Two Sigma Investments LP Acquires 13,630 Shares of Global Industrial (NYSE:GIC)

Two Sigma Investments LP increased its holdings in Global Industrial (NYSE:GIC - Free Report) by 24.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,842 shares of the company's stock after purchasing an additional 13,630 shares during the period. Two Sigma Investments LP owned approximately 0.18% of Global Industrial worth $1,707,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GIC. Tower Research Capital LLC TRC raised its holdings in shares of Global Industrial by 340.7% in 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. New Age Alpha Advisors LLC bought a new stake in Global Industrial in the fourth quarter valued at $50,000. Quantbot Technologies LP grew its position in Global Industrial by 150.3% in 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. Wells Fargo & Company MN raised its stake in Global Industrial by 44.4% during the fourth quarter. Wells Fargo & Company MN now owns 7,058 shares of the company's stock worth $175,000 after acquiring an additional 2,170 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in shares of Global Industrial by 13.6% during the fourth quarter. MetLife Investment Management LLC now owns 8,215 shares of the company's stock valued at $204,000 after acquiring an additional 982 shares during the period. Institutional investors own 31.19% of the company's stock.

Global Industrial Stock Performance

Shares of NYSE:GIC traded up $0.03 on Friday, hitting $27.11. The stock had a trading volume of 70,500 shares, compared to its average volume of 92,644. The firm's 50 day moving average price is $24.43 and its 200-day moving average price is $24.71. Global Industrial has a twelve month low of $20.79 and a twelve month high of $36.17. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 0.93 and a beta of 0.80.

Global Industrial (NYSE:GIC - Get Free Report) last announced 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 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 4.92% and a return on equity of 24.53%. As a group, sell-side analysts predict that Global Industrial will post 1.59 EPS for the current year.

Global Industrial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Monday, May 12th. Global Industrial's dividend payout ratio (DPR) is currently 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.