purchasing an additional 266 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in PC Connection by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,900 shares of the company’s stock worth $431,000 after purchasing an additional 312 shares during the period. Finally, CWM LLC boosted its stake in PC Connection by 67.4% during the first quarter. CWM LLC now owns 1,637 shares of the company’s stock worth $102,000 after buying an additional 659 shares in the last quarter. Institutional investors own 42.85% of the company’s stock.

PC Connection Stock Up 0.9%

Shares of CNXN stock opened at $58.99 on Friday. The company has a market capitalization of $1.49 billion, a P/E ratio of 18.26, a P/E/G ratio of 1.74 and a beta of 0.75. PC Connection, Inc. has a 12-month low of $55.50 and a 12-month high of $75.84. The firm has a 50-day moving average price of $61.21 and a 200 day moving average price of $63.82.

PC Connection (NASDAQ:CNXN) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.04). PC Connection had a return on equity of 9.64% and a net margin of 2.91%.The firm had revenue of $709.07 million for the quarter, compared to the consensus estimate of $749.81 million. As a group, research analysts expect that PC Connection, Inc. will post 3.33 earnings per share for the current year.

PC Connection Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Tuesday, November 11th will be given a $0.15 dividend. The ex-dividend date is Monday, November 10th. This represents a $0.60 annualized dividend and a yield of 1.0%. PC Connection’s payout ratio is presently 18.58%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CNXN shares. Zacks Research cut shares of PC Connection from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of PC Connection in a research report on Thursday. Finally, Wall Street Zen downgraded PC Connection from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

About PC Connection

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.