Peregrine Capital Management LLC Sells 4,167 Shares of ScanSource, Inc. (NASDAQ:SCSC)

Peregrine Capital Management LLC lessened its position in ScanSource, Inc. (NASDAQ:SCSC) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 112,390 shares of the industrial products company’s stock after selling 4,167 shares during the period. Peregrine Capital Management LLC owned 0.47% of ScanSource worth $5,333,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Royce & Associates LP grew its holdings in ScanSource by 177.3% in the 3rd quarter. Royce & Associates LP now owns 21,432 shares of the industrial products company’s stock worth $1,029,000 after acquiring an additional 13,703 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in ScanSource by 31.8% in the 3rd 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. Janney Montgomery Scott LLC bought a new stake in ScanSource in the 3rd quarter worth $1,674,000. Franklin Resources Inc. grew its holdings in ScanSource by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 22,577 shares of the industrial products company’s stock worth $1,093,000 after acquiring an additional 2,026 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of ScanSource by 97.9% during the 3rd quarter. Barclays PLC now owns 54,346 shares of the industrial products company’s stock valued at $2,610,000 after purchasing an additional 26,881 shares in the last quarter. Institutional investors own 97.91% of the company’s stock.

Insider Activity

In other news, CAO Brandy Ford sold 1,845 shares of ScanSource stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $49.38, for a total transaction of $91,106.10. Following the sale, the chief accounting officer now owns 9,506 shares of the company’s stock, valued at approximately $469,406.28. The trade was a 16.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael L. Baur sold 15,000 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $38.91, for a total transaction of $583,650.00. Following the sale, the chief executive officer now directly owns 162,760 shares in the company, valued at $6,332,991.60. The trade was a 8.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,839 shares of company stock valued at $750,528. Corporate insiders own 4.20% of the company’s stock.

ScanSource Trading Down 0.8 %

Shares of SCSC opened at $37.19 on Thursday. The firm’s 50-day moving average price is $46.17 and its 200-day moving average price is $47.62. The firm has a market capitalization of $872.48 million, a price-to-earnings ratio of 14.70, a PEG ratio of 1.12 and a beta of 1.43. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 0.15. ScanSource, Inc. has a 1-year low of $36.63 and a 1-year high of $53.90.

ScanSource (NASDAQ:SCSC) last announced its earnings results on Thursday, January 30th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the business posted $0.85 EPS. Sell-side analysts anticipate that ScanSource, Inc. will post 3.33 EPS for the current 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.