Global Industrial (NYSE:GIC) Stock Holdings Trimmed by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC decreased its stake in shares of Global Industrial (NYSE:GIC - Free Report) by 16.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 221,245 shares of the company's stock after selling 43,678 shares during the period. Grandeur Peak Global Advisors LLC owned 0.58% of Global Industrial worth $5,485,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in GIC. Barclays PLC raised its holdings in Global Industrial by 221.5% in the 3rd quarter. Barclays PLC now owns 30,622 shares of the company's stock valued at $1,041,000 after acquiring an additional 21,097 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Global Industrial by 39.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 46,005 shares of the company's stock worth $1,563,000 after buying an additional 13,105 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Global Industrial by 34.6% during the 4th quarter. New York State Common Retirement Fund now owns 37,772 shares of the company's stock valued at $936,000 after acquiring an additional 9,700 shares during the last quarter. State Street Corp boosted its position in shares of Global Industrial by 2.6% in the third quarter. State Street Corp now owns 315,779 shares of the company's stock worth $10,727,000 after acquiring an additional 8,136 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Global Industrial by 102.0% in the fourth quarter. Rhumbline Advisers now owns 38,697 shares of the company's stock valued at $959,000 after purchasing an additional 19,543 shares during the period. 31.19% of the stock is currently owned by hedge funds and other institutional investors.

Global Industrial Price Performance

NYSE:GIC traded down $0.43 during trading hours on Thursday, reaching $21.58. 61,419 shares of the company were exchanged, compared to its average volume of 118,501. Global Industrial has a 52-week low of $20.79 and a 52-week high of $41.38. The stock has a 50 day simple moving average of $23.01 and a 200 day simple moving average of $26.18. The firm has a market cap of $826.56 million, a price-to-earnings ratio of 12.69, a PEG ratio of 0.93 and a beta of 0.85.

Global Industrial (NYSE:GIC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.03). The firm had revenue of $302.30 million for the quarter, compared to analyst estimates of $306.07 million. Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. On average, analysts predict that Global Industrial will post 1.59 EPS for the current fiscal year.

Global Industrial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a dividend of $0.26 per share. This is a positive change from Global Industrial's previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 10th. This represents a $1.04 annualized dividend and a dividend yield of 4.82%. Global Industrial's payout ratio is presently 66.24%.

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.