Systemax Inc. (SYX) Position Raised by Russell Investments Group Ltd.
Russell Investments Group Ltd. increased its position in shares of Systemax Inc. (NYSE:SYX) by 483.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,830 shares of the company’s stock after purchasing an additional 4,830 shares during the period. Russell Investments Group Ltd.’s holdings in Systemax were worth $154,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in SYX. Schwab Charles Investment Management Inc. increased its position in Systemax by 12.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 46,999 shares of the company’s stock worth $884,000 after purchasing an additional 5,309 shares during the last quarter. Rhumbline Advisers increased its position in Systemax by 0.6% during the second quarter. Rhumbline Advisers now owns 15,372 shares of the company’s stock worth $289,000 after purchasing an additional 88 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Systemax by 5.1% during the second quarter. Bank of New York Mellon Corp now owns 153,212 shares of the company’s stock valued at $2,881,000 after acquiring an additional 7,452 shares during the last quarter. Chicago Equity Partners LLC acquired a new stake in shares of Systemax during the second quarter valued at about $378,000. Finally, Swiss National Bank acquired a new stake in shares of Systemax during the second quarter valued at about $462,000. Hedge funds and other institutional investors own 26.84% of the company’s stock.
Separately, Sidoti cut shares of Systemax from a “buy” rating to a “neutral” rating in a research report on Friday, November 10th.
Shares of Systemax Inc. (SYX) opened at $31.46 on Tuesday. Systemax Inc. has a 12-month low of $7.05 and a 12-month high of $34.91. The firm has a market cap of $1,168.50, a PE ratio of 314.63 and a beta of 0.15.
The business also recently declared a None dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, January 5th will be given a dividend of $1.50 per share. This represents a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, January 4th. Systemax’s dividend payout ratio is presently 400.04%.
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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