GSA Capital Partners LLP Sells 8,844 Shares of Systemax Inc. (NYSE:SYX)

GSA Capital Partners LLP decreased its stake in Systemax Inc. (NYSE:SYX) by 12.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 62,877 shares of the company’s stock after selling 8,844 shares during the period. GSA Capital Partners LLP’s holdings in Systemax were worth $1,393,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Aperio Group LLC bought a new stake in shares of Systemax in the second quarter valued at approximately $42,000. Legal & General Group Plc raised its position in shares of Systemax by 26.5% in the fourth quarter. Legal & General Group Plc now owns 2,366 shares of the company’s stock valued at $57,000 after purchasing an additional 495 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Systemax by 651.7% in the first quarter. BNP Paribas Arbitrage SA now owns 2,706 shares of the company’s stock valued at $61,000 after purchasing an additional 2,346 shares during the period. Marshall Wace North America L.P. bought a new stake in shares of Systemax in the first quarter valued at approximately $219,000. Finally, Bank of America Corp DE raised its position in shares of Systemax by 37.7% in the fourth quarter. Bank of America Corp DE now owns 14,105 shares of the company’s stock valued at $336,000 after purchasing an additional 3,864 shares during the period. 29.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE SYX traded down $0.97 during midday trading on Friday, hitting $19.46. The company’s stock had a trading volume of 53,876 shares, compared to its average volume of 86,133. The stock has a fifty day moving average price of $20.58 and a 200 day moving average price of $21.71. Systemax Inc. has a one year low of $18.49 and a one year high of $37.70. The company has a current ratio of 1.75, a quick ratio of 1.14 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $765.84 million, a price-to-earnings ratio of 14.91 and a beta of 0.12.

Systemax (NYSE:SYX) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. Systemax had a net margin of 23.14% and a return on equity of 25.61%. The company had revenue of $248.60 million for the quarter, compared to analyst estimates of $247.65 million. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities research analysts predict that Systemax Inc. will post 1.39 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Friday, August 9th. Systemax’s dividend payout ratio (DPR) is currently 38.71%.

Separately, Zacks Investment Research raised shares of Systemax from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st.

Systemax Company Profile

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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Institutional Ownership by Quarter for Systemax (NYSE:SYX)

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