D. E. Shaw & Co. Inc. Purchases 44,764 Shares of Global Industrial (NYSE:GIC)

D. E. Shaw & Co. Inc. raised its holdings in Global Industrial (NYSE:GIC - Free Report) by 574.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 52,555 shares of the company's stock after buying an additional 44,764 shares during the period. D. E. Shaw & Co. Inc. owned 0.14% of Global Industrial worth $1,303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GIC. JPMorgan Chase & Co. raised its stake in shares of Global Industrial by 39.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 46,005 shares of the company's stock worth $1,563,000 after purchasing an additional 13,105 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in Global Industrial by 26.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 11,465 shares of the company's stock valued at $284,000 after acquiring an additional 2,364 shares during the last quarter. Rhumbline Advisers grew its position in shares of Global Industrial by 102.0% in the 4th quarter. Rhumbline Advisers now owns 38,697 shares of the company's stock valued at $959,000 after acquiring an additional 19,543 shares during the period. New York State Common Retirement Fund raised its holdings in shares of Global Industrial by 34.6% in the 4th quarter. New York State Common Retirement Fund now owns 37,772 shares of the company's stock valued at $936,000 after purchasing an additional 9,700 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Global Industrial by 65.6% during the fourth quarter. Bank of New York Mellon Corp now owns 319,282 shares of the company's stock worth $7,915,000 after buying an additional 126,431 shares during the last quarter. 31.19% of the stock is owned by institutional investors.

Global Industrial Trading Down 0.7%

Shares of NYSE:GIC traded down $0.19 during trading on Wednesday, reaching $26.51. 1,182 shares of the stock were exchanged, compared to its average volume of 92,238. Global Industrial has a 12 month low of $20.79 and a 12 month high of $36.17. The stock has a 50-day moving average price of $23.82 and a 200-day moving average price of $24.75. The firm has a market cap of $1.02 billion, a PE ratio of 15.64, a PEG ratio of 0.93 and a beta of 0.82.

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 (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.15. The business had revenue of $321.00 million during the quarter, compared to analysts' expectations of $307.15 million. Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. On average, sell-side analysts expect that Global Industrial will post 1.59 earnings per share for the current fiscal year.

Global Industrial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date was Monday, May 12th. Global Industrial's payout ratio is 65.82%.

About Global Industrial

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.