Global Industrial (NYSE:GIC) Short Interest Update

Global Industrial (NYSE:GIC - Get Free Report) saw a significant growth in short interest in May. As of May 15th, there was short interest totalling 222,700 shares, a growth of 18.3% from the April 30th total of 188,200 shares. Based on an average trading volume of 114,200 shares, the short-interest ratio is currently 2.0 days. Currently, 2.9% of the shares of the stock are short sold.

Hedge Funds Weigh In On Global Industrial

A number of institutional investors and hedge funds have recently made changes to their positions in GIC. Rhumbline Advisers grew its stake in shares of Global Industrial by 102.0% in the 4th quarter. Rhumbline Advisers now owns 38,697 shares of the company's stock worth $959,000 after buying an additional 19,543 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Global Industrial by 34.6% in the 4th quarter. New York State Common Retirement Fund now owns 37,772 shares of the company's stock worth $936,000 after buying an additional 9,700 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Global Industrial by 65.6% in the 4th quarter. Bank of New York Mellon Corp now owns 319,282 shares of the company's stock worth $7,915,000 after buying an additional 126,431 shares in the last quarter. Denali Advisors LLC grew its stake in shares of Global Industrial by 44.4% in the 4th quarter. Denali Advisors LLC now owns 107,300 shares of the company's stock worth $2,660,000 after buying an additional 33,000 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Global Industrial in the 4th quarter worth $4,001,000. 31.19% of the stock is owned by hedge funds and other institutional investors.

Global Industrial Trading Up 0.1%

GIC traded up $0.03 during trading on Friday, hitting $27.11. 70,500 shares of the company traded hands, compared to its average volume of 92,838. The company has a market cap of $1.04 billion, a PE ratio of 15.95, a P/E/G ratio of 0.93 and a beta of 0.80. The stock's 50-day simple moving average is $24.43 and its two-hundred day simple moving average is $24.67. Global Industrial has a 1 year low of $20.79 and a 1 year high of $36.17.

Global Industrial (NYSE:GIC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.15. Global Industrial had a net margin of 4.92% and a return on equity of 24.53%. The business had revenue of $321.00 million during the quarter, compared to analysts' expectations of $307.15 million. Equities analysts expect that Global Industrial will post 1.59 EPS for the current year.

Global Industrial Dividend Announcement

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