Gladius Capital Management LP Lowers Stake in ScanSource, Inc. (NASDAQ:SCSC)

Gladius Capital Management LP trimmed its position in ScanSource, Inc. (NASDAQ:SCSC) by 25.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 898 shares of the industrial products company’s stock after selling 301 shares during the quarter. Gladius Capital Management LP’s holdings in ScanSource were worth $36,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC acquired a new position in shares of ScanSource during the fourth quarter worth about $46,000. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 in the last quarter. EMC Capital Management boosted 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 acquiring an additional 6,971 shares during the period. Summit Global Investments acquired a new stake in ScanSource in the fourth quarter valued at approximately $301,000. Finally, Mackenzie Financial Corp raised its stake in shares of ScanSource by 45.9% during 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 period. 97.91% of the stock is owned by institutional investors and hedge funds.

ScanSource Stock Up 1.7 %

Shares of SCSC stock traded up $0.79 on Thursday, hitting $47.38. The stock had a trading volume of 263,132 shares, compared to its average volume of 208,069. The stock’s 50 day moving average is $42.64 and its 200-day moving average is $38.82. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 13.61, a P/E/G ratio of 1.26 and a beta of 1.51. ScanSource, Inc. has a 52-week low of $26.99 and a 52-week high of $48.22. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.36 and a current ratio of 2.30.

ScanSource (NASDAQ:SCSC) last posted its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.15). ScanSource had a net margin of 2.45% and a return on equity of 9.18%. The firm had revenue of $752.60 million during the quarter, compared to analysts’ expectations of $822.10 million. During the same period in the previous year, the company earned $0.96 earnings per share. The business’s quarterly revenue was down 15.0% on a year-over-year basis. As a group, research analysts expect 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.