New York State Common Retirement Fund Buys 15,800 Shares of Global Industrial Company (NYSE:GIC)

New York State Common Retirement Fund increased its position in shares of Global Industrial Company (NYSE:GIC - Free Report) by 41.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,572 shares of the company's stock after acquiring an additional 15,800 shares during the quarter. New York State Common Retirement Fund owned about 0.14% of Global Industrial worth $1,200,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GIC. Tower Research Capital LLC TRC increased its holdings in shares of 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 purchasing an additional 1,206 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Global Industrial in the fourth quarter valued at about $50,000. GAMMA Investing LLC grew its stake in shares of Global Industrial by 1,600.0% in the first quarter. GAMMA Investing LLC now owns 2,397 shares of the company's stock valued at $54,000 after acquiring an additional 2,256 shares in the last quarter. Quantbot Technologies LP grew its stake in shares of 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 acquiring an additional 2,170 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of 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 acquiring an additional 2,170 shares in the last quarter. Institutional investors own 31.19% of the company's stock.

Global Industrial Price Performance

Shares of NYSE GIC traded up $0.13 during mid-day trading on Friday, reaching $27.48. 61,019 shares of the company's stock were exchanged, compared to its average volume of 61,522. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 1.01 and a beta of 0.80. Global Industrial Company has a 52 week low of $20.79 and a 52 week high of $36.17. The firm has a 50-day moving average price of $27.12 and a two-hundred day moving average price of $24.91.

Global Industrial (NYSE:GIC - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.15. The firm had revenue of $321.00 million during the quarter, compared to analyst estimates of $307.15 million. Global Industrial had a return on equity of 21.85% and a net margin of 4.67%. As a group, sell-side analysts forecast that Global Industrial Company will post 1.59 EPS for the current fiscal year.

Global Industrial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 12th were given a $0.26 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.04 annualized dividend and a yield of 3.79%. Global Industrial's payout ratio is presently 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.