Nebula Research & Development LLC Decreases Stock Holdings in PC Connection, Inc. (NASDAQ:CNXN)

Nebula Research & Development LLC trimmed its stake in PC Connection, Inc. (NASDAQ:CNXN - Free Report) by 40.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,390 shares of the company's stock after selling 5,114 shares during the period. Nebula Research & Development LLC's holdings in PC Connection were worth $512,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CNXN. New Age Alpha Advisors LLC purchased a new position in PC Connection during the fourth quarter valued at $40,000. EntryPoint Capital LLC lifted its position in PC Connection by 8.3% during the 4th quarter. EntryPoint Capital LLC now owns 3,220 shares of the company's stock valued at $223,000 after acquiring an additional 248 shares during the period. Tower Research Capital LLC TRC lifted its position in PC Connection by 156.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,209 shares of the company's stock valued at $292,000 after acquiring an additional 2,570 shares during the period. Hsbc Holdings PLC grew its holdings in PC Connection by 33.7% in the fourth quarter. Hsbc Holdings PLC now owns 4,968 shares of the company's stock worth $341,000 after purchasing an additional 1,252 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in PC Connection by 6.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,336 shares of the company's stock worth $370,000 after purchasing an additional 319 shares during the period. Hedge funds and other institutional investors own 42.85% of the company's stock.

PC Connection Trading Up 0.1 %

PC Connection stock traded up $0.06 during mid-day trading on Monday, hitting $68.14. The company had a trading volume of 11,315 shares, compared to its average volume of 96,582. PC Connection, Inc. has a 12 month low of $56.82 and a 12 month high of $77.19. The company has a market capitalization of $1.76 billion, a PE ratio of 20.71, a price-to-earnings-growth ratio of 1.96 and a beta of 0.67. The stock's 50 day moving average price is $61.90 and its two-hundred day moving average price is $67.42.

PC Connection (NASDAQ:CNXN - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.42 by $0.18. The company had revenue of $701.05 million for the quarter, compared to the consensus estimate of $646.37 million. PC Connection had a net margin of 3.11% and a return on equity of 9.74%. Equities research analysts anticipate that PC Connection, Inc. will post 3.33 EPS for the current year.

PC Connection Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Tuesday, May 13th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $0.60 dividend on an annualized basis and a yield of 0.88%. PC Connection's payout ratio is currently 18.18%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised PC Connection from a "buy" rating to a "strong-buy" rating in a research report on Thursday.

PC Connection Company 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.