ScanSource, Inc. (NASDAQ:SCSC) Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its stake in ScanSource, Inc. (NASDAQ:SCSC) by 63.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,013 shares of the industrial products company’s stock after acquiring an additional 5,830 shares during the quarter. Ritholtz Wealth Management owned 0.06% of ScanSource worth $712,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Exchange Traded Concepts LLC lifted its holdings in shares of ScanSource by 1.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 20,387 shares of the industrial products company’s stock worth $979,000 after acquiring an additional 220 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in ScanSource by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,440 shares of the industrial products company’s stock worth $418,000 after buying an additional 308 shares in the last quarter. Martingale Asset Management L P lifted its holdings in ScanSource by 0.6% during the 3rd quarter. Martingale Asset Management L P now owns 58,169 shares of the industrial products company’s stock worth $2,794,000 after buying an additional 340 shares in the last quarter. Quest Partners LLC lifted its holdings in ScanSource by 42.6% during the 3rd 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 in the last quarter. Finally, KBC Group NV lifted its holdings in ScanSource by 59.9% during the 3rd 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 in the last quarter. 97.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ScanSource

In other ScanSource news, CAO Brandy Ford sold 1,845 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $49.38, for a total value of $91,106.10. Following the sale, the chief accounting officer now directly 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 document filed with the SEC, which is available at this link. Also, CEO Michael L. Baur sold 8,312 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $48.98, for a total transaction of $407,121.76. Following the completion of the sale, the chief executive officer now directly owns 177,760 shares in the company, valued at approximately $8,706,684.80. This represents a 4.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,855 shares of company stock valued at $2,702,949. Insiders own 4.20% of the company’s stock.

ScanSource Price Performance

ScanSource stock opened at $50.46 on Tuesday. The firm has a market cap of $1.20 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 1.35 and a beta of 1.45. ScanSource, Inc. has a 52-week low of $31.01 and a 52-week high of $53.90. The company has a quick ratio of 1.27, a current ratio of 2.03 and a debt-to-equity ratio of 0.15. The company’s 50 day moving average is $49.82 and its two-hundred day moving average is $48.29.

ScanSource (NASDAQ:SCSC) last released its 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 company 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 firm’s quarterly revenue was down 11.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.74 EPS. On average, research analysts expect that ScanSource, Inc. will post 3.51 EPS for the current fiscal 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.