Two Sigma Investments LP Increases Stock Holdings in Global Industrial (NYSE:GIC)

Two Sigma Investments LP boosted its stake in shares of Global Industrial (NYSE:GIC - Free Report) by 24.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 68,842 shares of the company's stock after buying an additional 13,630 shares during the quarter. Two Sigma Investments LP owned approximately 0.18% of Global Industrial worth $1,707,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its position in Global Industrial by 340.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,560 shares of the company's stock worth $39,000 after purchasing an additional 1,206 shares during the period. New Age Alpha Advisors LLC bought a new position in Global Industrial during the fourth quarter worth about $50,000. Quantbot Technologies LP boosted its position in Global Industrial by 150.3% during the fourth quarter. Quantbot Technologies LP now owns 3,614 shares of the company's stock worth $90,000 after purchasing an additional 2,170 shares during the period. Wells Fargo & Company MN boosted its position 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 purchasing an additional 2,170 shares during the period. Finally, MetLife Investment Management LLC boosted its position in Global Industrial by 13.6% during 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. Institutional investors own 31.19% of the company's stock.

Global Industrial Price Performance

NYSE:GIC traded down $0.31 on Wednesday, reaching $26.80. 47,334 shares of the company's stock were exchanged, compared to its average volume of 92,518. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 0.93 and a beta of 0.82. Global Industrial has a 52 week low of $20.79 and a 52 week high of $36.17. The stock has a fifty day simple moving average of $24.16 and a 200-day simple moving average of $24.70.

Global Industrial (NYSE:GIC - Get Free Report) last issued its earnings results on Tuesday, April 29th. The company reported $0.35 earnings per share 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 analyst estimates 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 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 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend was Monday, May 12th. Global Industrial's payout ratio is 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.