JPMorgan Chase & Co. Acquires 13,105 Shares of Global Industrial (NYSE:GIC)

JPMorgan Chase & Co. increased its holdings in shares of Global Industrial (NYSE:GIC - Free Report) by 39.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 46,005 shares of the company's stock after purchasing an additional 13,105 shares during the period. JPMorgan Chase & Co. owned 0.12% of Global Industrial worth $1,563,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of GIC. Barclays PLC grew its position in shares of Global Industrial by 221.5% during the 3rd quarter. Barclays PLC now owns 30,622 shares of the company's stock worth $1,041,000 after purchasing an additional 21,097 shares in the last quarter. FMR LLC raised its holdings in 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 acquiring an additional 325,555 shares in the last quarter. State Street Corp grew its holdings in shares of Global Industrial by 2.6% during the 3rd quarter. State Street Corp now owns 315,779 shares of the company's stock worth $10,727,000 after purchasing an additional 8,136 shares in the last quarter. Geode Capital Management LLC lifted its position in Global Industrial by 3.5% during the third quarter. Geode Capital Management LLC now owns 316,083 shares of the company's stock worth $10,740,000 after purchasing an additional 10,601 shares during the period. Finally, Millennium Management LLC grew its stake in Global Industrial by 79.4% during the second quarter. Millennium Management LLC now owns 126,107 shares of the company's stock worth $3,955,000 after buying an additional 55,801 shares in the last quarter. Institutional investors and hedge funds own 31.19% of the company's stock.

Insider Buying and Selling at Global Industrial

In other 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 value of $165,155.20. Following the completion of the sale, the insider now directly owns 23,675 shares in the company, valued at $669,529. This trade represents a 19.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 65.30% of the company's stock.

Global Industrial Price Performance

NYSE:GIC traded down $0.13 during trading hours on Friday, hitting $25.29. The company's stock had a trading volume of 116,678 shares, compared to its average volume of 108,399. The company has a market capitalization of $966.99 million, a P/E ratio of 14.88, a PEG ratio of 0.92 and a beta of 0.88. Global Industrial has a twelve month low of $23.09 and a twelve month high of $46.97. The stock has a fifty day simple moving average of $26.12 and a 200-day simple moving average of $30.23.

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). 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 the consensus estimate of $353.44 million. During the same quarter last year, the business earned $0.54 EPS. On average, equities analysts predict that Global Industrial will post 1.59 EPS for the current fiscal year.

Global Industrial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 3.95%. Global Industrial's payout ratio is currently 58.82%.

Global Industrial Profile

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.