Amalgamated Bank Boosts Stock Holdings in PC Connection, Inc. (NASDAQ:CNXN)

Amalgamated Bank lifted its stake in PC Connection, Inc. (NASDAQ:CNXN) by 4.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,521 shares of the company’s stock after purchasing an additional 154 shares during the period. Amalgamated Bank’s holdings in PC Connection were worth $266,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Signaturefd LLC raised its position in PC Connection by 328.1% in the 3rd quarter. Signaturefd LLC now owns 488 shares of the company’s stock valued at $37,000 after purchasing an additional 374 shares in the last quarter. CWM LLC increased its stake in shares of PC Connection by 125.5% during the third quarter. CWM LLC now owns 850 shares of the company’s stock worth $64,000 after buying an additional 473 shares during the period. Innealta Capital LLC acquired a new stake in PC Connection in the second quarter valued at approximately $60,000. nVerses Capital LLC raised its holdings in PC Connection by 1,000.0% in the third quarter. nVerses Capital LLC now owns 1,100 shares of the company’s stock valued at $83,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in PC Connection by 15,593.3% in the first quarter. Lazard Asset Management LLC now owns 2,354 shares of the company’s stock worth $155,000 after acquiring an additional 2,339 shares during the last quarter. 42.85% of the stock is currently owned by hedge funds and other institutional investors.

PC Connection Price Performance

NASDAQ:CNXN opened at $70.15 on Monday. PC Connection, Inc. has a 12 month low of $57.47 and a 12 month high of $77.19. The firm has a market capitalization of $1.84 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 2.07 and a beta of 0.63. The business’s fifty day moving average price is $72.27 and its 200 day moving average price is $68.80.

PC Connection Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Tuesday, November 12th. PC Connection’s dividend payout ratio (DPR) is presently 11.73%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of PC Connection from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 29th.

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.