Denali Advisors LLC Buys 58,479 Shares of Global Industrial Company (NYSE:GIC)

Denali Advisors LLC raised its stake in shares of Global Industrial Company (NYSE:GIC - Free Report) by 54.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 165,779 shares of the company's stock after purchasing an additional 58,479 shares during the period. Denali Advisors LLC owned 0.43% of Global Industrial worth $3,713,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. J. Goldman & Co LP lifted its position in Global Industrial by 559.7% in the fourth quarter. J. Goldman & Co LP now owns 494,650 shares of the company's stock worth $12,262,000 after purchasing an additional 419,672 shares during the period. Raymond James Financial Inc. bought a new position in Global Industrial in the fourth quarter worth $4,001,000. JPMorgan Chase & Co. lifted its position in Global Industrial by 139.0% in the fourth quarter. JPMorgan Chase & Co. now owns 109,941 shares of the company's stock worth $2,725,000 after purchasing an additional 63,936 shares during the period. Numerai GP LLC bought a new position in Global Industrial in the fourth quarter worth $1,506,000. Finally, BNP Paribas Financial Markets bought a new position in Global Industrial in the fourth quarter worth $1,391,000. Institutional investors and hedge funds own 31.19% of the company's stock.

Global Industrial Stock Performance

Shares of NYSE GIC traded down $0.06 during midday trading on Friday, reaching $26.94. 47,676 shares of the company traded hands, compared to its average volume of 92,496. The firm has a market cap of $1.03 billion, a PE ratio of 17.05, a PEG ratio of 1.00 and a beta of 0.80. The stock's 50-day simple moving average is $27.08 and its 200-day simple moving average is $24.80. Global Industrial Company has a 12 month low of $20.79 and a 12 month high of $36.17.

Global Industrial (NYSE:GIC - Get Free Report) last issued its quarterly earnings data 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 return on equity of 21.85% and a net margin of 4.67%. The company had revenue of $321.00 million during the quarter, compared to analysts' expectations of $307.15 million. On average, equities research analysts expect that Global Industrial Company will post 1.59 EPS for the current year.

Global Industrial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were issued a $0.26 dividend. 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 3.86%. Global Industrial's dividend 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.