Stone Ridge Asset Management LLC acquired a new position in Systemax Inc. (NYSE:SYX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 53,230 shares of the company’s stock, valued at approximately $1,771,000. Stone Ridge Asset Management LLC owned approximately 0.14% of Systemax at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Deutsche Bank AG increased its stake in shares of Systemax by 64.3% in the 4th quarter. Deutsche Bank AG now owns 25,545 shares of the company’s stock worth $848,000 after purchasing an additional 10,000 shares in the last quarter. Bogle Investment Management L P DE increased its stake in shares of Systemax by 27.5% in the 4th quarter. Bogle Investment Management L P DE now owns 61,422 shares of the company’s stock worth $2,043,000 after purchasing an additional 13,253 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Systemax in the 4th quarter worth $377,000. Martingale Asset Management L P purchased a new stake in shares of Systemax in the 4th quarter worth $896,000. Finally, Systematic Financial Management LP purchased a new stake in shares of Systemax in the 4th quarter worth $1,546,000. Hedge funds and other institutional investors own 27.77% of the company’s stock.
Shares of Systemax Inc. (NYSE SYX) opened at $29.23 on Wednesday. The company has a market capitalization of $1,080.64, a price-to-earnings ratio of 22.42 and a beta of 0.22. Systemax Inc. has a 12 month low of $7.05 and a 12 month high of $34.91.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 9th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, March 8th. This is a positive change from Systemax’s previous quarterly dividend of $0.10. Systemax’s dividend payout ratio is presently 41.91%.
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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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