1,174 Shares in ScanSource, Inc. (NASDAQ:SCSC) Bought by GAMMA Investing LLC

GAMMA Investing LLC bought a new stake in ScanSource, Inc. (NASDAQ:SCSC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,174 shares of the industrial products company’s stock, valued at approximately $46,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SCSC. Gladius Capital Management LP bought a new stake in shares of ScanSource during the third quarter worth $36,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in ScanSource by 23.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,473 shares of the industrial products company’s stock worth $166,000 after acquiring an additional 1,034 shares during the last quarter. Bailard Inc. bought a new stake in ScanSource during the 3rd quarter worth $215,000. EMC Capital Management increased its holdings in ScanSource by 3,872.8% in the 3rd quarter. EMC Capital Management now owns 7,151 shares of the industrial products company’s stock worth $217,000 after purchasing an additional 6,971 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in ScanSource by 45.9% in the third quarter. Mackenzie Financial Corp now owns 11,138 shares of the industrial products company’s stock valued at $340,000 after purchasing an additional 3,506 shares during the last quarter. Institutional investors own 97.91% of the company’s stock.

ScanSource Stock Performance

ScanSource stock opened at $42.87 on Friday. The business has a 50 day moving average of $42.41 and a 200-day moving average of $38.44. The company has a market capitalization of $1.08 billion, a P/E ratio of 12.32, a P/E/G ratio of 1.22 and a beta of 1.51. ScanSource, Inc. has a 1 year low of $26.14 and a 1 year high of $45.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.30 and a quick ratio of 1.36.

ScanSource (NASDAQ:SCSC) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.14). The business had revenue of $884.79 million for the quarter, compared to the consensus estimate of $943.10 million. ScanSource had a return on equity of 9.18% and a net margin of 2.45%. The company’s revenue was down 12.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.06 earnings per share. On average, equities research analysts predict that ScanSource, Inc. will post 3.39 earnings per share for the current year.

About ScanSource

ScanSource, Inc distributes technology products and solutions in the United States, Canada, and internationally. 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.