Systemax Inc. (NYSE:SYX) saw a large growth in short interest in December. As of December 13th, there was short interest totalling 52,000 shares, a growth of 22.1% from the November 28th total of 42,600 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average trading volume of 47,400 shares, the short-interest ratio is currently 1.1 days.
Shares of NYSE:SYX opened at $24.77 on Friday. The stock has a market cap of $936.78 million, a P/E ratio of 19.98 and a beta of 0.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.77 and a quick ratio of 1.17. Systemax has a 1-year low of $18.49 and a 1-year high of $26.57. The firm has a fifty day moving average price of $24.45 and a 200 day moving average price of $22.24.
Systemax (NYSE:SYX) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.01). The firm had revenue of $243.90 million for the quarter, compared to analysts’ expectations of $252.00 million. Systemax had a return on equity of 33.72% and a net margin of 5.32%. Sell-side analysts expect that Systemax will post 1.23 EPS for the current fiscal year.
In other news, Director Lawrence P. Reinhold sold 1,304 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $25.00, for a total value of $32,600.00. Following the completion of the transaction, the director now owns 183,154 shares in the company, valued at approximately $4,578,850. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lawrence P. Reinhold sold 41,303 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $25.00, for a total transaction of $1,032,575.00. Following the completion of the transaction, the director now 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 have sold a total of 47,675 shares of company stock valued at $1,191,875 in the last quarter. 67.20% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in SYX. Nuveen Asset Management LLC purchased a new position in shares of Systemax in the 2nd quarter valued at about $2,767,000. BlackRock Inc. increased its holdings in shares of Systemax by 9.3% in the 2nd quarter. BlackRock Inc. now owns 904,143 shares of the company’s stock valued at $20,037,000 after purchasing an additional 76,573 shares in the last quarter. Grandeur Peak Global Advisors LLC increased its holdings in shares of Systemax by 32.9% in the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 286,298 shares of the company’s stock valued at $6,344,000 after purchasing an additional 70,822 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Systemax by 81.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 139,269 shares of the company’s stock valued at $3,065,000 after purchasing an additional 62,661 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of Systemax by 674.1% in the 2nd quarter. Morgan Stanley now owns 39,983 shares of the company’s stock valued at $886,000 after purchasing an additional 34,818 shares in the last quarter. Institutional investors own 29.08% of the company’s stock.
Several brokerages have recently issued reports on SYX. TheStreet upgraded shares of Systemax from a “c+” rating to a “b-” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Systemax from a “sell” rating to a “hold” rating in a research note on Wednesday, January 1st.
About Systemax
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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