Algert Global LLC Boosts Stake in Global Industrial (NYSE:GIC)

Algert Global LLC boosted its stake in Global Industrial (NYSE:GIC) by 101.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 28,216 shares of the company’s stock after purchasing an additional 14,190 shares during the period. Algert Global LLC owned about 0.07% of Global Industrial worth $885,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GIC. Campbell & CO Investment Adviser LLC acquired a new position in Global Industrial in the 4th quarter valued at about $526,000. Leeward Financial Partners LLC acquired a new position in shares of Global Industrial in the first quarter valued at approximately $224,000. Mawer Investment Management Ltd. increased its stake in Global Industrial by 3.2% during the 1st quarter. Mawer Investment Management Ltd. now owns 2,002,426 shares of the company’s stock worth $89,669,000 after buying an additional 62,777 shares during the period. Gallacher Capital Management LLC acquired a new stake in Global Industrial during the 1st quarter worth approximately $324,000. Finally, Isthmus Partners LLC boosted its position in Global Industrial by 38.4% in the 1st quarter. Isthmus Partners LLC now owns 96,047 shares of the company’s stock valued at $4,301,000 after buying an additional 26,655 shares during the period. Hedge funds and other institutional investors own 31.19% of the company’s stock.

Global Industrial Trading Up 0.8 %

Global Industrial stock opened at $33.01 on Friday. The firm has a market capitalization of $1.26 billion, a P/E ratio of 17.94, a P/E/G ratio of 1.07 and a beta of 0.83. Global Industrial has a twelve month low of $30.13 and a twelve month high of $46.97. The stock’s fifty day simple moving average is $32.90 and its 200-day simple moving average is $35.31.

Global Industrial (NYSE:GIC) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. The company had revenue of $347.80 million for the quarter, compared to the consensus estimate of $348.84 million. Global Industrial had a return on equity of 26.82% and a net margin of 5.16%. During the same quarter in the prior year, the business earned $0.56 EPS. Sell-side analysts predict that Global Industrial will post 1.97 earnings per share for the current year.

Global Industrial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 12th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.00 annualized dividend and a yield of 3.03%. Global Industrial’s dividend payout ratio (DPR) is 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.