Global Industrial (NYSE:GIC - Get Free Report) Vice Chairman Bruce Leeds sold 5,840 shares of Global Industrial stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $28.28, for a total value of $165,155.20. Following the sale, the insider now owns 23,675 shares in the company, valued at $669,529. This represents a 19.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Global Industrial Trading Down 0.6 %
NYSE:GIC traded down $0.18 during trading hours on Friday, reaching $28.31. 30,381 shares of the company traded hands, compared to its average volume of 78,761. The business's 50-day moving average price is $30.96 and its two-hundred day moving average price is $32.32. The stock has a market capitalization of $1.08 billion, a P/E ratio of 16.62, a P/E/G ratio of 1.10 and a beta of 0.86. Global Industrial has a 1 year low of $25.00 and a 1 year high of $46.97.
Global Industrial (NYSE:GIC - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.14). Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. The business had revenue of $342.40 million during the quarter, compared to analysts' expectations of $353.44 million. During the same quarter in the prior year, the firm earned $0.54 EPS. As a group, equities analysts anticipate that Global Industrial will post 1.62 EPS for the current year.
Global Industrial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, November 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend was Friday, November 8th. Global Industrial's payout ratio is currently 58.82%.
Institutional Trading of Global Industrial
Several large investors have recently modified their holdings of GIC. Vanguard Group Inc. grew its holdings in shares of Global Industrial by 137.3% in the first quarter. Vanguard Group Inc. now owns 717,231 shares of the company's stock worth $32,118,000 after acquiring an additional 414,924 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Global Industrial by 3.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,856 shares of the company's stock valued at $576,000 after purchasing an additional 459 shares during the period. Panagora Asset Management Inc. grew its holdings in Global Industrial by 7.7% during the second quarter. Panagora Asset Management Inc. now owns 62,583 shares of the company's stock valued at $1,963,000 after purchasing an additional 4,448 shares during the period. Rhumbline Advisers grew its holdings in Global Industrial by 2.1% during the second quarter. Rhumbline Advisers now owns 19,749 shares of the company's stock valued at $619,000 after purchasing an additional 397 shares during the period. Finally, National Bank of Canada FI grew its holdings in Global Industrial by 41.8% during the second quarter. National Bank of Canada FI now owns 4,994 shares of the company's stock valued at $153,000 after purchasing an additional 1,472 shares during the period. 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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