Wall Street Zen upgraded shares of Global Industrial (NYSE:GIC - Free Report) from a buy rating to a strong-buy rating in a report published on Saturday.
Global Industrial Trading Up 0.0%
GIC stock traded up $0.01 on Friday, hitting $34.53. The company had a trading volume of 53,890 shares, compared to its average volume of 106,397. Global Industrial has a 12-month low of $20.79 and a 12-month high of $35.05. The stock's 50-day simple moving average is $27.75 and its 200 day simple moving average is $25.23. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 20.18, a P/E/G ratio of 1.06 and a beta of 0.80.
Global Industrial (NYSE:GIC - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.15. Global Industrial had a net margin of 5.00% and a return on equity of 22.89%. The company had revenue of $358.90 million for the quarter, compared to analysts' expectations of $351.81 million. Research analysts forecast that Global Industrial will post 1.59 earnings per share for the current year.
Global Industrial Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, August 11th will be paid a dividend of $0.26 per share. The ex-dividend date is Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.0%. Global Industrial's payout ratio is 60.82%.
Institutional Trading of Global Industrial
Large investors have recently made changes to their positions in the business. CWM LLC boosted its position in Global Industrial by 187.7% in the 1st quarter. CWM LLC now owns 1,614 shares of the company's stock valued at $36,000 after buying an additional 1,053 shares during the period. Tower Research Capital LLC TRC lifted its position 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 purchasing an additional 1,206 shares during the period. GAMMA Investing LLC lifted its position in shares of Global Industrial by 1,600.0% in the 1st quarter. GAMMA Investing LLC now owns 2,397 shares of the company's stock worth $54,000 after purchasing an additional 2,256 shares during the period. US Bancorp DE lifted its position in shares of Global Industrial by 954.3% in the 1st quarter. US Bancorp DE now owns 3,068 shares of the company's stock worth $69,000 after purchasing an additional 2,777 shares during the period. Finally, Quantbot Technologies LP lifted its position in shares of Global Industrial by 25.8% in the 1st quarter. Quantbot Technologies LP now owns 4,548 shares of the company's stock worth $102,000 after purchasing an additional 934 shares during the period. 31.19% of the stock is currently owned by institutional investors.
About Global Industrial
(
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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.
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