Jane Street Group LLC Sells 23,958 Shares of Global Industrial (NYSE:GIC)

Jane Street Group LLC trimmed its stake in shares of Global Industrial (NYSE:GIC) by 77.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,148 shares of the company’s stock after selling 23,958 shares during the quarter. Jane Street Group LLC’s holdings in Global Industrial were worth $243,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Copeland Capital Management LLC bought a new stake in shares of Global Industrial in the third quarter valued at about $61,000. Point72 Asset Management L.P. grew its stake in Global Industrial by 173.0% during the second quarter. Point72 Asset Management L.P. now owns 3,549 shares of the company’s stock worth $111,000 after buying an additional 2,249 shares in the last quarter. National Bank of Canada FI grew its stake in Global Industrial by 41.8% during the second quarter. National Bank of Canada FI now owns 4,994 shares of the company’s stock worth $153,000 after buying an additional 1,472 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Global Industrial by 12.9% during the second quarter. The Manufacturers Life Insurance Company now owns 8,022 shares of the company’s stock worth $252,000 after buying an additional 919 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Global Industrial during the third quarter worth about $281,000. Institutional investors own 31.19% of the company’s stock.

Insider Transactions at Global Industrial

In related news, Vice Chairman Bruce Leeds sold 5,840 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $28.28, for a total value of $165,155.20. Following the completion of the transaction, the insider now owns 23,675 shares in the company, valued at $669,529. This trade represents a 19.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 65.30% of the company’s stock.

Global Industrial Stock Down 4.6 %

Shares of Global Industrial stock opened at $23.39 on Friday. The company has a market capitalization of $894.22 million, a price-to-earnings ratio of 13.76, a PEG ratio of 1.04 and a beta of 0.88. Global Industrial has a 12-month low of $23.09 and a 12-month high of $46.97. The firm’s 50-day moving average price is $26.71 and its two-hundred day moving average price is $30.61.

Global Industrial (NYSE:GIC) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the company earned $0.54 earnings per share. On average, sell-side analysts expect that Global Industrial will post 1.62 earnings per share for the current year.

Global Industrial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.28%. Global Industrial’s dividend payout ratio (DPR) is currently 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.