UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 14,999 Shares of Global Industrial (NYSE:GIC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Global Industrial (NYSE:GIC - Free Report) by 50.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,446 shares of the company's stock after buying an additional 14,999 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.12% of Global Industrial worth $1,102,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in shares of Global Industrial by 340.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,560 shares of the company's stock valued at $39,000 after buying an additional 1,206 shares during the period. New Age Alpha Advisors LLC bought a new stake in shares of Global Industrial during the 4th quarter valued at about $50,000. Quantbot Technologies LP increased its position in shares of Global Industrial by 150.3% during the fourth quarter. Quantbot Technologies LP now owns 3,614 shares of the company's stock valued at $90,000 after buying an additional 2,170 shares during the period. Wells Fargo & Company MN raised its stake in Global Industrial by 44.4% in the fourth quarter. Wells Fargo & Company MN now owns 7,058 shares of the company's stock worth $175,000 after buying an additional 2,170 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in Global Industrial by 13.6% in the fourth quarter. MetLife Investment Management LLC now owns 8,215 shares of the company's stock worth $204,000 after buying an additional 982 shares during the period. Institutional investors own 31.19% of the company's stock.

Global Industrial Trading Down 0.5%

Shares of GIC stock traded down $0.14 during midday trading on Thursday, reaching $26.92. 32,714 shares of the stock were exchanged, compared to its average volume of 92,867. Global Industrial has a 1 year low of $20.79 and a 1 year high of $36.17. The firm has a market cap of $1.03 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 0.93 and a beta of 0.80. The company's 50 day moving average is $24.73 and its two-hundred day moving average is $24.69.

Global Industrial (NYSE:GIC - Get Free Report) last issued its quarterly 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 analysts' expectations of $307.15 million. Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. As a group, equities analysts expect that Global Industrial will post 1.59 EPS for the current fiscal year.

Global Industrial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 12th were issued 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 3.86%. Global Industrial's dividend payout ratio 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.