Global Industrial (NYSE:GIC) Shares Sold by GoodHaven Capital Management LLC

GoodHaven Capital Management LLC lessened its holdings in Global Industrial (NYSE:GIC - Free Report) by 61.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,965 shares of the company's stock after selling 53,841 shares during the quarter. Global Industrial makes up about 0.3% of GoodHaven Capital Management LLC's investment portfolio, making the stock its 21st largest holding. GoodHaven Capital Management LLC owned about 0.09% of Global Industrial worth $761,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. J. Goldman & Co LP increased 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 buying an additional 419,672 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Global Industrial by 65.6% in the 4th quarter. Bank of New York Mellon Corp now owns 319,282 shares of the company's stock worth $7,915,000 after acquiring an additional 126,431 shares during the period. Geode Capital Management LLC lifted its position in Global Industrial by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 319,056 shares of the company's stock valued at $7,912,000 after purchasing an additional 2,973 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Global Industrial during the 4th quarter valued at about $4,001,000. Finally, Northern Trust Corp boosted its stake in Global Industrial by 11.2% during the 4th quarter. Northern Trust Corp now owns 153,421 shares of the company's stock valued at $3,803,000 after purchasing an additional 15,471 shares during the period. Institutional investors and hedge funds own 31.19% of the company's stock.

Global Industrial Trading Up 0.1%

Shares of NYSE:GIC opened at $27.11 on Monday. The firm's 50 day moving average is $24.43 and its two-hundred day moving average is $24.67. Global Industrial has a 52 week low of $20.79 and a 52 week high of $36.17. The firm has a market capitalization of $1.04 billion, a P/E ratio of 15.95, a PEG ratio of 0.93 and a beta of 0.80.

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, topping analysts' consensus estimates of $0.20 by $0.15. The business 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 24.53% and a net margin of 4.92%. Analysts predict that Global Industrial 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. Stockholders of record on Monday, May 12th were paid a $0.26 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.04 annualized dividend and a dividend yield of 3.84%. 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.

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