SG Americas Securities LLC Invests $487,000 in ScanSource, Inc. (NASDAQ:SCSC)

SG Americas Securities LLC purchased a new position in shares of ScanSource, Inc. (NASDAQ:SCSC - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,311 shares of the industrial products company's stock, valued at approximately $487,000. SG Americas Securities LLC owned approximately 0.06% of ScanSource as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in SCSC. Sanctuary Advisors LLC raised its holdings in ScanSource by 3.5% in the 4th quarter. Sanctuary Advisors LLC now owns 10,103 shares of the industrial products company's stock valued at $479,000 after acquiring an additional 338 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of ScanSource by 25.5% during the first quarter. GAMMA Investing LLC now owns 1,944 shares of the industrial products company's stock worth $66,000 after purchasing an additional 395 shares during the last quarter. Versant Capital Management Inc grew its position in shares of ScanSource by 88.4% in the first quarter. Versant Capital Management Inc now owns 863 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 405 shares during the period. Brandywine Global Investment Management LLC increased its stake in ScanSource by 0.7% in the fourth quarter. Brandywine Global Investment Management LLC now owns 80,908 shares of the industrial products company's stock valued at $3,839,000 after purchasing an additional 538 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its position in ScanSource by 7.3% during the fourth quarter. Sterling Capital Management LLC now owns 9,782 shares of the industrial products company's stock worth $464,000 after buying an additional 665 shares during the period. 97.91% of the stock is owned by institutional investors and hedge funds.

ScanSource Trading Down 0.1%

Shares of NASDAQ SCSC traded down $0.05 during trading on Wednesday, hitting $41.76. 157,098 shares of the company traded hands, compared to its average volume of 226,886. The firm has a market capitalization of $943.61 million, a P/E ratio of 15.08, a P/E/G ratio of 1.21 and a beta of 1.38. The company has a quick ratio of 1.32, a current ratio of 2.07 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $38.46 and a 200-day moving average price of $40.28. ScanSource, Inc. has a 1 year low of $28.75 and a 1 year high of $53.90.

ScanSource (NASDAQ:SCSC - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. The firm had revenue of $704.23 million during the quarter, compared to the consensus estimate of $809.17 million. ScanSource had a return on equity of 8.96% and a net margin of 2.27%. The firm's quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 earnings per share. On average, equities analysts predict that ScanSource, Inc. will post 3.33 EPS for the current year.

Insider Buying and Selling

In other ScanSource news, EVP Rachel Hayden sold 6,738 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $41.27, for a total value of $278,077.26. Following the transaction, the executive vice president now directly owns 13,174 shares of the company's stock, valued at $543,690.98. This trade represents a 33.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on SCSC. Northcoast Research upgraded ScanSource from a "neutral" rating to a "buy" rating and set a $42.00 price target for the company in a report on Tuesday, May 6th. Wall Street Zen cut shares of ScanSource from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th.

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.