Amiral Gestion Invests $992,000 in Global Industrial (NYSE:GIC)

Amiral Gestion bought a new position in shares of Global Industrial (NYSE:GIC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 40,000 shares of the company's stock, valued at approximately $992,000. Global Industrial accounts for about 0.6% of Amiral Gestion's investment portfolio, making the stock its 19th largest position. Amiral Gestion owned approximately 0.10% of Global Industrial at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Global Industrial by 50.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,446 shares of the company's stock valued at $1,102,000 after purchasing an additional 14,999 shares during the period. Two Sigma Investments LP lifted its stake in shares of Global Industrial by 24.7% during the 4th quarter. Two Sigma Investments LP now owns 68,842 shares of the company's stock valued at $1,707,000 after buying an additional 13,630 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Global Industrial by 4.8% during the 4th quarter. Nuveen Asset Management LLC now owns 57,688 shares of the company's stock valued at $1,430,000 after buying an additional 2,645 shares in the last quarter. Numerai GP LLC bought a new position in shares of Global Industrial in the fourth quarter worth $1,506,000. Finally, Lazard Asset Management LLC boosted its holdings in shares of Global Industrial by 14.3% in the fourth quarter. Lazard Asset Management LLC now owns 32,595 shares of the company's stock worth $808,000 after acquiring an additional 4,068 shares during the period. Institutional investors own 31.19% of the company's stock.

Global Industrial Price Performance

Shares of Global Industrial stock traded down $0.09 during trading hours on Thursday, reaching $26.22. The company had a trading volume of 9,702 shares, compared to its average volume of 92,095. Global Industrial has a one year low of $20.79 and a one year high of $36.17. The business has a fifty day simple moving average of $23.89 and a 200 day simple moving average of $24.76. The firm has a market cap of $1.01 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 0.93 and a beta of 0.82.

Global Industrial (NYSE:GIC - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.20 by $0.15. The firm had revenue of $321.00 million for 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, research analysts forecast that Global Industrial will post 1.59 EPS for the current year.

Global Industrial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 12th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.97%. Global Industrial's dividend payout ratio (DPR) 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.