20,090 Shares in Systemax Inc. (SYX) Acquired by Chicago Equity Partners LLC
Chicago Equity Partners LLC acquired a new stake in shares of Systemax Inc. (NYSE:SYX) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,090 shares of the company’s stock, valued at approximately $378,000. Chicago Equity Partners LLC owned about 0.05% of Systemax as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Rhumbline Advisers raised its stake in shares of Systemax by 0.6% during the 2nd quarter. Rhumbline Advisers now owns 15,372 shares of the company’s stock worth $289,000 after buying an additional 88 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Systemax by 12.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 46,999 shares of the company’s stock valued at $884,000 after purchasing an additional 5,309 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Systemax by 5.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 153,212 shares of the company’s stock valued at $2,881,000 after purchasing an additional 7,452 shares in the last quarter. 25.23% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on SYX shares. Sidoti reaffirmed a “neutral” rating and issued a $22.00 price objective (up from $20.00) on shares of Systemax in a research note on Sunday, June 25th. TheStreet upgraded Systemax from a “c” rating to a “b-” rating in a report on Monday, June 5th. Finally, BidaskClub cut Systemax from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st.
In related news, VP Thomas Axmacher sold 10,314 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $24.45, for a total value of $252,177.30. Following the completion of the transaction, the vice president now owns 5,125 shares of the company’s stock, valued at $125,306.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Manoj Shetty sold 5,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $23.30, for a total transaction of $116,500.00. The disclosure for this sale can be found here. Insiders have sold 18,200 shares of company stock valued at $439,413 in the last ninety days. 69.60% of the stock is owned by company insiders.
Systemax Inc. (NYSE:SYX) opened at 24.05 on Thursday. The stock’s market capitalization is $890.28 million. Systemax Inc. has a 52-week low of $7.05 and a 52-week high of $26.28. The firm has a 50-day moving average price of $23.05 and a 200 day moving average price of $16.64.
Systemax (NYSE:SYX) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.16. The firm had revenue of $313.00 million during the quarter. Systemax had a negative net margin of 0.87% and a positive return on equity of 12.27%. On average, equities research analysts predict that Systemax Inc. will post $1.23 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 14th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Thursday, August 10th. Systemax’s dividend payout ratio is currently -114.29%.
Systemax Inc is a direct marketer of brand name and private label products. The Company’s segments are Industrial Products Group (IPG), EMEA Technology Products Group (EMEA), and Corporate and Other (Corporate). The IPG segment sells an array of maintenance, repair and operational (MRO) products, which are marketed in North America.
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