Systemax Inc. (NYSE:SYX) Director Lawrence P. Reinhold sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $22.22, for a total value of $777,700.00. Following the transaction, the director now owns 215,011 shares of the company’s stock, valued at approximately $4,777,544.42. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
SYX stock opened at $21.38 on Thursday. Systemax Inc. has a fifty-two week low of $19.82 and a fifty-two week high of $47.75. The firm has a market cap of $774.78 million, a P/E ratio of 17.24 and a beta of -0.05. The company has a quick ratio of 1.05, a current ratio of 1.72 and a debt-to-equity ratio of 0.36.
Systemax (NYSE:SYX) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.05. Systemax had a return on equity of 25.22% and a net margin of 20.96%. The firm had revenue of $232.20 million during the quarter, compared to analysts’ expectations of $231.65 million. Systemax’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities research analysts expect that Systemax Inc. will post 1.39 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Scout Investments Inc. acquired a new stake in Systemax during the 4th quarter valued at $2,975,000. Bank of New York Mellon Corp increased its holdings in Systemax by 4.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 161,744 shares of the company’s stock valued at $5,328,000 after purchasing an additional 6,285 shares in the last quarter. Alambic Investment Management L.P. acquired a new stake in Systemax during the 4th quarter valued at $1,185,000. Vanguard Group Inc. increased its holdings in Systemax by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,041,968 shares of the company’s stock valued at $34,322,000 after purchasing an additional 15,257 shares in the last quarter. Finally, Prescott Investors Profit Sharing Trust acquired a new stake in Systemax during the 4th quarter valued at $1,797,000. 28.42% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently commented on SYX shares. TheStreet downgraded Systemax from a “b-” rating to a “c+” rating in a research report on Friday, March 22nd. Zacks Investment Research downgraded Systemax from a “buy” rating to a “sell” rating in a research report on Tuesday, March 5th.
TRADEMARK VIOLATION NOTICE: “Insider Selling: Systemax Inc. (SYX) Director Sells 35,000 Shares of Stock” was first reported by WKRB News and is the property of of WKRB News. If you are accessing this piece on another site, it was stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this piece can be viewed at https://www.wkrb13.com/2019/05/16/insider-selling-systemax-inc-syx-director-sells-35000-shares-of-stock.html.
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.
Recommended Story: How to invest in a bear market
Receive News & Ratings for Systemax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Systemax and related companies with MarketBeat.com's FREE daily email newsletter.