Dynamic Technology Lab Private Ltd purchased a new stake in Systemax Inc. (NYSE:SYX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,835 shares of the company’s stock, valued at approximately $286,000.
A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. boosted 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 worth $15,640,000 after acquiring an additional 228,829 shares in the last quarter. King Luther Capital Management Corp boosted its stake in shares of Systemax by 5.0% during the 2nd quarter. King Luther Capital Management Corp now owns 1,208,471 shares of the company’s stock worth $22,719,000 after acquiring an additional 58,000 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Systemax during the 3rd quarter worth about $1,398,000. Chicago Equity Partners LLC boosted its stake in shares of Systemax by 238.9% during the 3rd quarter. Chicago Equity Partners LLC now owns 68,092 shares of the company’s stock worth $1,800,000 after acquiring an additional 48,002 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Systemax by 22.9% during the 2nd quarter. State Street Corp now owns 205,907 shares of the company’s stock worth $3,872,000 after acquiring an additional 38,352 shares in the last quarter. 26.84% of the stock is currently owned by institutional investors.
In related news, CEO Lawrence P. Reinhold sold 80,203 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $26.79, for a total transaction of $2,148,638.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 69.50% of the stock is owned by corporate insiders.
The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 13th were given a dividend of $0.10 per share. The ex-dividend date was Friday, November 10th. This represents a $0.40 annualized dividend and a dividend yield of 1.36%. Systemax’s dividend payout ratio (DPR) is presently 400.04%.
Separately, Sidoti reissued a “buy” rating and set a $31.00 target price (up from $25.00) on shares of Systemax in a research note on Thursday, August 10th.
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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