Dimensional Fund Advisors LP Decreases Stock Position in Global Industrial (NYSE:GIC)

Dimensional Fund Advisors LP cut its holdings in Global Industrial (NYSE:GIC - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,012,878 shares of the company's stock after selling 14,505 shares during the period. Dimensional Fund Advisors LP owned about 2.65% of Global Industrial worth $25,109,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. New Age Alpha Advisors LLC bought a new position in shares of Global Industrial in the fourth quarter valued at approximately $50,000. Quantbot Technologies LP grew its holdings in Global Industrial by 150.3% during the fourth quarter. Quantbot Technologies LP now owns 3,614 shares of the company's stock valued at $90,000 after purchasing an additional 2,170 shares during the period. Wells Fargo & Company MN grew its holdings in Global Industrial by 44.4% during the fourth quarter. Wells Fargo & Company MN now owns 7,058 shares of the company's stock valued at $175,000 after purchasing an additional 2,170 shares during the period. Semanteon Capital Management LP bought a new position in Global Industrial during the fourth quarter valued at $219,000. Finally, Sei Investments Co. grew its holdings in Global Industrial by 42.4% during the fourth quarter. Sei Investments Co. now owns 8,884 shares of the company's stock valued at $220,000 after purchasing an additional 2,645 shares during the period. 31.19% of the stock is owned by institutional investors.

Global Industrial Stock Performance

NYSE GIC traded up $0.75 on Monday, hitting $26.30. 2,069 shares of the stock traded hands, compared to its average volume of 92,393. The business's fifty day moving average is $22.91 and its two-hundred day moving average is $24.92. Global Industrial has a 12 month low of $20.79 and a 12 month high of $36.17. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 0.93 and a beta of 0.82.

Global Industrial (NYSE:GIC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.15. Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. The firm had revenue of $321.00 million during the quarter, compared to analyst estimates of $307.15 million. Analysts expect that Global Industrial will post 1.59 EPS for the current fiscal year.

Global Industrial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Monday, May 12th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, May 12th. This represents a $1.04 dividend on an annualized basis and a yield of 3.95%. Global Industrial's payout ratio is 65.82%.

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.