Global Industrial (NYSE:GIC - Get Free Report) reached a new 52-week low during trading on Friday . The company traded as low as $24.60 and last traded at $24.61, with a volume of 51132 shares changing hands. The stock had previously closed at $25.28.
Global Industrial Price Performance
The stock has a market cap of $946.60 million, a P/E ratio of 14.56, a P/E/G ratio of 1.07 and a beta of 0.86. The company's 50 day simple moving average is $28.12 and its 200 day simple moving average is $31.17.
Global Industrial (NYSE:GIC - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.14). The business had revenue of $342.40 million during the quarter, compared to analyst estimates of $353.44 million. Global Industrial had a net margin of 4.92% and a return on equity of 24.53%. During the same quarter in the prior year, the firm posted $0.54 earnings per share. On average, equities research analysts predict that Global Industrial will post 1.62 earnings per share for the current year.
Global Industrial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 11th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 4.04%. Global Industrial's dividend payout ratio is currently 58.82%.
Insider Activity at Global Industrial
In other Global Industrial news, Vice Chairman Bruce Leeds sold 5,840 shares of the firm'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 completion of the transaction, the insider now directly owns 23,675 shares in the company, valued at $669,529. This trade represents a 19.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 65.30% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. FMR LLC increased its holdings in shares of Global Industrial by 14.7% during the 3rd quarter. FMR LLC now owns 2,534,156 shares of the company's stock worth $86,085,000 after acquiring an additional 325,555 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in Global Industrial by 101.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 177,884 shares of the company's stock worth $6,043,000 after purchasing an additional 89,780 shares during the period. Millennium Management LLC increased its holdings in shares of Global Industrial by 79.4% in the second quarter. Millennium Management LLC now owns 126,107 shares of the company's stock valued at $3,955,000 after purchasing an additional 55,801 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of Global Industrial in the second quarter valued at about $1,017,000. Finally, Barclays PLC raised its position in shares of Global Industrial by 221.5% in the third quarter. Barclays PLC now owns 30,622 shares of the company's stock valued at $1,041,000 after purchasing an additional 21,097 shares during the period. 31.19% of the stock is currently owned by institutional investors and hedge funds.
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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