Systemax Inc. (NYSE:SYX) Short Interest Update

Systemax Inc. (NYSE:SYX) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 37,400 shares, a decline of 28.1% from the December 31st total of 52,000 shares. Based on an average trading volume of 51,100 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the shares of the company are sold short.

In related news, Director Lawrence P. Reinhold sold 1,485 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $25.00, for a total value of $37,125.00. Following the completion of the sale, the director now owns 162,289 shares of the company’s stock, valued at $4,057,225. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lawrence P. Reinhold sold 41,303 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $25.00, for a total transaction of $1,032,575.00. Following the completion of the sale, the director now directly owns 202,335 shares of the company’s stock, valued at approximately $5,058,375. The disclosure for this sale can be found here. Insiders own 67.20% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Bank of Montreal Can increased its position in shares of Systemax by 1,205.7% during the second quarter. Bank of Montreal Can now owns 1,136 shares of the company’s stock valued at $25,000 after purchasing an additional 1,049 shares during the period. Bartlett & Co. LLC bought a new position in Systemax in the third quarter worth $26,000. JPMorgan Chase & Co. boosted its stake in Systemax by 203.5% during the second quarter. JPMorgan Chase & Co. now owns 13,009 shares of the company’s stock worth $283,000 after buying an additional 8,722 shares in the last quarter. Susquehanna International Group LLP boosted its stake in Systemax by 248.0% during the second quarter. Susquehanna International Group LLP now owns 13,908 shares of the company’s stock worth $308,000 after buying an additional 23,308 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in Systemax by 12.9% in the 3rd quarter. California Public Employees Retirement System now owns 20,623 shares of the company’s stock valued at $454,000 after buying an additional 2,349 shares during the period. Institutional investors own 28.72% of the company’s stock.

SYX stock traded down $0.25 on Monday, hitting $24.23. 28 shares of the company’s stock traded hands, compared to its average volume of 53,164. The stock has a market cap of $918.76 million, a price-to-earnings ratio of 18.50 and a beta of 0.13. Systemax has a 1-year low of $18.49 and a 1-year high of $26.57. The company has a current ratio of 1.77, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36. The stock has a fifty day moving average of $25.06 and a 200-day moving average of $22.50.

Systemax (NYSE:SYX) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.01). The company had revenue of $243.90 million during the quarter, compared to the consensus estimate of $252.00 million. Systemax had a net margin of 5.32% and a return on equity of 33.72%. On average, equities research analysts anticipate that Systemax will post 1.23 earnings per share for the current fiscal year.

A number of research firms recently commented on SYX. Zacks Investment Research upgraded shares of Systemax from a “sell” rating to a “hold” rating in a research note on Wednesday, January 1st. TheStreet raised Systemax from a “c+” rating to a “b-” rating in a report on Wednesday, October 2nd.

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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