BNP Paribas Financial Markets Purchases New Shares in Global Industrial (NYSE:GIC)

BNP Paribas Financial Markets bought a new stake in shares of Global Industrial (NYSE:GIC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 56,131 shares of the company's stock, valued at approximately $1,391,000. BNP Paribas Financial Markets owned about 0.15% of Global Industrial as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GIC. JPMorgan Chase & Co. lifted its position in Global Industrial by 39.8% during the third quarter. JPMorgan Chase & Co. now owns 46,005 shares of the company's stock valued at $1,563,000 after acquiring an additional 13,105 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in Global Industrial by 26.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 11,465 shares of the company's stock valued at $284,000 after acquiring an additional 2,364 shares during the last quarter. Rhumbline Advisers lifted its position in Global Industrial by 102.0% during the fourth quarter. Rhumbline Advisers now owns 38,697 shares of the company's stock valued at $959,000 after acquiring an additional 19,543 shares during the last quarter. New York State Common Retirement Fund lifted its position in Global Industrial by 34.6% during the fourth quarter. New York State Common Retirement Fund now owns 37,772 shares of the company's stock valued at $936,000 after acquiring an additional 9,700 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Global Industrial by 65.6% during the fourth quarter. Bank of New York Mellon Corp now owns 319,282 shares of the company's stock valued at $7,915,000 after acquiring an additional 126,431 shares during the last quarter. Hedge funds and other institutional investors own 31.19% of the company's stock.

Global Industrial Price Performance

Global Industrial stock traded down $0.17 during mid-day trading on Friday, reaching $26.21. 50,085 shares of the company traded hands, compared to its average volume of 92,633. Global Industrial has a fifty-two week low of $20.79 and a fifty-two week high of $36.17. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 0.93 and a beta of 0.82. The firm's fifty day moving average is $23.67 and its two-hundred day moving average is $24.75.

Global Industrial (NYSE:GIC - Get Free Report) last issued its quarterly 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. Global Industrial had a net margin of 4.92% and a return on equity of 24.53%. The business had revenue of $321.00 million for the quarter, compared to analyst estimates of $307.15 million. As a group, equities research analysts predict that Global Industrial will post 1.59 earnings per share for the current 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 paid 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 yield of 3.97%. Global Industrial's payout ratio 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.