Dimensional Fund Advisors LP Grows Stake in Systemax Inc. (SYX)

Dimensional Fund Advisors LP lifted its position in shares of Systemax Inc. (NYSE:SYX) by 1.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,340,363 shares of the company’s stock after buying an additional 14,552 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Systemax were worth $35,427,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SYX. Wells Fargo & Company MN raised its stake in shares of Systemax by 0.7% during the 2nd quarter. Wells Fargo & Company MN now owns 6,846 shares of the company’s stock worth $129,000 after buying an additional 45 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Systemax by 483.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,830 shares of the company’s stock worth $154,000 after buying an additional 4,830 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Systemax by 193.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,520 shares of the company’s stock worth $198,000 after buying an additional 6,934 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Systemax by 12.1% during the 2nd quarter. Alliancebernstein L.P. now owns 14,807 shares of the company’s stock worth $278,000 after buying an additional 1,600 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Systemax by 49.0% during the 2nd quarter. New York State Common Retirement Fund now owns 15,200 shares of the company’s stock worth $286,000 after buying an additional 4,999 shares during the last quarter. 26.84% of the stock is owned by institutional investors and hedge funds.

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

Systemax Inc. (NYSE:SYX) opened at $31.00 on Friday. The stock has a market capitalization of $1,139.95, a price-to-earnings ratio of 310.03 and a beta of 0.15. Systemax Inc. has a one year low of $7.05 and a one year high of $34.91.

The company also recently announced a None dividend, which was paid on Friday, January 12th. Investors of record on Friday, January 5th were paid a $1.50 dividend. This represents a yield of 1.18%. The ex-dividend date of this dividend was Thursday, January 4th. Systemax’s payout ratio is 400.04%.

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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.

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Institutional Ownership by Quarter for Systemax (NYSE:SYX)

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