Martingale Asset Management L P bought a new position in Systemax Inc. (NYSE:SYX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 26,903 shares of the company’s stock, valued at approximately $896,000. Martingale Asset Management L P owned about 0.07% of Systemax at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Systemax by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,340,363 shares of the company’s stock worth $35,427,000 after acquiring an additional 14,552 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Systemax by 37.9% during the 2nd quarter. Vanguard Group Inc. now owns 831,951 shares of the company’s stock valued at $15,640,000 after buying an additional 228,829 shares in the last quarter. BlackRock Inc. increased its holdings in Systemax by 2.4% in the 4th quarter. BlackRock Inc. now owns 738,147 shares of the company’s stock valued at $24,559,000 after acquiring an additional 16,964 shares during the last quarter. State Street Corp increased its holdings in Systemax by 22.9% in the 2nd quarter. State Street Corp now owns 205,907 shares of the company’s stock valued at $3,872,000 after acquiring an additional 38,352 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Systemax by 24.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 190,341 shares of the company’s stock valued at $5,030,000 after acquiring an additional 37,129 shares during the last quarter. Institutional investors own 27.77% of the company’s stock.
Shares of Systemax Inc. (NYSE:SYX) traded up $0.04 during midday trading on Thursday, reaching $29.40. 55,462 shares of the company’s stock were exchanged, compared to its average volume of 102,437. The company has a market cap of $1,083.60, a P/E ratio of 27.96 and a beta of 0.22. Systemax Inc. has a one year low of $7.05 and a one year high of $34.91.
Systemax (NYSE:SYX) last posted its earnings results on Tuesday, February 27th. The company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. Systemax had a net margin of 3.19% and a return on equity of 21.87%. The firm had revenue of $330.60 million for the quarter.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 9th will be issued a $0.11 dividend. The ex-dividend date is Thursday, March 8th. This is an increase from Systemax’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.50%. Systemax’s payout ratio is 41.91%.
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Systemax Company Profile
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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