Barclays PLC Purchases 21,097 Shares of Global Industrial (NYSE:GIC)

Barclays PLC lifted its position in Global Industrial (NYSE:GIC - Free Report) by 221.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,622 shares of the company's stock after purchasing an additional 21,097 shares during the quarter. Barclays PLC owned 0.08% of Global Industrial worth $1,041,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its stake in Global Industrial by 14.7% in the third quarter. FMR LLC now owns 2,534,156 shares of the company's stock worth $86,085,000 after purchasing an additional 325,555 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Global Industrial by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,022,574 shares of the company's stock valued at $32,067,000 after acquiring an additional 6,602 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Global Industrial by 2.7% during the 2nd quarter. Renaissance Technologies LLC now owns 345,174 shares of the company's stock valued at $10,825,000 after acquiring an additional 9,200 shares during the period. Geode Capital Management LLC grew its position in Global Industrial by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 316,083 shares of the company's stock worth $10,740,000 after acquiring an additional 10,601 shares during the last quarter. Finally, State Street Corp increased its stake in Global Industrial by 2.6% in the 3rd quarter. State Street Corp now owns 315,779 shares of the company's stock worth $10,727,000 after purchasing an additional 8,136 shares during the period. 31.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Global Industrial

In other Global Industrial news, Vice Chairman Bruce Leeds sold 5,840 shares of the company's stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $28.28, for a total value of $165,155.20. Following the completion of the transaction, the insider now directly owns 23,675 shares in the company, valued at approximately $669,529. This represents a 19.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 65.30% of the stock is currently owned by corporate insiders.

Global Industrial Trading Up 1.1 %

Shares of NYSE:GIC traded up $0.27 during trading on Wednesday, reaching $24.82. 49,160 shares of the company traded hands, compared to its average volume of 119,219. Global Industrial has a 52-week low of $23.09 and a 52-week high of $46.97. The firm has a market capitalization of $948.89 million, a price-to-earnings ratio of 14.60, a P/E/G ratio of 1.04 and a beta of 0.88. The business's fifty day moving average is $26.61 and its 200-day moving average is $30.51.

Global Industrial (NYSE:GIC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.14). Global Industrial had a net margin of 4.92% and a return on equity of 24.53%. The firm had revenue of $342.40 million for the quarter, compared to analysts' expectations of $353.44 million. During the same period in the previous year, the company earned $0.54 EPS. On average, sell-side analysts predict that Global Industrial will post 1.62 earnings per share for the current fiscal year.

Global Industrial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date was Friday, November 8th. Global Industrial's payout ratio is 58.82%.

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.