Quadrature Capital Ltd Sells 4,065 Shares of Global Industrial (NYSE:GIC)

Quadrature Capital Ltd decreased its position in shares of Global Industrial (NYSE:GIC) by 34.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,812 shares of the company’s stock after selling 4,065 shares during the period. Quadrature Capital Ltd’s holdings in Global Industrial were worth $304,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its stake in Global Industrial by 9.8% during the 3rd quarter. Acadian Asset Management LLC now owns 23,840 shares of the company’s stock worth $798,000 after acquiring an additional 2,128 shares during the period. Los Angeles Capital Management LLC raised its stake in Global Industrial by 175.9% during the 4th quarter. Los Angeles Capital Management LLC now owns 44,730 shares of the company’s stock worth $1,737,000 after acquiring an additional 28,520 shares during the period. FMR LLC grew its holdings in Global Industrial by 520.0% during the 3rd quarter. FMR LLC now owns 409,721 shares of the company’s stock valued at $13,726,000 after buying an additional 343,633 shares in the last quarter. Jump Financial LLC grew its holdings in Global Industrial by 94.1% during the 4th quarter. Jump Financial LLC now owns 11,841 shares of the company’s stock valued at $460,000 after buying an additional 5,741 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Global Industrial by 1.8% during the 3rd quarter. Hsbc Holdings PLC now owns 31,061 shares of the company’s stock valued at $1,040,000 after buying an additional 537 shares in the last quarter. Institutional investors own 31.19% of the company’s stock.

Global Industrial Price Performance

Shares of GIC opened at $31.18 on Wednesday. Global Industrial has a 1 year low of $26.36 and a 1 year high of $46.97. The company has a 50 day simple moving average of $35.22 and a two-hundred day simple moving average of $39.63. The firm has a market cap of $1.19 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 1.03 and a beta of 0.87.

Global Industrial (NYSE:GIC) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). Global Industrial had a net margin of 5.34% and a return on equity of 28.39%. The company had revenue of $323.40 million for the quarter, compared to analysts’ expectations of $322.27 million. On average, sell-side analysts anticipate that Global Industrial will post 1.93 earnings per share for the current year.

Global Industrial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 13th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend was Friday, May 10th. Global Industrial’s dividend payout ratio (DPR) is currently 54.35%.

Global Industrial Company Profile

Global Industrial Company operates as an industrial distributor of various industrial and maintenance, repair, and operation (MRO) products in North America. It offers storage and shelving, safety and security, carts and trucks, HVAC and fans, furniture and decor, material handling, janitorial and facility maintenance, workbenches and shop desks, tools and instruments, plumbing and pumps, office and school supplies, packaging and shipping, lighting and electrical, foodservice and retail, medical and laboratory, motors and power transmission, building supplies, machining, fasteners and hardware, vehicle maintenance, and raw materials.