J. Goldman & Co LP Raises Holdings in Global Industrial (NYSE:GIC)

J. Goldman & Co LP raised its stake in shares of Global Industrial (NYSE:GIC - Free Report) by 559.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 494,650 shares of the company's stock after purchasing an additional 419,672 shares during the period. J. Goldman & Co LP owned 1.29% of Global Industrial worth $12,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of GIC. Bank of New York Mellon Corp increased its position in shares of Global Industrial by 65.6% during the 4th quarter. Bank of New York Mellon Corp now owns 319,282 shares of the company's stock valued at $7,915,000 after purchasing an additional 126,431 shares during the last quarter. Geode Capital Management LLC increased its position in Global Industrial by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 319,056 shares of the company's stock valued at $7,912,000 after acquiring an additional 2,973 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Global Industrial in the fourth quarter valued at $4,001,000. Northern Trust Corp lifted its holdings in shares of Global Industrial by 11.2% in the 4th quarter. Northern Trust Corp now owns 153,421 shares of the company's stock worth $3,803,000 after acquiring an additional 15,471 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Global Industrial by 139.0% in the 4th quarter. JPMorgan Chase & Co. now owns 109,941 shares of the company's stock worth $2,725,000 after acquiring an additional 63,936 shares during the last quarter. 31.19% of the stock is owned by institutional investors.

Global Industrial Stock Up 1.0%

NYSE:GIC traded up $0.26 during mid-day trading on Friday, hitting $27.33. 71,485 shares of the stock traded hands, compared to its average volume of 92,928. Global Industrial has a 52 week low of $20.79 and a 52 week high of $36.17. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 0.93 and a beta of 0.82. The firm's 50 day moving average is $23.17 and its two-hundred day moving average is $24.86.

Global Industrial (NYSE:GIC - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.15. Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. The firm had revenue of $321.00 million for the quarter, compared to analysts' expectations of $307.15 million. As a group, research analysts predict that Global Industrial will post 1.59 EPS for the current year.

Global Industrial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Monday, May 12th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend is Monday, May 12th. Global Industrial's dividend payout ratio (DPR) is presently 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.