Amiral Gestion Makes New Investment in Global Industrial (NYSE:GIC)

Amiral Gestion acquired a new stake in Global Industrial (NYSE:GIC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 40,000 shares of the company's stock, valued at approximately $992,000. Global Industrial accounts for approximately 0.6% of Amiral Gestion's holdings, making the stock its 19th largest holding. Amiral Gestion owned about 0.10% of Global Industrial at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Global Industrial by 39.8% during the third quarter. JPMorgan Chase & Co. now owns 46,005 shares of the company's stock worth $1,563,000 after acquiring an additional 13,105 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Global Industrial by 26.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 11,465 shares of the company's stock worth $284,000 after purchasing an additional 2,364 shares during the last quarter. Rhumbline Advisers lifted its holdings in Global Industrial by 102.0% during the 4th quarter. Rhumbline Advisers now owns 38,697 shares of the company's stock worth $959,000 after purchasing an additional 19,543 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Global Industrial by 34.6% in the 4th quarter. New York State Common Retirement Fund now owns 37,772 shares of the company's stock valued at $936,000 after purchasing an additional 9,700 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Global Industrial by 65.6% in the 4th quarter. Bank of New York Mellon Corp now owns 319,282 shares of the company's stock valued at $7,915,000 after buying an additional 126,431 shares in the last quarter. Institutional investors and hedge funds own 31.19% of the company's stock.

Global Industrial Trading Up 1.8%

GIC stock traded up $0.48 during trading hours on Tuesday, hitting $26.68. 83,719 shares of the stock were exchanged, compared to its average volume of 92,598. 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 $1.02 billion, a P/E ratio of 15.69, a P/E/G ratio of 0.93 and a beta of 0.82. The company has a 50-day simple moving average of $23.74 and a two-hundred day simple moving average of $24.74.

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

Global Industrial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend was Monday, May 12th. Global Industrial's dividend payout ratio is 65.82%.

Global Industrial Company 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.