5,336 Shares in Systemax Inc. (SYX) Acquired by Oppenheimer Asset Management Inc.
Oppenheimer Asset Management Inc. purchased a new stake in shares of Systemax Inc. (NYSE:SYX) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,336 shares of the company’s stock, valued at approximately $127,000.
A number of other hedge funds have also added to or reduced their stakes in SYX. Millennium Management LLC increased its holdings in Systemax by 181.2% during the 2nd quarter. Millennium Management LLC now owns 76,557 shares of the company’s stock worth $2,628,000 after purchasing an additional 49,328 shares during the period. Northern Trust Corp increased its holdings in Systemax by 24.6% during the 2nd quarter. Northern Trust Corp now owns 215,870 shares of the company’s stock worth $7,411,000 after purchasing an additional 42,588 shares during the period. First Trust Advisors LP increased its holdings in Systemax by 42.7% during the 3rd quarter. First Trust Advisors LP now owns 143,998 shares of the company’s stock worth $4,743,000 after purchasing an additional 43,087 shares during the period. Alps Advisors Inc. purchased a new stake in Systemax during the 3rd quarter worth about $463,000. Finally, Assenagon Asset Management S.A. purchased a new stake in Systemax during the 3rd quarter worth about $1,245,000. Institutional investors and hedge funds own 28.57% of the company’s stock.
NYSE:SYX opened at $25.19 on Tuesday. The stock has a market cap of $938.58 million and a PE ratio of 19.38. Systemax Inc. has a 1 year low of $22.36 and a 1 year high of $47.75.
In other Systemax news, insider Robert Dooley sold 29,652 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The stock was sold at an average price of $30.89, for a total transaction of $915,950.28. Following the completion of the sale, the insider now directly owns 111,380 shares of the company’s stock, valued at approximately $3,440,528.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Thomas Eugene Clark sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, December 13th. The shares were sold at an average price of $31.02, for a total value of $465,300.00. Following the sale, the vice president now directly owns 33,534 shares of the company’s stock, valued at $1,040,224.68. The disclosure for this sale can be found here. 68.00% of the stock is owned by corporate insiders.
TRADEMARK VIOLATION NOTICE: “5,336 Shares in Systemax Inc. (SYX) Acquired by Oppenheimer Asset Management Inc.” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://www.thecerbatgem.com/2019/02/19/5336-shares-in-systemax-inc-syx-acquired-by-oppenheimer-asset-management-inc.html.
Systemax Inc operates as a direct marketer of brand name and private label products. Its Industrial Products Group segment sells a range of maintenance, repair, and operation products, including storage and shelving, material handling, janitorial and maintenance, furniture and office, HVAC/R and fans, workbench and shop desks, safety and security, outdoor and grounds maintenance, tools and instruments, office and school supplies, plumbing and pumps, packaging and supplies, electrical and lighting, food service and appliances, raw materials and building supplies, motors and power transmission, pneumatics and hydraulics, medical and laboratory equipment, metalworking and cutting tools, vehicle maintenance, and fasteners and hardware in North America.
See Also: Inflation
Receive News & Ratings for Systemax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Systemax and related companies with MarketBeat.com's FREE daily email newsletter.