Global Industrial (NYSE:GIC - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $25.00 and last traded at $25.33, with a volume of 19554 shares changing hands. The stock had previously closed at $25.32.
Global Industrial Price Performance
The stock has a market capitalization of $963.42 million, a PE ratio of 14.82, a P/E/G ratio of 1.07 and a beta of 0.86. The company's 50 day moving average price is $29.01 and its two-hundred day moving average price is $31.46.
Global Industrial (NYSE:GIC - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.14). The business had revenue of $342.40 million during the quarter, compared to analysts' expectations of $353.44 million. Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. During the same period last year, the business earned $0.54 earnings per share. Analysts forecast that Global Industrial will post 1.62 earnings per share for the current year.
Global Industrial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 11th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date was Friday, November 8th. Global Industrial's dividend payout ratio (DPR) is currently 58.82%.
Insiders Place Their Bets
In related news, Vice Chairman Bruce Leeds sold 5,840 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $28.28, for a total value of $165,155.20. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 65.30% of the company's stock.
Institutional Investors Weigh In On Global Industrial
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GIC. Rhumbline Advisers increased its position in shares of Global Industrial by 2.1% during the 2nd quarter. Rhumbline Advisers now owns 19,749 shares of the company's stock worth $619,000 after purchasing an additional 397 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Global Industrial by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 120,803 shares of the company's stock valued at $4,104,000 after acquiring an additional 456 shares during the last quarter. The Manufacturers Life Insurance Company lifted 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 worth $299,000 after acquiring an additional 786 shares during the last quarter. National Bank of Canada FI boosted its position in shares of Global Industrial by 41.8% during the 2nd quarter. National Bank of Canada FI now owns 4,994 shares of the company's stock worth $153,000 after purchasing an additional 1,472 shares during the period. Finally, Sei Investments Co. lifted its stake in Global Industrial by 7.5% during the second quarter. Sei Investments Co. now owns 22,124 shares of the company's stock worth $694,000 after purchasing an additional 1,545 shares in the last quarter. Hedge funds and other institutional investors own 31.19% of the company's stock.
Global Industrial Company Profile
(
Get Free Report)
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.
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