Quantbot Technologies LP Increases Stock Holdings in Global Industrial (NYSE:GIC)

Quantbot Technologies LP boosted its stake in Global Industrial (NYSE:GIC) by 150.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,614 shares of the company’s stock after acquiring an additional 2,170 shares during the quarter. Quantbot Technologies LP’s holdings in Global Industrial were worth $90,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GIC. Semanteon Capital Management LP acquired a new position in shares of Global Industrial during the fourth quarter worth $219,000. Exchange Traded Concepts LLC increased its stake in Global Industrial by 26.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 11,465 shares of the company’s stock worth $284,000 after buying an additional 2,364 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Global Industrial by 9.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 8,808 shares of the company’s stock worth $299,000 after buying an additional 786 shares in the last quarter. Eaton Financial Holdings Company LLC purchased a new position in Global Industrial in the 4th quarter valued at about $825,000. Finally, New York State Common Retirement Fund boosted its position in Global Industrial by 34.6% in the 4th quarter. New York State Common Retirement Fund now owns 37,772 shares of the company’s stock valued at $936,000 after buying an additional 9,700 shares during the last quarter. Institutional investors and hedge funds own 31.19% of the company’s stock.

Global Industrial Stock Performance

Shares of NYSE GIC opened at $22.41 on Tuesday. Global Industrial has a 1 year low of $22.09 and a 1 year high of $45.69. The stock’s 50-day simple moving average is $23.80 and its 200-day simple moving average is $27.14. The firm has a market cap of $858.55 million, a price-to-earnings ratio of 13.18, a PEG ratio of 0.93 and a beta of 0.85.

Global Industrial (NYSE:GIC) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.03). The business had revenue of $302.30 million for the quarter, compared to analysts’ expectations of $306.07 million. Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. As a group, research analysts predict that Global Industrial will post 1.59 EPS for the current year.

Global Industrial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.64%. This is an increase from Global Industrial’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 10th. Global Industrial’s dividend payout ratio is 66.24%.

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.