2 weeks Ago By ABMN Staff
Renaissance Technologies LLC boosted its position in PC Connection, Inc. ( NASDAQ:CNXN – Free Report ) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 61,700 shares of the company’s stock after acquiring an additional 3,300 shares during the quarter. Renaissance Technologies LLC owned 0.23% of PC Connection worth $4,274,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in CNXN. Legal & General Group Plc boosted its position in shares of PC Connection by 8.1% during the 4th quarter.
Legal & General Group Plc now owns 34,572 shares of the company’s stock worth $2,395,000 after acquiring an additional 2,593 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of PC Connection by 8.
2% in the 4th quarter. Invesco Ltd. now owns 268,455 shares of the company’s stock valued at $18,596,000 after buying an additional 20,383 shares in the last quarter.
Trexquant Investment LP raised its stake in PC Connection by 24.3% during the 4th quarter. Trexquant Investment LP now owns 32,760 shares of the company’s stock worth $2,269,000 after acquiring an additional 6,400 shares in the last quarter.
Geode Capital Management LLC grew its holdings in shares of PC Connection by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 354,459 shares of the company’s stock worth $24,558,000 after purchasing an additional 8,329 shares during the last quarter.
Finally, O Shaughnessy Asset Management LLC boosted its position in shares of PC Connection by 6.4% in 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 period.
Hedge funds and other institutional investors own 42.85% of the company’s stock. PC Connection Trading Down 2.
0 % Shares of CNXN opened at $58.90 on Tuesday. The firm has a market cap of $1.
52 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.96 and a beta of 0.
69. The company’s 50 day simple moving average is $62.33 and its 200-day simple moving average is $68.
11. PC Connection, Inc. has a 12-month low of $56.
82 and a 12-month high of $77.19. PC Connection Increases Dividend The company 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. This represents a $0.
60 dividend on an annualized basis and a dividend yield of 1.02%. This is a positive change from PC Connection’s previous quarterly dividend of $0.
10. The ex-dividend date of this dividend was Tuesday, February 25th. PC Connection’s payout ratio is 18.
24%. PC Connection Company Profile ( 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.
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