Seizert Capital Partners LLC Grows Stake in ScanSource, Inc. (NASDAQ:SCSC)

Seizert Capital Partners LLC grew its holdings in ScanSource, Inc. (NASDAQ:SCSC) by 16.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,599 shares of the industrial products company’s stock after acquiring an additional 934 shares during the period. Seizert Capital Partners LLC’s holdings in ScanSource were worth $313,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Victory Capital Management Inc. lifted its holdings in ScanSource by 142.2% in the 4th quarter. Victory Capital Management Inc. now owns 119,599 shares of the industrial products company’s stock worth $5,675,000 after buying an additional 70,228 shares during the period. Bailard Inc. purchased a new stake in ScanSource in the 4th quarter worth approximately $251,000. Versor Investments LP purchased a new stake in ScanSource in the 4th quarter worth approximately $218,000. New York State Common Retirement Fund lifted its holdings in ScanSource by 11.5% in the 4th quarter. New York State Common Retirement Fund now owns 8,596 shares of the industrial products company’s stock worth $408,000 after buying an additional 887 shares during the period. Finally, Sanctuary Advisors LLC lifted its holdings in ScanSource by 3.5% in the 4th quarter. Sanctuary Advisors LLC now owns 10,103 shares of the industrial products company’s stock worth $479,000 after buying an additional 338 shares during the period. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Insider Transactions at ScanSource

In other news, CAO Brandy Ford sold 1,845 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $49.38, for a total value of $91,106.10. Following the completion of the transaction, the chief accounting officer now owns 9,506 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Also, CEO Michael L. Baur sold 1,994 shares of the stock in a transaction that occurred on 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 directly owns 142,760 shares of the company’s stock, valued at $5,424,880. This represents a 1.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,839 shares of company stock valued at $750,528. Corporate insiders own 4.20% of the company’s stock.

ScanSource Trading Down 0.4 %

NASDAQ SCSC opened at $35.48 on Thursday. ScanSource, Inc. has a fifty-two week low of $35.09 and a fifty-two week high of $53.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.30 and a current ratio of 2.11. The stock has a 50 day simple moving average of $43.74 and a two-hundred day simple moving average of $46.93. The stock has a market cap of $832.50 million, a P/E ratio of 14.02, a price-to-earnings-growth ratio of 1.14 and a beta of 1.43.

ScanSource (NASDAQ:SCSC) last announced its earnings results on Thursday, January 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate 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 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.