Global Industrial (NYSE:GIC) Stake Trimmed by Millennium Management LLC

Millennium Management LLC lessened its holdings in shares of Global Industrial (NYSE:GIC - Free Report) by 71.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 31,650 shares of the company's stock after selling 80,620 shares during the quarter. Millennium Management LLC owned about 0.08% of Global Industrial worth $785,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. MetLife Investment Management LLC lifted its holdings in Global Industrial by 13.6% in the fourth quarter. MetLife Investment Management LLC now owns 8,215 shares of the company's stock worth $204,000 after purchasing an additional 982 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Global Industrial by 340.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,560 shares of the company's stock worth $39,000 after buying an additional 1,206 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Global Industrial by 3.6% in the 4th quarter. Bank of America Corp DE now owns 41,710 shares of the company's stock worth $1,034,000 after acquiring an additional 1,443 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of Global Industrial in the fourth quarter valued at approximately $50,000. Finally, Quantbot Technologies LP increased its stake in shares of Global Industrial by 150.3% during 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 during the period. Institutional investors own 31.19% of the company's stock.

Global Industrial Trading Up 1.6%

NYSE:GIC traded up $0.44 during midday trading on Tuesday, hitting $27.45. 70,960 shares of the stock were exchanged, compared to its average volume of 92,839. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 16.15, a P/E/G ratio of 0.93 and a beta of 0.80. Global Industrial has a one year low of $20.79 and a one year high of $36.17. The business has a 50-day moving average price of $24.63 and a two-hundred day moving average price of $24.68.

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 company had revenue of $321.00 million for 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%. Sell-side analysts forecast that Global Industrial will post 1.59 EPS for the current fiscal year.

Global Industrial Dividend Announcement

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. This represents a $1.04 annualized dividend and a yield of 3.79%. The ex-dividend date was Monday, May 12th. Global Industrial's dividend payout ratio (DPR) is presently 65.82%.

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.