Global Industrial (NYSE:GIC) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its position in shares of Global Industrial (NYSE:GIC - Free Report) by 77.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,148 shares of the company's stock after selling 23,958 shares during the quarter. Jane Street Group LLC's holdings in Global Industrial were worth $243,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its position in Global Industrial by 14.7% during the 3rd 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. Edgestream Partners L.P. bought a new stake in Global Industrial during the second quarter valued at about $1,017,000. State Street Corp grew its stake in Global Industrial by 2.6% in the third quarter. State Street Corp now owns 315,779 shares of the company's stock valued at $10,727,000 after purchasing an additional 8,136 shares during the last quarter. Millennium Management LLC grew its stake in 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. Finally, Denali Advisors LLC raised its holdings in Global Industrial by 44.5% in the second quarter. Denali Advisors LLC now owns 57,122 shares of the company's stock worth $1,791,000 after purchasing an additional 17,600 shares in the last quarter. Hedge funds and other institutional investors own 31.19% of the company's stock.

Global Industrial Trading Down 4.6 %

Shares of NYSE:GIC traded down $1.12 during trading on Friday, reaching $23.39. The stock had a trading volume of 170,919 shares, compared to its average volume of 121,503. The firm's 50-day simple moving average is $26.71 and its 200 day simple moving average is $30.61. Global Industrial has a one year low of $23.09 and a one year high of $46.97. The company has a market capitalization of $894.22 million, a P/E ratio of 13.76, a PEG ratio of 1.04 and a beta of 0.88.

Global Industrial (NYSE:GIC - Get Free Report) last posted its 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 analysts' expectations of $353.44 million. During the same period in the previous year, the company earned $0.54 EPS. Equities research analysts forecast that Global Industrial will post 1.62 earnings per share for the current fiscal year.

Global Industrial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, November 11th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 4.28%. Global Industrial's dividend payout ratio (DPR) is 58.82%.

Insider Activity at Global Industrial

In other Global Industrial news, Vice Chairman Bruce Leeds sold 5,840 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $28.28, for a total transaction of $165,155.20. Following the sale, the insider now owns 23,675 shares of the company's stock, valued at approximately $669,529. The trade was a 19.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 65.30% of the stock is currently owned by corporate insiders.

About Global Industrial

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.