15,800 Shares in Global Industrial Company $GIC Acquired by Jump Financial LLC

Jump Financial LLC purchased a new stake in shares of Global Industrial Company (NYSE:GIC - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,800 shares of the company's stock, valued at approximately $354,000.

Other large investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position in shares of Global Industrial by 340.7% during 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 in the last quarter. CWM LLC lifted its position in shares of Global Industrial by 187.7% during 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 in the last quarter. GAMMA Investing LLC lifted its position in shares of Global Industrial by 1,600.0% during the first quarter. GAMMA Investing LLC now owns 2,397 shares of the company's stock valued at $54,000 after purchasing an additional 2,256 shares in the last quarter. US Bancorp DE lifted its position in shares of Global Industrial by 954.3% during the first quarter. US Bancorp DE now owns 3,068 shares of the company's stock valued at $69,000 after purchasing an additional 2,777 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in Global Industrial by 25.8% in the first quarter. Quantbot Technologies LP now owns 4,548 shares of the company's stock worth $102,000 after acquiring an additional 934 shares during the period. 31.19% of the stock is owned by institutional investors.

Global Industrial Stock Performance

GIC stock traded down $0.31 during mid-day trading on Friday, hitting $37.91. The company had a trading volume of 163,834 shares, compared to its average volume of 121,210. The firm has a market cap of $1.45 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 1.21 and a beta of 0.84. Global Industrial Company has a 12 month low of $20.79 and a 12 month high of $38.53. The stock's fifty day moving average price is $32.22 and its two-hundred day moving average price is $27.14.

Global Industrial (NYSE:GIC - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.65 earnings per share (EPS) for the quarter, beating 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 company had revenue of $358.90 million for the quarter, compared to analyst estimates of $351.81 million. Equities analysts anticipate that Global Industrial Company will post 1.59 earnings per share for the current year.

Global Industrial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, August 11th were given a $0.26 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.04 annualized dividend and a dividend yield of 2.7%. Global Industrial's payout ratio is 60.82%.

Wall Street Analysts Forecast Growth

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

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.