Bank of New York Mellon Corp trimmed its position in Global Industrial Company (NYSE:GIC - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 306,556 shares of the company's stock after selling 12,726 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.80% of Global Industrial worth $6,867,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in shares of Global Industrial by 135.5% during the first quarter. SG Americas Securities LLC now owns 18,780 shares of the company's stock worth $421,000 after purchasing an additional 10,806 shares during the period. GAMMA Investing LLC lifted its stake in Global Industrial by 1,600.0% in the first quarter. GAMMA Investing LLC now owns 2,397 shares of the company's stock valued at $54,000 after acquiring an additional 2,256 shares during the last quarter. Amiral Gestion acquired a new stake in Global Industrial in the fourth quarter valued at approximately $992,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Global Industrial by 50.9% in 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 acquiring an additional 14,999 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in Global Industrial by 24.7% in the fourth quarter. Two Sigma Investments LP now owns 68,842 shares of the company's stock valued at $1,707,000 after acquiring an additional 13,630 shares during the last quarter. 31.19% of the stock is currently owned by institutional investors and hedge funds.
Global Industrial Trading Up 0.5%
NYSE GIC traded up $0.13 during trading on Friday, reaching $27.48. The company's stock had a trading volume of 61,019 shares, compared to its average volume of 61,522. The stock has a market capitalization of $1.05 billion, a PE ratio of 17.39, a PEG ratio of 1.02 and a beta of 0.80. The business has a 50-day moving average price of $27.12 and a 200-day moving average price of $24.91. Global Industrial Company has a 1-year low of $20.79 and a 1-year high of $36.17.
Global Industrial (NYSE:GIC - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.15. The firm had revenue of $321.00 million during the quarter, compared to analysts' expectations of $307.15 million. Global Industrial had a net margin of 4.67% and a return on equity of 21.85%. As a group, analysts expect that Global Industrial Company will post 1.59 earnings per share for the current year.
Global Industrial Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend was Monday, May 12th. Global Industrial's dividend payout ratio is 65.82%.
About Global Industrial
(
Free Report)
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.
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