Dana Investment Advisors Inc. Lowers Stock Position in ScanSource, Inc. (NASDAQ:SCSC)

Dana Investment Advisors Inc. decreased its holdings in ScanSource, Inc. (NASDAQ:SCSC) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 219,120 shares of the industrial products company’s stock after selling 25,999 shares during the quarter. Dana Investment Advisors Inc. owned 0.93% of ScanSource worth $10,397,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Pacer Advisors Inc. boosted its stake in shares of ScanSource by 18.3% in the third quarter. Pacer Advisors Inc. now owns 2,744,702 shares of the industrial products company’s stock valued at $131,828,000 after purchasing an additional 425,233 shares during the period. Wasatch Advisors LP lifted its stake in ScanSource by 13.2% in the third quarter. Wasatch Advisors LP now owns 1,097,992 shares of the industrial products company’s stock worth $52,737,000 after acquiring an additional 127,883 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in 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 acquiring an additional 91,069 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in ScanSource by 12.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 220,923 shares of the industrial products company’s stock worth $10,611,000 after acquiring an additional 24,264 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in ScanSource by 1.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 194,809 shares of the industrial products company’s stock worth $9,357,000 after acquiring an additional 2,300 shares during the last quarter. Hedge funds and other institutional investors own 97.91% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Michael L. Baur sold 15,000 shares of ScanSource stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $38.91, for a total value of $583,650.00. Following the transaction, the chief executive officer now directly owns 162,760 shares of the company’s stock, valued at $6,332,991.60. The trade was a 8.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Brandy Ford sold 1,845 shares of ScanSource stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $49.38, for a total transaction of $91,106.10. Following the completion of the transaction, the chief accounting officer now directly owns 9,506 shares in the company, valued at $469,406.28. The trade was a 16.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,839 shares of company stock valued at $750,528. 4.20% of the stock is owned by corporate insiders.

ScanSource Stock Down 0.4 %

Shares of ScanSource stock opened at $35.48 on Thursday. ScanSource, Inc. has a 52-week low of $35.09 and a 52-week high of $53.90. The company has a 50 day moving average of $43.74 and a 200 day moving average of $46.93. The company has a quick ratio of 1.30, a current ratio of 2.11 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $832.50 million, a P/E ratio of 14.02, a P/E/G ratio of 1.14 and a beta of 1.43.

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

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.