NYSE:GIC - Free Report ) by 175.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,730 shares of the company's stock after buying an additional 28,520 shares during the period. Los Angeles Capital Management LLC owned 0.12% of Global Industrial worth $1,737,000 at the end of the most recent reporting period.
Get Global Industrial alerts:
Sign Up
Other hedge funds also recently made changes to their positions in the company. LVZ Inc. lifted its holdings in Global Industrial by 6.7% in the 4th quarter. LVZ Inc. now owns 8,269 shares of the company's stock worth $321,000 after purchasing an additional 518 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Global Industrial by 1.8% during the third quarter. Hsbc Holdings PLC now owns 31,061 shares of the company's stock worth $1,040,000 after acquiring an additional 537 shares during the last quarter. SG Americas Securities LLC grew its stake in Global Industrial by 45.5% during the fourth quarter. SG Americas Securities LLC now owns 4,447 shares of the company's stock valued at $173,000 after acquiring an additional 1,390 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Global Industrial by 9.8% in the 3rd quarter. Acadian Asset Management LLC now owns 23,840 shares of the company's stock valued at $798,000 after acquiring an additional 2,128 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Global Industrial by 178.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,306 shares of the company's stock valued at $178,000 after acquiring an additional 3,402 shares during the last quarter. 31.19% of the stock is currently owned by institutional investors.
Insider Activity In other news, Vice Chairman Bruce Leeds sold 380,000 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $41.15, for a total transaction of $15,637,000.00. Following the transaction, the insider now directly owns 139,800 shares of the company's stock, valued at $5,752,770. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink . Insiders own 65.30% of the company's stock.
Global Industrial Price Performance Shares of Global Industrial stock traded up $0.38 during trading on Wednesday, reaching $35.11. 66,746 shares of the stock traded hands, compared to its average volume of 87,561. The business has a fifty day simple moving average of $42.55 and a two-hundred day simple moving average of $40.00. Global Industrial has a 52-week low of $23.08 and a 52-week high of $46.97. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 1.11 and a beta of 0.92.
Global Industrial (NYSE:GIC - Get Free Report ) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. Global Industrial had a return on equity of 28.39% and a net margin of 5.34%. The company had revenue of $320.10 million for the quarter, compared to analyst estimates of $313.50 million. On average, research analysts predict that Global Industrial will post 1.96 earnings per share for the current fiscal year.
Global Industrial Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.00 annualized dividend and a dividend yield of 2.85%. Global Industrial's dividend payout ratio (DPR) is 54.35%.
About Global Industrial (
Free Report )
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.
Read More
Before you consider Global Industrial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Global Industrial wasn't on the list.
While Global Industrial currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
