Picton Mahoney Asset Management Purchases 758 Shares of ScanSource, Inc. (NASDAQ:SCSC)

Picton Mahoney Asset Management lifted its position in ScanSource, Inc. (NASDAQ:SCSC) by 50.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,246 shares of the industrial products company’s stock after purchasing an additional 758 shares during the quarter. Picton Mahoney Asset Management’s holdings in ScanSource were worth $106,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Royce & Associates LP increased its holdings in shares of ScanSource by 177.3% in the third quarter. Royce & Associates LP now owns 21,432 shares of the industrial products company’s stock worth $1,029,000 after purchasing an additional 13,703 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of ScanSource by 31.8% in the third quarter. JPMorgan Chase & Co. now owns 377,080 shares of the industrial products company’s stock worth $18,111,000 after purchasing an additional 91,069 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of ScanSource by 9.9% in the third quarter. Franklin Resources Inc. now owns 22,577 shares of the industrial products company’s stock worth $1,093,000 after purchasing an additional 2,026 shares during the last quarter. Barclays PLC increased its holdings in shares of ScanSource by 97.9% in the third quarter. Barclays PLC now owns 54,346 shares of the industrial products company’s stock worth $2,610,000 after purchasing an additional 26,881 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of ScanSource in the fourth quarter worth about $807,000. 97.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other ScanSource news, CEO Michael L. Baur sold 1,994 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 142,760 shares in the company, valued at $5,424,880. The trade was a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Brandy Ford sold 1,845 shares of the business’s 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 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 position. The disclosure for this sale can be found here. Insiders have sold 18,839 shares of company stock valued at $750,528 over the last ninety days. 4.20% of the stock is owned by insiders.

ScanSource Trading Up 2.4 %

Shares of SCSC stock opened at $36.09 on Monday. The stock’s 50-day moving average price is $41.86 and its 200-day moving average price is $46.20. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 0.15. ScanSource, Inc. has a 12-month low of $35.05 and a 12-month high of $53.90. The stock has a market capitalization of $846.82 million, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 1.14 and a beta of 1.41.

ScanSource (NASDAQ:SCSC) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $0.85 earnings per share 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 firm earned $0.85 EPS. Equities research analysts predict that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

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.