Trexquant Investment LP Makes New Investment in Global Industrial (NYSE:GIC)

Trexquant Investment LP acquired a new stake in shares of Global Industrial (NYSE:GIC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,034 shares of the company's stock, valued at approximately $298,000.

Other large investors have also modified their holdings of the company. New Age Alpha Advisors LLC bought a new stake in Global Industrial in the 4th quarter valued at $50,000. Quantbot Technologies LP boosted its position in shares of Global Industrial by 150.3% during the 4th quarter. Quantbot Technologies LP now owns 3,614 shares of the company's stock valued at $90,000 after acquiring an additional 2,170 shares in the last quarter. Semanteon Capital Management LP acquired a new stake in shares of Global Industrial during the 4th quarter valued at about $219,000. Sei Investments Co. increased its stake in Global Industrial by 42.4% in the fourth 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 period. Finally, KLP Kapitalforvaltning AS acquired a new position in Global Industrial in the fourth quarter worth about $283,000. 31.19% of the stock is currently owned by institutional investors and hedge funds.

Global Industrial Stock Performance

NYSE GIC traded down $0.57 during trading on Friday, reaching $21.44. 215,844 shares of the company traded hands, compared to its average volume of 91,104. Global Industrial has a 1-year low of $20.79 and a 1-year high of $41.38. The company has a market cap of $821.20 million, a price-to-earnings ratio of 12.61, a P/E/G ratio of 0.93 and a beta of 0.85. The stock's 50 day moving average price is $22.91 and its two-hundred day moving average price is $26.01.

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). Global Industrial had a net margin of 4.92% and a return on equity of 24.53%. The company had revenue of $302.30 million during the quarter, compared to analyst estimates of $306.07 million. Equities research analysts expect that Global Industrial will post 1.59 EPS for the current fiscal year.

Global Industrial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.26 dividend. This is a positive change from Global Industrial's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.04 annualized dividend and a dividend yield of 4.85%. Global Industrial's dividend payout ratio is presently 66.24%.

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.