Hotchkis & Wiley Capital Management LLC increased its position in Global Industrial (NYSE:GIC - Free Report) by 101.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,884 shares of the company's stock after acquiring an additional 89,780 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.47% of Global Industrial worth $6,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Copeland Capital Management LLC acquired a new stake in Global Industrial during the third quarter worth about $61,000. Point72 Asset Management L.P. boosted its holdings in Global Industrial by 173.0% during the second quarter. Point72 Asset Management L.P. now owns 3,549 shares of the company's stock worth $111,000 after buying an additional 2,249 shares in the last quarter. National Bank of Canada FI grew its position 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 buying an additional 1,472 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Global Industrial by 12.9% in the second quarter. The Manufacturers Life Insurance Company now owns 8,022 shares of the company's stock valued at $252,000 after buying an additional 919 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Global Industrial in the second quarter worth about $268,000. Institutional investors and hedge funds own 31.19% of the company's stock.
Global Industrial Stock Down 0.4 %
Shares of GIC stock traded down $0.11 during mid-day trading on Friday, hitting $27.50. 92,239 shares of the stock were exchanged, compared to its average volume of 78,881. Global Industrial has a 52-week low of $25.00 and a 52-week high of $46.97. The firm has a fifty day moving average of $30.40 and a 200 day moving average of $32.08. The company has a market cap of $1.05 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.08 and a beta of 0.86.
Global Industrial (NYSE:GIC - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $342.40 million during the quarter, compared to analysts' expectations of $353.44 million. During the same quarter last year, the firm earned $0.54 earnings per share. Equities analysts predict that Global Industrial will post 1.62 EPS for the current year.
Global Industrial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, November 11th were given 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 3.64%. Global Industrial's dividend payout ratio (DPR) is presently 58.82%.
Insider Buying and Selling
In other Global Industrial news, Vice Chairman Bruce Leeds sold 5,840 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $28.28, for a total value of $165,155.20. Following the completion of the sale, the insider now owns 23,675 shares in the company, valued at approximately $669,529. This represents a 19.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 65.30% of the company's stock.
Global Industrial Profile
(
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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