Lazard Asset Management LLC bought a new stake in Systemax Inc. (NYSE:SYX) in the 4th quarter, HoldingsChannel.com reports. The fund bought 11,361 shares of the company’s stock, valued at approximately $377,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. James Investment Research Inc. acquired a new stake in shares of Systemax during the fourth quarter worth $2,253,000. Citadel Advisors LLC acquired a new stake in shares of Systemax during the third quarter worth $653,000. OxFORD Asset Management LLP acquired a new stake in shares of Systemax during the third quarter worth $495,000. 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 worth $3,872,000 after purchasing an additional 38,352 shares during the period. Finally, 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 worth $1,800,000 after purchasing an additional 48,002 shares during the period. 27.77% of the stock is owned by institutional investors.
Shares of Systemax Inc. (SYX) opened at $29.23 on Wednesday. Systemax Inc. has a 52 week low of $7.05 and a 52 week high of $34.91. The company has a market capitalization of $1,073.22, a price-to-earnings ratio of 27.84 and a beta of 0.22.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 9th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, March 8th. This is a boost from Systemax’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.51%. Systemax’s payout ratio is 41.91%.
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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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