EntryPoint Capital LLC Purchases 248 Shares of PC Connection, Inc. (NASDAQ:CNXN)

EntryPoint Capital LLC increased its position in shares of PC Connection, Inc. (NASDAQ:CNXN) by 8.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,220 shares of the company’s stock after acquiring an additional 248 shares during the period. EntryPoint Capital LLC’s holdings in PC Connection were worth $223,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Martingale Asset Management L P boosted its position in shares of PC Connection by 0.4% during the 3rd quarter. Martingale Asset Management L P now owns 37,098 shares of the company’s stock valued at $2,798,000 after acquiring an additional 140 shares during the last quarter. Ieq Capital LLC lifted its position in PC Connection by 3.5% during the fourth quarter. Ieq Capital LLC now owns 6,596 shares of the company’s stock valued at $457,000 after purchasing an additional 224 shares during the last quarter. Rhumbline Advisers grew its stake in PC Connection by 0.4% in the 4th quarter. Rhumbline Advisers now owns 85,432 shares of the company’s stock worth $5,918,000 after buying an additional 298 shares in the last quarter. Point72 DIFC Ltd purchased a new position in PC Connection in the 3rd quarter worth approximately $28,000. Finally, Illinois Municipal Retirement Fund increased its holdings in shares of PC Connection by 6.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 6,519 shares of the company’s stock worth $452,000 after buying an additional 390 shares during the last quarter. 42.85% of the stock is currently owned by hedge funds and other institutional investors.

PC Connection Stock Performance

NASDAQ CNXN opened at $61.93 on Friday. PC Connection, Inc. has a 52-week low of $57.47 and a 52-week high of $77.19. The company has a fifty day moving average of $65.85 and a 200-day moving average of $69.79. The company has a market capitalization of $1.62 billion, a P/E ratio of 18.82, a P/E/G ratio of 1.96 and a beta of 0.61.

PC Connection (NASDAQ:CNXN) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.12). PC Connection had a return on equity of 9.74% and a net margin of 3.11%. During the same period in the prior year, the business posted $0.90 EPS. As a group, analysts forecast that PC Connection, Inc. will post 3.33 EPS for the current fiscal year.

PC Connection Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, February 25th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.60 annualized dividend and a yield of 0.97%. This is a positive change from PC Connection’s previous quarterly dividend of $0.10. PC Connection’s dividend payout ratio is currently 18.24%.

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.