Los Angeles Capital Management LLC Sells 19,087 Shares of Global Industrial (NYSE:GIC)

Los Angeles Capital Management LLC reduced its stake in Global Industrial (NYSE:GIC - Free Report) by 54.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,243 shares of the company's stock after selling 19,087 shares during the period. Los Angeles Capital Management LLC's holdings in Global Industrial were worth $403,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in GIC. Barclays PLC grew its position in Global Industrial by 221.5% in the third quarter. Barclays PLC now owns 30,622 shares of the company's stock worth $1,041,000 after buying an additional 21,097 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Global Industrial by 39.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 46,005 shares of the company's stock worth $1,563,000 after acquiring an additional 13,105 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Global Industrial by 34.6% during the fourth quarter. New York State Common Retirement Fund now owns 37,772 shares of the company's stock worth $936,000 after purchasing an additional 9,700 shares during the period. FMR LLC boosted its position 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 during the period. Finally, State Street Corp increased its stake in Global Industrial by 2.6% in 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. 31.19% of the stock is currently owned by institutional investors.

Global Industrial Trading Up 0.8 %

GIC stock traded up $0.17 during mid-day trading on Thursday, reaching $23.18. 1,286 shares of the stock traded hands, compared to its average volume of 117,231. Global Industrial has a 52-week low of $22.62 and a 52-week high of $46.97. The stock's fifty day moving average is $24.40 and its 200-day moving average is $28.40. The company has a market cap of $888.20 million, a P/E ratio of 13.69, a P/E/G ratio of 0.93 and a beta of 0.87.

Global Industrial (NYSE:GIC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.03). Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. The firm had revenue of $302.30 million during the quarter, compared to analyst estimates of $306.07 million. Equities research analysts expect that Global Industrial will post 1.59 earnings per share for the current year.

Global Industrial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.49%. This is a positive change from Global Industrial's previous quarterly dividend of $0.25. The ex-dividend date is Monday, March 10th. Global Industrial's payout ratio is presently 66.24%.

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.