Global Industrial (NYSE:GIC) Position Increased by Fmr LLC

Fmr LLC lifted its holdings in Global Industrial (NYSE:GIC) by 14.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,534,156 shares of the company’s stock after buying an additional 325,555 shares during the quarter. Fmr LLC owned approximately 6.63% of Global Industrial worth $86,085,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of GIC. Dimensional Fund Advisors LP raised its stake in Global Industrial by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,022,574 shares of the company’s stock worth $32,067,000 after acquiring an additional 6,602 shares during the period. Vanguard Group Inc. raised its position in shares of Global Industrial by 137.3% during the 1st quarter. Vanguard Group Inc. now owns 717,231 shares of the company’s stock worth $32,118,000 after purchasing an additional 414,924 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Global Industrial by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 345,174 shares of the company’s stock worth $10,825,000 after purchasing an additional 9,200 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Global Industrial by 79.4% in the 2nd quarter. Millennium Management LLC now owns 126,107 shares of the company’s stock worth $3,955,000 after purchasing an additional 55,801 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Global Industrial by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 120,803 shares of the company’s stock valued at $4,104,000 after purchasing an additional 456 shares during the period. 31.19% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Global Industrial

In other Global Industrial news, Vice Chairman Bruce Leeds sold 5,840 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $28.28, for a total transaction of $165,155.20. Following the sale, the insider now directly owns 23,675 shares in the company, valued at approximately $669,529. The trade was a 19.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 65.30% of the company’s stock.

Global Industrial Price Performance

Shares of NYSE GIC opened at $27.61 on Friday. The firm has a market capitalization of $1.06 billion, a PE ratio of 16.24, a P/E/G ratio of 1.08 and a beta of 0.86. Global Industrial has a 1-year low of $25.00 and a 1-year high of $46.97. The business’s fifty day moving average price is $30.52 and its two-hundred day moving average price is $32.11.

Global Industrial (NYSE:GIC) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.14). The firm had revenue of $342.40 million during the quarter, compared to analyst estimates of $353.44 million. Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. During the same period last year, the business earned $0.54 EPS. Equities research analysts expect that Global Industrial will post 1.62 earnings per share for the current fiscal year.

Global Industrial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 11th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.62%. Global Industrial’s dividend payout ratio (DPR) is presently 58.82%.

Global Industrial 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.