Ameriprise Financial Inc. Has $1.03 Million Position in Global Industrial (NYSE:GIC)

Ameriprise Financial Inc. cut its holdings in shares of Global Industrial (NYSE:GIC - Free Report) by 56.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,493 shares of the company's stock after selling 53,656 shares during the period. Ameriprise Financial Inc. owned approximately 0.11% of Global Industrial worth $1,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its holdings in shares of Global Industrial by 114.0% in the fourth quarter. Jane Street Group LLC now owns 15,294 shares of the company's stock valued at $379,000 after buying an additional 8,146 shares during the period. PDT Partners LLC acquired a new position in Global Industrial in the 4th quarter worth $560,000. Northern Trust Corp increased its holdings in Global Industrial by 11.2% during the 4th quarter. Northern Trust Corp now owns 153,421 shares of the company's stock worth $3,803,000 after purchasing an additional 15,471 shares in the last quarter. Aquatic Capital Management LLC increased its holdings in Global Industrial by 152.6% during the 4th quarter. Aquatic Capital Management LLC now owns 9,348 shares of the company's stock worth $232,000 after purchasing an additional 5,648 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Global Industrial by 19.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,224 shares of the company's stock worth $427,000 after purchasing an additional 2,834 shares in the last quarter. 31.19% of the stock is owned by institutional investors and hedge funds.

Global Industrial Trading Up 0.5%

Shares of Global Industrial stock traded up $0.12 during trading on Thursday, reaching $26.88. The stock had a trading volume of 1,167 shares, compared to its average volume of 92,260. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 15.80, a P/E/G ratio of 0.93 and a beta of 0.80. Global Industrial has a 52 week low of $20.79 and a 52 week high of $36.17. The stock has a fifty day moving average price of $24.25 and a two-hundred day moving average price of $24.71.

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

Global Industrial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 12th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.87%. The ex-dividend date was Monday, May 12th. Global Industrial's dividend payout ratio (DPR) is 65.82%.

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.