Systemax (SYX) Getting Somewhat Favorable News Coverage, Report Finds
News coverage about Systemax (NYSE:SYX) has been trending somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Systemax earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.9856083813137 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Is There Now An Opportunity In Systemax Inc (SYX)? (finance.yahoo.com)
- Systemax Inc. (SYX) to Issue $0.10 Quarterly Dividend (americanbankingnews.com)
- Systemax, Inc.: Leads amongst peers with strong fundamentals (finance.yahoo.com)
- ETFs with exposure to Systemax, Inc. : November 2, 2017 (finance.yahoo.com)
Shares of Systemax (NYSE:SYX) traded down $2.37 during trading on Friday, reaching $29.13. 107,300 shares of the company’s stock were exchanged, compared to its average volume of 73,211. Systemax has a twelve month low of $7.05 and a twelve month high of $32.33. The firm has a market cap of $998.65, a price-to-earnings ratio of 30.29 and a beta of 0.15.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, November 13th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, November 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.37%. Systemax’s payout ratio is 33.61%.
SYX has been the topic of a number of recent analyst reports. Sidoti restated a “buy” rating and set a $31.00 price target (up previously from $25.00) on shares of Systemax in a research note on Thursday, August 10th. BidaskClub lowered shares of Systemax from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st.
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In other news, VP Thomas Axmacher sold 10,314 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $24.45, for a total value of $252,177.30. Following the sale, the vice president now directly owns 5,125 shares of the company’s stock, valued at approximately $125,306.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lawrence P. Reinhold sold 80,203 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $26.79, for a total transaction of $2,148,638.37. The disclosure for this sale can be found here. Insiders sold a total of 141,283 shares of company stock worth $3,671,903 over the last ninety days. Insiders own 69.60% of the company’s stock.
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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