Rhumbline Advisers Decreases Position in ScanSource, Inc. (NASDAQ:SCSC)

Rhumbline Advisers decreased its holdings in shares of ScanSource, Inc. (NASDAQ:SCSC) by 1.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 78,069 shares of the industrial products company’s stock after selling 1,544 shares during the quarter. Rhumbline Advisers’ holdings in ScanSource were worth $3,704,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Gladius Capital Management LP acquired a new position in ScanSource during the third quarter worth approximately $30,000. Point72 DIFC Ltd acquired a new position in ScanSource during the third quarter worth approximately $35,000. KBC Group NV increased its position in ScanSource by 59.9% during the third quarter. KBC Group NV now owns 1,182 shares of the industrial products company’s stock worth $57,000 after buying an additional 443 shares during the period. Quest Partners LLC increased its position in ScanSource by 42.6% during the third quarter. Quest Partners LLC now owns 1,323 shares of the industrial products company’s stock worth $64,000 after buying an additional 395 shares during the period. Finally, Systematic Financial Management LP acquired a new position in ScanSource during the third quarter worth approximately $205,000. Hedge funds and other institutional investors own 97.91% of the company’s stock.

ScanSource Trading Up 0.6 %

NASDAQ:SCSC opened at $36.61 on Friday. The firm has a market cap of $859.02 million, a P/E ratio of 14.47, a PEG ratio of 1.14 and a beta of 1.43. 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’s 50 day simple moving average is $44.45 and its 200-day simple moving average is $47.20. ScanSource, Inc. has a 12-month low of $36.05 and a 12-month high of $53.90.

ScanSource (NASDAQ:SCSC) last posted its quarterly 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 net margin of 2.08% and a return on equity of 8.55%. During the same period in the previous year, the company earned $0.85 earnings per share. Equities analysts anticipate that ScanSource, Inc. will post 3.33 EPS for the current year.

Insider Activity

In related news, CAO Brandy Ford sold 1,845 shares of the company’s stock in a transaction 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 directly owns 9,506 shares in the company, valued at approximately $469,406.28. This represents a 16.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 transaction of $75,772.00. Following the sale, the chief executive officer now directly owns 142,760 shares of the company’s stock, valued at approximately $5,424,880. This trade represents a 1.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,839 shares of company stock worth $750,528 over the last three months. 4.20% of the stock is currently owned by corporate insiders.

ScanSource 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.