Denali Advisors LLC Raises Holdings in Global Industrial Company (NYSE:GIC)

Denali Advisors LLC lifted its holdings in shares of Global Industrial Company (NYSE:GIC - Free Report) by 54.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 165,779 shares of the company's stock after acquiring an additional 58,479 shares during the period. Denali Advisors LLC owned approximately 0.43% of Global Industrial worth $3,713,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Isthmus Partners LLC boosted its holdings in shares of Global Industrial by 4.9% in the first quarter. Isthmus Partners LLC now owns 86,382 shares of the company's stock valued at $1,935,000 after buying an additional 4,022 shares during the period. CWM LLC raised its position in shares of Global Industrial by 187.7% in the first quarter. CWM LLC now owns 1,614 shares of the company's stock valued at $36,000 after purchasing an additional 1,053 shares during the period. New York State Common Retirement Fund increased its position in Global Industrial by 41.8% during the first quarter. New York State Common Retirement Fund now owns 53,572 shares of the company's stock worth $1,200,000 after acquiring an additional 15,800 shares during the period. SG Americas Securities LLC increased its position in 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 acquiring an additional 10,806 shares during the period. Finally, GAMMA Investing LLC grew its stake in Global Industrial by 1,600.0% during the first quarter. GAMMA Investing LLC now owns 2,397 shares of the company's stock worth $54,000 after buying an additional 2,256 shares in the last quarter. 31.19% of the stock is owned by institutional investors.

Global Industrial Price Performance

Shares of NYSE:GIC traded up $0.58 during mid-day trading on Tuesday, hitting $27.47. The company had a trading volume of 75,390 shares, compared to its average volume of 92,477. The firm has a fifty day moving average price of $27.08 and a 200 day moving average price of $24.81. The company has a market capitalization of $1.05 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 1.00 and a beta of 0.80. Global Industrial Company has a one year low of $20.79 and a one year high of $36.17.

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 for the quarter, topping analysts' consensus estimates of $0.20 by $0.15. Global Industrial had a net margin of 4.67% and a return on equity of 21.85%. The company had revenue of $321.00 million for the quarter, compared to the consensus estimate of $307.15 million. Research analysts expect that Global Industrial Company will post 1.59 earnings per share 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 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 yield of 3.79%. 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.