Shares of Global Industrial (NYSE:GIC - Get Free Report) saw an uptick in trading volume on Tuesday . 147,400 shares changed hands during trading, an increase of 23% from the previous session's volume of 119,601 shares.The stock last traded at $24.31 and had previously closed at $24.21.
Global Industrial Stock Up 1.2 %
The firm has a market capitalization of $936.28 million, a P/E ratio of 14.41, a PEG ratio of 1.04 and a beta of 0.88. The business's 50-day simple moving average is $26.61 and its 200 day simple moving average is $30.51.
Global Industrial (NYSE:GIC - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.44 EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $353.44 million. During the same quarter in the prior year, the company earned $0.54 earnings per share. Sell-side analysts predict that Global Industrial will post 1.62 earnings per share for the current year.
Global Industrial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.08%. Global Industrial's dividend payout ratio is currently 58.82%.
Insiders Place Their Bets
In other news, Vice Chairman Bruce Leeds sold 5,840 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $28.28, for a total transaction of $165,155.20. Following the transaction, the insider now directly owns 23,675 shares of the company's stock, valued at $669,529. This represents a 19.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 65.30% of the company's stock.
Institutional Trading of Global Industrial
Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC grew its stake in Global Industrial by 14.7% during the third quarter. FMR LLC now owns 2,534,156 shares of the company's stock valued at $86,085,000 after acquiring an additional 325,555 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Global Industrial by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,022,574 shares of the company's stock worth $32,067,000 after purchasing an additional 6,602 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Global Industrial by 2.7% in the second quarter. Renaissance Technologies LLC now owns 345,174 shares of the company's stock worth $10,825,000 after purchasing an additional 9,200 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Global Industrial by 3.5% in the third quarter. Geode Capital Management LLC now owns 316,083 shares of the company's stock worth $10,740,000 after buying an additional 10,601 shares in the last quarter. Finally, State Street Corp boosted its stake in Global Industrial by 2.6% during the third quarter. State Street Corp now owns 315,779 shares of the company's stock valued at $10,727,000 after buying an additional 8,136 shares during the last quarter. 31.19% of the stock is currently owned by institutional investors.
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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