GSA Capital Partners LLP Cuts Stock Holdings in Global Industrial (NYSE:GIC)

GSA Capital Partners LLP cut its stake in Global Industrial (NYSE:GIC) by 35.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,410 shares of the company’s stock after selling 3,595 shares during the period. GSA Capital Partners LLP’s holdings in Global Industrial were worth $218,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 414,924 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Global Industrial during the second quarter worth $1,017,000. Denali Advisors LLC increased its holdings in Global Industrial by 44.5% in the second quarter. Denali Advisors LLC now owns 57,122 shares of the company’s stock valued at $1,791,000 after buying an additional 17,600 shares during the last quarter. Millennium Management LLC raised its stake in Global Industrial by 79.4% in the second quarter. Millennium Management LLC now owns 126,107 shares of the company’s stock valued at $3,955,000 after buying an additional 55,801 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Global Industrial by 3.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,856 shares of the company’s stock worth $576,000 after acquiring an additional 459 shares in the last quarter. 31.19% of the stock is owned by institutional investors and hedge funds.

Global Industrial Stock Up 0.1 %

Shares of Global Industrial stock opened at $27.96 on Monday. The firm has a market capitalization of $1.07 billion, a P/E ratio of 16.45, a P/E/G ratio of 1.08 and a beta of 0.86. Global Industrial has a 52 week low of $25.00 and a 52 week high of $46.97. The firm’s 50 day moving average is $31.33 and its two-hundred day moving average is $32.47.

Global Industrial (NYSE:GIC) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.14). The firm had revenue of $342.40 million for 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 firm earned $0.54 EPS. As a group, 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 announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 11th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend was Friday, November 8th. Global Industrial’s dividend payout ratio (DPR) is 58.82%.

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.