Royce & Associates LP raised its position in shares of Systemax Inc. (NYSE:SYX) by 0.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 189,824 shares of the company’s stock after buying an additional 509 shares during the period. Royce & Associates LP owned about 0.51% of Systemax worth $4,298,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Scout Investments Inc. boosted its holdings in Systemax by 9.6% in the 1st quarter. Scout Investments Inc. now owns 136,417 shares of the company’s stock valued at $3,088,000 after purchasing an additional 11,893 shares during the period. Bank of New York Mellon Corp increased its position in Systemax by 4.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 161,744 shares of the company’s stock worth $5,328,000 after purchasing an additional 6,285 shares in the last quarter. Alambic Investment Management L.P. acquired a new position in Systemax during the 4th quarter worth approximately $1,185,000. Vanguard Group Inc. increased its position in Systemax by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,041,968 shares of the company’s stock worth $34,322,000 after purchasing an additional 15,257 shares in the last quarter. Finally, Prescott Investors Profit Sharing Trust acquired a new position in Systemax during the 4th quarter worth approximately $1,797,000. 28.72% of the stock is owned by institutional investors.
Shares of Systemax stock traded up $0.14 during trading hours on Wednesday, reaching $21.37. The company’s stock had a trading volume of 49,900 shares, compared to its average volume of 70,572. The business has a fifty day simple moving average of $21.04. The stock has a market cap of $769.91 million, a P/E ratio of 17.23 and a beta of 0.09. The company has a quick ratio of 1.05, a current ratio of 1.72 and a debt-to-equity ratio of 0.36. Systemax Inc. has a one year low of $19.60 and a one year high of $47.75.
Systemax (NYSE:SYX) last announced its earnings results on Tuesday, April 30th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.05. The company had revenue of $232.20 million during the quarter, compared to the consensus estimate of $231.65 million. Systemax had a net margin of 20.96% and a return on equity of 25.22%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, equities analysts forecast that Systemax Inc. will post 1.39 earnings per share for the current year.
SYX has been the subject of several recent research reports. TheStreet cut shares of Systemax from a “b-” rating to a “c+” rating in a research report on Friday, March 22nd. Zacks Investment Research cut shares of Systemax from a “buy” rating to a “sell” rating in a research report on Tuesday, March 5th.
In related news, Director Lawrence P. Reinhold sold 35,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $22.22, for a total value of $777,700.00. Following the transaction, the director now owns 215,011 shares in the company, valued at $4,777,544.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 67.20% of the company’s stock.
Systemax Inc operates as a direct marketer of brand name and private label industrial and business equipment and supplies in North America. It sells a range of maintenance, repair, and operation products, including storage and shelving, material handling, janitorial and maintenance products, furniture and office products, workbenches and shop desks, HVAC/R and fans, safety and security products, outdoor and grounds maintenance products, tools and instruments, and office and school supplies.
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