Bogle Investment Management L P DE Purchases 13,253 Shares of Systemax Inc. (SYX)
Bogle Investment Management L P DE raised its position in Systemax Inc. (NYSE:SYX) by 27.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,422 shares of the company’s stock after acquiring an additional 13,253 shares during the quarter. Bogle Investment Management L P DE’s holdings in Systemax were worth $2,043,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC bought a new position in Systemax in the fourth quarter valued at about $153,000. Russell Investments Group Ltd. lifted its holdings in Systemax by 483.0% in the third quarter. Russell Investments Group Ltd. now owns 5,830 shares of the company’s stock valued at $154,000 after acquiring an additional 4,830 shares during the period. First Trust Advisors LP bought a new position in shares of Systemax in the fourth quarter worth about $221,000. Wells Fargo & Company MN raised its stake in shares of Systemax by 0.7% in the second quarter. Wells Fargo & Company MN now owns 6,846 shares of the company’s stock worth $129,000 after buying an additional 45 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Systemax by 193.4% in the second quarter. The Manufacturers Life Insurance Company now owns 10,520 shares of the company’s stock worth $198,000 after buying an additional 6,934 shares during the period. 26.66% of the stock is currently owned by institutional investors.
Systemax Inc. (NYSE:SYX) opened at $28.92 on Monday. Systemax Inc. has a 12 month low of $7.05 and a 12 month high of $34.91. The company has a market capitalization of $1,072.12, a PE ratio of 27.54 and a beta of 0.22.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 9th will be paid a $0.11 dividend. The ex-dividend date is Thursday, March 8th. This represents a $0.44 annualized dividend and a dividend yield of 1.52%. This is an increase from Systemax’s previous quarterly dividend of $0.10. Systemax’s dividend payout ratio (DPR) is 38.10%.
Separately, Sidoti downgraded Systemax from a “buy” rating to a “neutral” rating in a research note on Friday, November 10th.
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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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