SG Americas Securities LLC boosted its holdings in shares of Global Industrial Company (NYSE:GIC - Free Report) by 135.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,780 shares of the company's stock after acquiring an additional 10,806 shares during the quarter. SG Americas Securities LLC's holdings in Global Industrial were worth $421,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. New York State Common Retirement Fund raised its position in Global Industrial by 34.6% during the 4th quarter. New York State Common Retirement Fund now owns 37,772 shares of the company's stock valued at $936,000 after purchasing an additional 9,700 shares in the last quarter. Nuveen Asset Management LLC increased its position in Global Industrial by 4.8% during the 4th 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. Rhumbline Advisers increased its position 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 buying an additional 19,543 shares in the last quarter. Geode Capital Management LLC grew its stake in Global Industrial by 0.9% during 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. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Global Industrial by 50.9% during 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 valued at $1,102,000 after purchasing an additional 14,999 shares during the last quarter. Hedge funds and other institutional investors own 31.19% of the company's stock.
Global Industrial Stock Performance
Global Industrial stock opened at $27.39 on Wednesday. Global Industrial Company has a fifty-two week low of $20.79 and a fifty-two week high of $36.17. The company has a market cap of $1.05 billion, a PE ratio of 17.34, a PEG ratio of 1.00 and a beta of 0.80. The business's 50-day simple moving average is $25.58 and its two-hundred day simple moving average is $24.58.
Global Industrial (NYSE:GIC - Get Free Report) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $307.15 million. Global Industrial had a return on equity of 21.85% and a net margin of 4.67%. As a group, analysts predict that Global Industrial Company will post 1.59 EPS for the current fiscal year.
Global Industrial Announces Dividend
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 dividend of $0.26 per share. The ex-dividend date was Monday, May 12th. This represents a $1.04 dividend on an annualized basis and a yield of 3.80%. Global Industrial's dividend payout ratio is currently 65.82%.
About Global Industrial
(
Free Report)
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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