Global Industrial (NYSE:GIC - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $24.05 and last traded at $24.05, with a volume of 69767 shares traded. The stock had previously closed at $24.79.
Global Industrial Trading Down 3.3 %
The stock's fifty day moving average is $27.59 and its two-hundred day moving average is $30.98. The firm has a market cap of $916.01 million, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 1.07 and a beta of 0.86.
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 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 quarter last year, the business posted $0.54 EPS. On average, analysts forecast that Global Industrial will post 1.62 EPS for the current year.
Global Industrial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, November 11th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.17%. The ex-dividend date was Friday, November 8th. Global Industrial's dividend payout ratio (DPR) is 58.82%.
Insider Activity at Global Industrial
In related news, Vice Chairman Bruce Leeds sold 5,840 shares of the firm's stock in a transaction dated 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 approximately $669,529. This trade represents a 19.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 65.30% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of GIC. FMR LLC boosted its stake in shares of Global Industrial by 14.7% in the 3rd quarter. FMR LLC now owns 2,534,156 shares of the company's stock valued at $86,085,000 after purchasing an additional 325,555 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Global Industrial by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,022,574 shares of the company's stock valued at $32,067,000 after buying an additional 6,602 shares during the period. Renaissance Technologies LLC boosted its position in Global Industrial by 2.7% during the second quarter. Renaissance Technologies LLC now owns 345,174 shares of the company's stock valued at $10,825,000 after buying an additional 9,200 shares during the period. Geode Capital Management LLC increased its holdings 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 during the period. Finally, State Street Corp lifted its stake in shares of Global Industrial by 2.6% in the 3rd quarter. State Street Corp now owns 315,779 shares of the company's stock valued at $10,727,000 after acquiring 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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