Global Industrial Company (NYSE:GIC) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in Global Industrial Company (NYSE:GIC - Free Report) by 135.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,780 shares of the company's stock after purchasing an additional 10,806 shares during the period. SG Americas Securities LLC's holdings in Global Industrial were worth $421,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GIC. Rhumbline Advisers boosted its stake in Global Industrial by 102.0% during 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 last quarter. New York State Common Retirement Fund increased its position 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 worth $936,000 after purchasing an additional 9,700 shares during the last quarter. Bank of New York Mellon Corp raised its stake 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 valued at $7,915,000 after purchasing an additional 126,431 shares in the last quarter. Denali Advisors LLC lifted its position in shares of Global Industrial by 44.4% during the fourth quarter. Denali Advisors LLC now owns 107,300 shares of the company's stock worth $2,660,000 after purchasing an additional 33,000 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Global Industrial during the fourth quarter worth about $4,001,000. Hedge funds and other institutional investors own 31.19% of the company's stock.

Global Industrial Price Performance

NYSE:GIC traded down $0.16 during mid-day trading on Friday, reaching $27.40. The stock had a trading volume of 198,593 shares, compared to its average volume of 93,398. The company has a market capitalization 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. Global Industrial Company has a 1-year low of $20.79 and a 1-year high of $36.17. The stock's 50 day simple moving average is $25.93 and its two-hundred day simple moving average is $24.58.

Global Industrial (NYSE:GIC - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.15. The firm had revenue of $321.00 million during 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 anticipate that Global Industrial Company 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. Stockholders of record on Monday, May 12th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.80%. 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.