Dimensional Fund Advisors LP Has $32.07 Million Stock Holdings in Global Industrial (NYSE:GIC)

Dimensional Fund Advisors LP increased its position in Global Industrial (NYSE:GIC) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,022,574 shares of the company’s stock after purchasing an additional 6,602 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.68% of Global Industrial worth $32,067,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. National Bank of Canada FI boosted its stake in shares of Global Industrial by 41.8% in the 2nd quarter. National Bank of Canada FI now owns 4,994 shares of the company’s stock valued at $153,000 after purchasing an additional 1,472 shares during the last quarter. Leeward Financial Partners LLC acquired a new stake in Global Industrial during the 1st quarter worth $224,000. Gallacher Capital Management LLC bought a new stake in shares of Global Industrial during the 1st quarter valued at $324,000. Quest Partners LLC acquired a new position in shares of Global Industrial in the 2nd quarter valued at $268,000. Finally, Quadrature Capital Ltd lifted its stake in shares of Global Industrial by 14.2% in the 1st quarter. Quadrature Capital Ltd now owns 8,918 shares of the company’s stock valued at $399,000 after purchasing an additional 1,106 shares during the period. 31.19% of the stock is owned by institutional investors.

Global Industrial Stock Down 1.1 %

Shares of Global Industrial stock opened at $33.61 on Wednesday. Global Industrial has a 12 month low of $30.13 and a 12 month high of $46.97. The business has a fifty day simple moving average of $33.02 and a 200 day simple moving average of $35.43. The stock has a market cap of $1.28 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 1.07 and a beta of 0.83.

Global Industrial (NYSE:GIC) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.52 EPS for the quarter, meeting analysts’ consensus estimates of $0.52. The company had revenue of $347.80 million during the quarter, compared to analysts’ expectations of $348.84 million. Global Industrial had a return on equity of 26.82% and a net margin of 5.16%. During the same period in the prior year, the business posted $0.56 EPS. Analysts expect that Global Industrial will post 1.97 EPS for the current fiscal year.

Global Industrial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were given a dividend of $0.25 per share. The ex-dividend date was Friday, August 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.98%. Global Industrial’s dividend payout ratio is 54.35%.

About Global Industrial

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.