Bailard Inc. Invests $251,000 in ScanSource, Inc. (NASDAQ:SCSC)

Bailard Inc. bought a new stake in shares of ScanSource, Inc. (NASDAQ:SCSC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,300 shares of the industrial products company’s stock, valued at approximately $251,000.

A number of other institutional investors have also recently made changes to their positions in SCSC. Gladius Capital Management LP purchased a new stake in ScanSource during the third quarter valued at approximately $30,000. Point72 DIFC Ltd bought a new position in shares of ScanSource during the 3rd quarter valued at approximately $35,000. KBC Group NV raised 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 valued at $57,000 after buying an additional 443 shares during the period. Quest Partners LLC lifted its position in ScanSource by 42.6% in 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 last quarter. Finally, Systematic Financial Management LP purchased a new position in ScanSource during the third quarter worth $205,000. Institutional investors own 97.91% of the company’s stock.

ScanSource Trading Down 0.4 %

SCSC stock opened at $35.48 on Thursday. The firm’s fifty day simple moving average is $43.74 and its two-hundred day simple moving average is $46.93. The stock has a market capitalization of $832.50 million, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 1.14 and a beta of 1.43. The company has a quick ratio of 1.30, a current ratio of 2.11 and a debt-to-equity ratio of 0.15. ScanSource, Inc. has a twelve month low of $35.09 and a twelve month high of $53.90.

ScanSource (NASDAQ:SCSC) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $0.85 EPS for the quarter, missing the consensus estimate 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 quarter in the prior year, the company earned $0.85 EPS. As a group, analysts anticipate that ScanSource, Inc. will post 3.33 earnings per share for the current year.

Insider Transactions at ScanSource

In other ScanSource 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 transaction, the chief accounting officer now owns 9,506 shares of the company’s stock, valued at $469,406.28. This represents a 16.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael L. Baur sold 1,994 shares of ScanSource stock in a transaction on Monday, February 10th. The stock was sold at an average price of $38.00, for a total value of $75,772.00. Following the sale, the chief executive officer now owns 142,760 shares of the company’s stock, valued at approximately $5,424,880. This trade represents a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,839 shares of company stock worth $750,528. 4.20% of the stock is currently owned by company insiders.

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.