Eaton Financial Holdings Company LLC Purchases New Stake in Global Industrial (NYSE:GIC)

Eaton Financial Holdings Company LLC purchased a new position in shares of Global Industrial (NYSE:GIC - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 33,284 shares of the company's stock, valued at approximately $825,000. Eaton Financial Holdings Company LLC owned approximately 0.09% of Global Industrial at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC increased its stake in Global Industrial by 26.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 11,465 shares of the company's stock valued at $284,000 after purchasing an additional 2,364 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Global Industrial by 9.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 8,808 shares of the company's stock valued at $299,000 after purchasing an additional 786 shares during the period. New York State Common Retirement Fund increased its holdings in Global Industrial by 34.6% in the fourth quarter. New York State Common Retirement Fund now owns 37,772 shares of the company's stock worth $936,000 after buying an additional 9,700 shares during the last quarter. Rhumbline Advisers grew its holdings in Global Industrial by 102.0% during the fourth quarter. Rhumbline Advisers now owns 38,697 shares of the company's stock valued at $959,000 after purchasing an additional 19,543 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Global Industrial by 221.5% in the third quarter. Barclays PLC now owns 30,622 shares of the company's stock worth $1,041,000 after acquiring an additional 21,097 shares during the last quarter. 31.19% of the stock is owned by institutional investors and hedge funds.

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Global Industrial Stock Down 0.2 %

GIC traded down $0.05 during trading on Thursday, reaching $22.67. 74,026 shares of the company's stock were exchanged, compared to its average volume of 84,118. The company has a market capitalization of $868.55 million, a P/E ratio of 13.34, a PEG ratio of 0.93 and a beta of 0.85. The business has a 50 day moving average price of $24.08 and a 200 day moving average price of $27.68. Global Industrial has a fifty-two week low of $22.09 and a fifty-two week high of $46.97.

Global Industrial (NYSE:GIC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.03). The firm had revenue of $302.30 million for the quarter, compared to the consensus estimate of $306.07 million. Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. As a group, research analysts forecast that Global Industrial will post 1.59 EPS for the current year.

Global Industrial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $0.26 per share. The ex-dividend date was Monday, March 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.59%. This is a boost from Global Industrial's previous quarterly dividend of $0.25. Global Industrial's dividend payout ratio is currently 66.24%.

Global Industrial Company Profile

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.