1 day Ago By ABMN Staff
CANADA LIFE ASSURANCE Co lowered its stake in shares of PC Connection, Inc. ( NASDAQ:CNXN – Free Report ) by 2.4% in the fourth quarter, according to its most recent 13F filing with the SEC.
The fund owned 11,533 shares of the company’s stock after selling 282 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in PC Connection were worth $798,000 as of its most recent SEC filing. Other hedge funds have also added to or reduced their stakes in the company.
New Age Alpha Advisors LLC acquired a new position in PC Connection during the 4th quarter valued at about $40,000. EntryPoint Capital LLC boosted its stake in PC Connection by 8.3% during the 4th quarter.
EntryPoint Capital LLC now owns 3,220 shares of the company’s stock valued at $223,000 after purchasing an additional 248 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in PC Connection by 6.4% during the 4th quarter.
O Shaughnessy Asset Management LLC now owns 5,336 shares of the company’s stock valued at $370,000 after purchasing an additional 319 shares during the last quarter. Sterling Capital Management LLC grew its position in PC Connection by 6.3% in the 4th quarter.
Sterling Capital Management LLC now owns 5,609 shares of the company’s stock worth $389,000 after purchasing an additional 331 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in PC Connection in the 4th quarter valued at about $436,000. Institutional investors and hedge funds own 42.
85% of the company’s stock. PC Connection Stock Performance NASDAQ:CNXN opened at $62.50 on Wednesday.
The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 1.
96 and a beta of 0.69. PC Connection, Inc.
has a 52 week low of $56.82 and a 52 week high of $77.19.
The firm has a 50-day moving average price of $61.84 and a two-hundred day moving average price of $67.65.
PC Connection Increases Dividend The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, February 25th were paid a dividend of $0.15 per share.
The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.60 annualized dividend and a dividend yield of 0.
96%. This is a positive change from PC Connection’s previous quarterly dividend of $0.10.
PC Connection’s dividend payout ratio (DPR) is presently 18.24%. About PC Connection ( Free Report ) 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. Read More Want to see what other hedge funds are holding CNXN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for PC Connection, Inc. ( NASDAQ:CNXN – Free Report ). Receive News & Ratings for PC Connection Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PC Connection and related companies with MarketBeat.
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