Tudor Investment Corp ET AL Acquires 55,150 Shares of ScanSource, Inc. (NASDAQ:SCSC)

Tudor Investment Corp ET AL increased its position in shares of ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 190.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,101 shares of the industrial products company's stock after purchasing an additional 55,150 shares during the quarter. Tudor Investment Corp ET AL owned 0.36% of ScanSource worth $3,991,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. grew its position in ScanSource by 13.1% in the 4th quarter. American Century Companies Inc. now owns 759,318 shares of the industrial products company's stock valued at $36,030,000 after acquiring an additional 87,721 shares in the last quarter. Invesco Ltd. raised its holdings in ScanSource by 2.4% in the 4th quarter. Invesco Ltd. now owns 618,099 shares of the industrial products company's stock valued at $29,329,000 after acquiring an additional 14,669 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of ScanSource by 15.6% in the 4th quarter. JPMorgan Chase & Co. now owns 436,007 shares of the industrial products company's stock worth $20,689,000 after purchasing an additional 58,927 shares during the period. Empowered Funds LLC increased its stake in ScanSource by 5.1% during the 4th quarter. Empowered Funds LLC now owns 136,305 shares of the industrial products company's stock worth $6,468,000 after buying an additional 6,592 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in ScanSource in the fourth quarter valued at about $5,687,000. Institutional investors and hedge funds own 97.91% of the company's stock.

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 shares were sold at an average price of $38.00, for a total value of $75,772.00. Following the completion of the transaction, the chief executive officer now owns 142,760 shares of the company's stock, valued at $5,424,880. The trade was a 1.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen Jones sold 2,000 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $36.14, for a total transaction of $72,280.00. Following the sale, the chief financial officer now owns 69,816 shares of the company's stock, valued at $2,523,150.24. This represents a 2.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,994 shares of company stock valued at $731,702 in the last 90 days. 4.20% of the stock is currently owned by insiders.

ScanSource Price Performance

Shares of ScanSource stock traded down $0.15 during trading on Monday, hitting $34.33. The stock had a trading volume of 165,207 shares, compared to its average volume of 231,143. The business has a fifty day moving average of $33.90 and a two-hundred day moving average of $42.43. The firm has a market cap of $805.52 million, a P/E ratio of 13.57, a PEG ratio of 1.14 and a beta of 1.34. ScanSource, Inc. has a fifty-two week low of $28.75 and a fifty-two week high of $53.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 1.30.

ScanSource (NASDAQ:SCSC - Get Free Report) last released 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 net margin of 2.08% and a return on equity of 8.55%. During the same period in the prior year, the business earned $0.85 earnings per share. On average, sell-side analysts expect that ScanSource, Inc. will post 3.33 earnings per share for the current fiscal year.

About ScanSource

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.