Dynamic Technology Lab Private Ltd Buys Shares of 10,835 Systemax Inc. (SYX)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Systemax Inc. (NYSE:SYX) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 10,835 shares of the company’s stock, valued at approximately $286,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Systemax by 37.9% during the second quarter. Vanguard Group Inc. now owns 831,951 shares of the company’s stock valued at $15,640,000 after acquiring an additional 228,829 shares in the last quarter. King Luther Capital Management Corp grew its stake in shares of Systemax by 5.0% during the second quarter. King Luther Capital Management Corp now owns 1,208,471 shares of the company’s stock valued at $22,719,000 after acquiring an additional 58,000 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Systemax during the third quarter valued at about $1,398,000. Chicago Equity Partners LLC grew its stake in shares of Systemax by 238.9% during the third quarter. Chicago Equity Partners LLC now owns 68,092 shares of the company’s stock valued at $1,800,000 after acquiring an additional 48,002 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Systemax by 22.9% during the second quarter. State Street Corp now owns 205,907 shares of the company’s stock valued at $3,872,000 after acquiring an additional 38,352 shares in the last quarter. Institutional investors and hedge funds own 26.84% of the company’s stock.

Shares of Systemax Inc. (NYSE SYX) traded up $0.50 during mid-day trading on Thursday, hitting $29.74. 78,800 shares of the stock traded hands, compared to its average volume of 75,085. Systemax Inc. has a twelve month low of $7.05 and a twelve month high of $32.33. The company has a market capitalization of $1,083.97, a PE ratio of 28.11 and a beta of 0.16.

The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders 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 1.34%. Systemax’s payout ratio is 400.04%.

In other news, CEO Lawrence P. Reinhold sold 47,880 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $25.07, for a total transaction of $1,200,351.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 69.50% of the company’s stock.

Separately, Sidoti downgraded Systemax from a “buy” rating to a “neutral” rating in a research note on Friday, November 10th.

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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.

Institutional Ownership by Quarter for Systemax (NYSE:SYX)

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