BNP Paribas Financial Markets Invests $1.39 Million in Global Industrial (NYSE:GIC)

BNP Paribas Financial Markets acquired a new position in shares of Global Industrial (NYSE:GIC - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 56,131 shares of the company's stock, valued at approximately $1,391,000. BNP Paribas Financial Markets owned 0.15% of Global Industrial at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Tower Research Capital LLC TRC raised its holdings in Global Industrial by 340.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,560 shares of the company's stock valued at $39,000 after buying an additional 1,206 shares during the period. New Age Alpha Advisors LLC purchased a new position in Global Industrial in the fourth quarter valued at approximately $50,000. Quantbot Technologies LP raised its holdings in Global Industrial by 150.3% in the fourth quarter. Quantbot Technologies LP now owns 3,614 shares of the company's stock valued at $90,000 after buying an additional 2,170 shares during the period. Wells Fargo & Company MN raised its holdings in Global Industrial by 44.4% in the fourth quarter. Wells Fargo & Company MN now owns 7,058 shares of the company's stock valued at $175,000 after buying an additional 2,170 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in Global Industrial by 13.6% in the fourth quarter. MetLife Investment Management LLC now owns 8,215 shares of the company's stock valued at $204,000 after buying an additional 982 shares during the period. 31.19% of the stock is currently owned by hedge funds and other institutional investors.

Global Industrial Stock Performance

NYSE GIC opened at $27.38 on Tuesday. Global Industrial has a one year low of $20.79 and a one year high of $36.17. The company's 50 day moving average price is $23.34 and its 200 day moving average price is $24.80. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 0.93 and a beta of 0.82.

Global Industrial (NYSE:GIC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.35 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $307.15 million. Sell-side analysts forecast that Global Industrial will post 1.59 EPS for the current fiscal year.

Global Industrial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 12th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Monday, May 12th. Global Industrial's dividend payout ratio (DPR) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.