Global Industrial Company (NYSE:GIC) Holdings Lowered by Rhumbline Advisers

Rhumbline Advisers lowered its holdings in Global Industrial Company (NYSE:GIC - Free Report) by 47.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,286 shares of the company's stock after selling 18,411 shares during the period. Rhumbline Advisers owned about 0.05% of Global Industrial worth $454,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. New York State Common Retirement Fund lifted its position in shares of Global Industrial by 34.6% during the fourth quarter. New York State Common Retirement Fund now owns 37,772 shares of the company's stock worth $936,000 after purchasing an additional 9,700 shares during the last quarter. Nuveen Asset Management LLC raised its stake in Global Industrial by 4.8% during the fourth quarter. Nuveen Asset Management LLC now owns 57,688 shares of the company's stock valued at $1,430,000 after buying an additional 2,645 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Global Industrial by 1,600.0% during the 1st quarter. GAMMA Investing LLC now owns 2,397 shares of the company's stock worth $54,000 after buying an additional 2,256 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Global Industrial by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 319,056 shares of the company's stock worth $7,912,000 after buying an additional 2,973 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Global Industrial by 50.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,446 shares of the company's stock worth $1,102,000 after acquiring an additional 14,999 shares in the last quarter. Institutional investors and hedge funds own 31.19% of the company's stock.

Global Industrial Price Performance

GIC traded down $0.16 during trading hours on Friday, hitting $27.40. 198,593 shares of the stock were exchanged, compared to its average volume of 107,755. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 1.02 and a beta of 0.80. The stock has a 50-day simple moving average of $25.81 and a 200-day simple moving average of $24.60. Global Industrial Company has a 12 month low of $20.79 and a 12 month high of $36.17.

Global Industrial (NYSE:GIC - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $321.00 million for the quarter, compared to the consensus estimate of $307.15 million. Global Industrial had a net margin of 4.67% and a return on equity of 21.85%. Sell-side analysts expect that Global Industrial Company will post 1.59 EPS for the current year.

Global Industrial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were given a $0.26 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.04 annualized dividend and a yield of 3.80%. Global Industrial's dividend payout ratio is presently 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.