Systemax Inc. (NYSE:SYX) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 75,400 shares, a drop of 21.1% from the June 15th total of 95,600 shares. Based on an average daily trading volume, of 86,000 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.6% of the company’s shares are sold short.

In other Systemax news, insider Donna Fielding sold 1,980 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $20.27, for a total value of $40,134.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 67.00% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of Montreal Can boosted its stake in shares of Systemax by 43.2% in the fourth quarter. Bank of Montreal Can now owns 1,559 shares of the company’s stock worth $39,000 after buying an additional 470 shares during the last quarter. Swiss National Bank boosted its stake in shares of Systemax by 3.3% in the fourth quarter. Swiss National Bank now owns 25,100 shares of the company’s stock worth $632,000 after acquiring an additional 800 shares during the last quarter. WINTON GROUP Ltd raised its position in shares of Systemax by 4.7% in the first quarter. WINTON GROUP Ltd now owns 19,413 shares of the company’s stock valued at $344,000 after buying an additional 864 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Systemax by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 166,478 shares of the company’s stock valued at $4,189,000 after acquiring an additional 1,419 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Systemax by 8.4% in the 1st quarter. First Trust Advisors LP now owns 18,411 shares of the company’s stock worth $326,000 after purchasing an additional 1,423 shares in the last quarter. 28.88% of the stock is owned by institutional investors.

Separately, Zacks Investment Research cut shares of Systemax from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th.

Shares of SYX stock traded up $0.24 during mid-day trading on Tuesday, hitting $20.33. 53,600 shares of the stock traded hands, compared to its average volume of 75,205. Systemax has a 52-week low of $14.00 and a 52-week high of $26.57. The stock has a market cap of $752.78 million, a P/E ratio of 16.66 and a beta of 0.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.66 and a quick ratio of 1.00. The stock’s fifty day moving average is $20.25 and its two-hundred day moving average is $20.95.

Systemax (NYSE:SYX) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.05). Systemax had a return on equity of 31.30% and a net margin of 4.99%. The firm had revenue of $227.30 million for the quarter, compared to the consensus estimate of $234.59 million. During the same quarter last year, the firm earned $0.29 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. As a group, equities analysts forecast that Systemax will post 1.1 EPS for the current fiscal year.

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.

Further Reading: Outperform Rating

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