Barclays PLC Acquires 21,097 Shares of Global Industrial (NYSE:GIC)

Barclays PLC grew its stake in shares of Global Industrial (NYSE:GIC) by 221.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,622 shares of the company’s stock after buying an additional 21,097 shares during the period. Barclays PLC owned 0.08% of Global Industrial worth $1,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Rhumbline Advisers lifted its position in shares of Global Industrial by 2.1% in the second quarter. Rhumbline Advisers now owns 19,749 shares of the company’s stock worth $619,000 after buying an additional 397 shares in the last quarter. Acadian Asset Management LLC increased its stake in Global Industrial by 17.9% in the 2nd quarter. Acadian Asset Management LLC now owns 20,088 shares of the company’s stock worth $629,000 after acquiring an additional 3,048 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Global Industrial by 0.6% during the 2nd 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 in the last quarter. Renaissance Technologies LLC boosted its position in shares of Global Industrial by 2.7% during the 2nd quarter. Renaissance Technologies LLC now owns 345,174 shares of the company’s stock valued at $10,825,000 after acquiring an additional 9,200 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new position in shares of Global Industrial in the second quarter valued at $1,017,000. Hedge funds and other institutional investors own 31.19% of the company’s stock.

Global Industrial Stock Performance

Shares of GIC opened at $24.49 on Wednesday. Global Industrial has a fifty-two week low of $23.09 and a fifty-two week high of $46.97. The company’s fifty day moving average is $26.61 and its 200 day moving average is $30.51. The stock has a market capitalization of $936.28 million, a PE ratio of 14.41, a P/E/G ratio of 1.04 and a beta of 0.88.

Global Industrial (NYSE:GIC) last posted its earnings results 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). Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. The business had revenue of $342.40 million during the quarter, compared to the consensus estimate of $353.44 million. During the same quarter last year, the firm earned $0.54 earnings per share. As a group, research analysts forecast that Global Industrial will post 1.62 earnings per share for the current year.

Global Industrial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 11th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.08%. The ex-dividend date was Friday, November 8th. Global Industrial’s payout ratio is 58.82%.

Insider Transactions at Global Industrial

In other news, Vice Chairman Bruce Leeds sold 5,840 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 23,675 shares in the company, valued at approximately $669,529. This trade represents a 19.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 65.30% of the company’s stock.

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.