Eaton Financial Holdings Company LLC Sells 14,284 Shares of Global Industrial Company $GIC

Key Points

• Eaton Financial Holdings Company LLC reduced its stake in Global Industrial Company by 42.9% during the first quarter, selling 14,284 shares, and now holds 19,000 shares valued at $426,000.
• The company's stock performance showed a 52-week range between $20.79 and $36.43, with a recent opening price at $34.93 and a market cap of $1.34 billion.
• Global Industrial recently announced a quarterly dividend of $0.26 per share, resulting in an annualized yield of 3.0% and a payout ratio of 60.82%.

Eaton Financial Holdings Company LLC decreased its position in Global Industrial Company (NYSE:GIC - Free Report) by 42.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,000 shares of the company's stock after selling 14,284 shares during the period. Eaton Financial Holdings Company LLC's holdings in Global Industrial were worth $426,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC boosted its stake in Global Industrial by 4.8% in the 4th quarter. Nuveen Asset Management LLC now owns 57,688 shares of the company's stock worth $1,430,000 after purchasing an additional 2,645 shares during the period. GAMMA Investing LLC boosted its stake in Global Industrial by 1,600.0% in the 1st quarter. GAMMA Investing LLC now owns 2,397 shares of the company's stock worth $54,000 after purchasing an additional 2,256 shares during the period. SG Americas Securities LLC boosted its stake in Global Industrial by 135.5% in the 1st 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Global Industrial by 50.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,446 shares of the company's stock worth $1,102,000 after purchasing an additional 14,999 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Global Industrial by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 319,056 shares of the company's stock worth $7,912,000 after purchasing an additional 2,973 shares during the period. 31.19% of the stock is owned by institutional investors and hedge funds.

Global Industrial Price Performance

NYSE:GIC traded down $0.6450 on Wednesday, hitting $35.3350. 50,929 shares of the company's stock were exchanged, compared to its average volume of 107,317. The firm has a 50-day moving average price of $29.57 and a 200-day moving average price of $25.97. Global Industrial Company has a 52 week low of $20.79 and a 52 week high of $36.43. The company has a market cap of $1.36 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 1.14 and a beta of 0.80.

Global Industrial (NYSE:GIC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.50 by $0.15. Global Industrial had a net margin of 5.00% and a return on equity of 22.89%. The firm had revenue of $358.90 million for the quarter, compared to analysts' expectations of $351.81 million. On average, research analysts expect that Global Industrial Company will post 1.59 earnings per share for the current fiscal year.

Global Industrial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 11th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.04 annualized dividend and a yield of 2.9%. Global Industrial's payout ratio is 60.82%.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Global Industrial from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd.

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.