Global Industrial (NYSE:GIC) Hits New 12-Month Low - Time to Sell?

Global Industrial (NYSE:GIC - Get Free Report)'s share price hit a new 52-week low on Wednesday . The stock traded as low as $20.81 and last traded at $21.13, with a volume of 144108 shares. The stock had previously closed at $21.40.

Global Industrial Stock Down 1.5 %

The company's fifty day moving average price is $23.12 and its two-hundred day moving average price is $26.32. The company has a market cap of $844.76 million, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 0.93 and a beta of 0.85.

Global Industrial (NYSE:GIC - Get Free Report) last posted 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 company had revenue of $302.30 million during the quarter, compared to analyst estimates of $306.07 million. Global Industrial had a net margin of 4.92% and a return on equity of 24.53%. Research analysts forecast that Global Industrial will post 1.59 earnings per share for the current year.

Global Industrial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from Global Industrial's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 4.72%. Global Industrial's dividend payout ratio is presently 66.24%.

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Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. J. Goldman & Co LP boosted its position in shares of Global Industrial by 559.7% during the fourth quarter. J. Goldman & Co LP now owns 494,650 shares of the company's stock worth $12,262,000 after purchasing an additional 419,672 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Global Industrial in the 4th quarter valued at $4,001,000. Bank of New York Mellon Corp grew its holdings in shares of Global Industrial by 65.6% during the fourth quarter. Bank of New York Mellon Corp now owns 319,282 shares of the company's stock worth $7,915,000 after buying an additional 126,431 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Global Industrial by 139.0% during the 4th quarter. JPMorgan Chase & Co. now owns 109,941 shares of the company's stock worth $2,725,000 after acquiring an additional 63,936 shares during the last quarter. Finally, Numerai GP LLC bought a new position in shares of Global Industrial during the 4th quarter worth approximately $1,506,000. 31.19% of the stock is currently owned by institutional investors.

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.