Y Intercept Hong Kong Ltd Buys Shares of 17,577 Global Industrial Company (NYSE:GIC)

Y Intercept Hong Kong Ltd acquired a new position in shares of Global Industrial Company (NYSE:GIC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 17,577 shares of the company's stock, valued at approximately $394,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. MetLife Investment Management LLC grew its position 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 worth $204,000 after buying an additional 982 shares in the last quarter. CWM LLC grew its position in shares of Global Industrial by 187.7% during the first quarter. CWM LLC now owns 1,614 shares of the company's stock worth $36,000 after buying an additional 1,053 shares in the last quarter. Tower Research Capital LLC TRC grew its position 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 worth $39,000 after buying an additional 1,206 shares in the last quarter. Bank of America Corp DE boosted its holdings in Global Industrial by 3.6% in the fourth quarter. Bank of America Corp DE now owns 41,710 shares of the company's stock valued at $1,034,000 after purchasing an additional 1,443 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Global Industrial in the fourth quarter valued at approximately $50,000. 31.19% of the stock is owned by institutional investors and hedge funds.

Global Industrial Stock Down 1.7%

GIC traded down $0.57 on Friday, reaching $33.49. The company's stock had a trading volume of 57,653 shares, compared to its average volume of 104,921. The stock has a 50 day moving average of $27.44 and a two-hundred day moving average of $25.09. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 19.65, a P/E/G ratio of 1.19 and a beta of 0.80. Global Industrial Company has a fifty-two week low of $20.79 and a fifty-two week high of $35.05.

Global Industrial (NYSE:GIC - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.15. Global Industrial had a return on equity of 22.89% and a net margin of 5.00%. The company had revenue of $358.90 million during the quarter, compared to analysts' expectations of $351.81 million. As a group, analysts anticipate that Global Industrial Company will post 1.59 earnings per share for the current fiscal year.

Global Industrial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, August 11th. Global Industrial's dividend payout ratio is 60.82%.

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.