Numerai GP LLC Acquires New Holdings in Global Industrial (NYSE:GIC)

Numerai GP LLC acquired a new position in shares of Global Industrial (NYSE:GIC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 60,741 shares of the company's stock, valued at approximately $1,506,000. Numerai GP LLC owned 0.16% of Global Industrial at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. J. Goldman & Co LP raised its stake in shares of Global Industrial by 559.7% during the 4th quarter. J. Goldman & Co LP now owns 494,650 shares of the company's stock worth $12,262,000 after purchasing an additional 419,672 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Global Industrial during the 4th quarter worth about $4,001,000. Bank of New York Mellon Corp raised its stake 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 worth $7,915,000 after purchasing an additional 126,431 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Global Industrial by 139.0% during the 4th quarter. JPMorgan Chase & Co. now owns 109,941 shares of the company's stock worth $2,725,000 after purchasing an additional 63,936 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Global Industrial during the 4th quarter worth about $1,391,000. 31.19% of the stock is currently owned by institutional investors and hedge funds.

Global Industrial Stock Up 1.0%

Shares of GIC traded up $0.26 during midday trading on Friday, reaching $27.33. 71,485 shares of the stock were exchanged, compared to its average volume of 92,873. Global Industrial has a 12-month low of $20.79 and a 12-month high of $36.17. The firm has a 50 day simple moving average of $23.25 and a 200-day simple moving average of $24.82. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 0.93 and a beta of 0.82.

Global Industrial (NYSE:GIC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.35 earnings per share for the quarter, topping 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 company had revenue of $321.00 million during the quarter, compared to the consensus estimate of $307.15 million. Research analysts expect that Global Industrial will post 1.59 earnings per share for the current fiscal year.

Global Industrial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 12th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Monday, May 12th. Global Industrial's payout ratio is 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.