161,383 Shares in Global Industrial (NYSE:GIC) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in Global Industrial (NYSE:GIC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 161,383 shares of the company's stock, valued at approximately $4,001,000. Raymond James Financial Inc. owned 0.42% of Global Industrial at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in GIC. New Age Alpha Advisors LLC purchased a new stake in Global Industrial in the 4th quarter worth about $50,000. Quantbot Technologies LP raised its holdings in shares of Global Industrial by 150.3% in the fourth quarter. Quantbot Technologies LP now owns 3,614 shares of the company's stock worth $90,000 after buying an additional 2,170 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Global Industrial by 44.4% during the 4th quarter. Wells Fargo & Company MN now owns 7,058 shares of the company's stock worth $175,000 after acquiring an additional 2,170 shares during the last quarter. Semanteon Capital Management LP purchased a new position in Global Industrial during the 4th quarter valued at $219,000. Finally, Sei Investments Co. grew its position in Global Industrial by 42.4% in the 4th quarter. Sei Investments Co. now owns 8,884 shares of the company's stock valued at $220,000 after acquiring an additional 2,645 shares during the last quarter. Institutional investors own 31.19% of the company's stock.

Global Industrial Price Performance

Shares of NYSE:GIC traded up $0.25 on Friday, hitting $25.86. 10,468 shares of the company's stock were exchanged, compared to its average volume of 92,050. The stock has a market capitalization of $991.82 million, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 0.93 and a beta of 0.85. Global Industrial has a 12 month low of $20.79 and a 12 month high of $36.17. The business's 50 day simple moving average is $22.65 and its two-hundred day simple moving average is $25.39.

Global Industrial (NYSE:GIC - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.15. The company had revenue of $321.00 million during the quarter, compared to analysts' expectations of $307.15 million. Global Industrial had a net margin of 4.92% and a return on equity of 24.53%. Equities analysts forecast that Global Industrial will post 1.59 EPS for the current fiscal year.

Global Industrial Announces Dividend

The company 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. The ex-dividend date is Monday, May 12th. This represents a $1.04 annualized dividend and a yield of 4.02%. Global Industrial's dividend payout ratio (DPR) is currently 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.