Jane Street Group LLC Purchases 3,307 Shares of ScanSource, Inc. (NASDAQ:SCSC)

Jane Street Group LLC grew its position in shares of ScanSource, Inc. (NASDAQ:SCSC) by 6.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,980 shares of the industrial products company’s stock after purchasing an additional 3,307 shares during the quarter. Jane Street Group LLC owned approximately 0.24% of ScanSource worth $2,737,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SCSC. Pacer Advisors Inc. boosted its position in ScanSource by 54.2% during the second quarter. Pacer Advisors Inc. now owns 2,319,469 shares of the industrial products company’s stock valued at $102,776,000 after buying an additional 815,240 shares during the period. American Century Companies Inc. boosted its holdings in ScanSource by 75.5% during the 2nd quarter. American Century Companies Inc. now owns 521,127 shares of the industrial products company’s stock valued at $23,091,000 after acquiring an additional 224,160 shares during the period. Millennium Management LLC grew its position in ScanSource by 2,640.7% during the 2nd quarter. Millennium Management LLC now owns 136,266 shares of the industrial products company’s stock worth $6,038,000 after acquiring an additional 131,294 shares during the last quarter. Wasatch Advisors LP increased its stake in ScanSource by 13.2% in the 3rd quarter. Wasatch Advisors LP now owns 1,097,992 shares of the industrial products company’s stock worth $52,737,000 after purchasing an additional 127,883 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in ScanSource by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,983,625 shares of the industrial products company’s stock valued at $87,894,000 after purchasing an additional 39,533 shares during the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

ScanSource Stock Performance

NASDAQ:SCSC opened at $47.58 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.27 and a current ratio of 2.03. ScanSource, Inc. has a fifty-two week low of $31.01 and a fifty-two week high of $53.90. The business has a 50 day moving average price of $49.32 and a 200-day moving average price of $47.72. The firm has a market cap of $1.13 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 1.50 and a beta of 1.44.

ScanSource (NASDAQ:SCSC) last announced its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. The business had revenue of $775.58 million for the quarter, compared to analyst estimates of $774.90 million. ScanSource had a net margin of 2.49% and a return on equity of 8.53%. The company’s revenue was down 11.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 EPS. Equities research analysts predict that ScanSource, Inc. will post 3.51 earnings per share for the current year.

Insider Activity at ScanSource

In other ScanSource news, CEO Michael L. Baur sold 29,617 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $49.20, for a total transaction of $1,457,156.40. Following the transaction, the chief executive officer now directly owns 177,760 shares of the company’s stock, valued at approximately $8,745,792. The trade was a 14.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction 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 $469,406.28. This trade represents a 16.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,855 shares of company stock worth $2,702,949 in the last 90 days. Company insiders own 4.20% of the company’s stock.

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.