Eagle Global Advisors LLC reduced its position in shares of Systemax Inc. (NYSE:SYX) by 16.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,508 shares of the company’s stock after selling 7,502 shares during the period. Eagle Global Advisors LLC owned about 0.10% of Systemax worth $705,000 at the end of the most recent quarter.
Shares of Systemax Inc. (SYX) traded up 0.61% during trading on Friday, reaching $23.07. 68,920 shares of the company’s stock were exchanged. Systemax Inc. has a 52-week low of $7.05 and a 52-week high of $26.27. The firm’s market capitalization is $854.01 million. The company has a 50 day moving average of $20.15 and a 200 day moving average of $14.15.
Systemax (NYSE:SYX) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.16. The firm had revenue of $313 million for the quarter. Systemax had a negative net margin of 0.87% and a positive return on equity of 12.27%. Equities analysts anticipate that Systemax Inc. will post $1.23 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 14th will be issued a $0.10 dividend. The ex-dividend date is Thursday, August 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.73%. Systemax’s dividend payout ratio (DPR) is currently -114.29%.
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Several research analysts recently issued reports on the company. Sidoti reiterated a “buy” rating and issued a $31.00 price target (up from $25.00) on shares of Systemax in a report on Thursday. BidaskClub cut shares of Systemax from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, TheStreet raised shares of Systemax from a “c” rating to a “b-” rating in a research note on Monday, June 5th.
In related news, VP Manoj Shetty sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $23.30, for a total value of $116,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 69.60% of the stock is currently owned by corporate insiders.
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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