Mawer Investment Management Ltd. lessened its stake in shares of Global Industrial (NYSE:GIC - Free Report) by 37.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,139,880 shares of the company's stock after selling 687,090 shares during the quarter. Mawer Investment Management Ltd. owned approximately 2.98% of Global Industrial worth $28,258,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in Global Industrial by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 120,803 shares of the company's stock valued at $4,104,000 after purchasing an additional 456 shares during the period. The Manufacturers Life Insurance Company grew its stake in Global Industrial by 9.8% during the third quarter. The Manufacturers Life Insurance Company now owns 8,808 shares of the company's stock worth $299,000 after purchasing an additional 786 shares during the period. New Age Alpha Advisors LLC acquired a new position in Global Industrial in the fourth quarter valued at approximately $50,000. Quantbot Technologies LP grew its position in shares of Global Industrial by 150.3% during the 4th quarter. Quantbot Technologies LP now owns 3,614 shares of the company's stock worth $90,000 after buying an additional 2,170 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in shares of Global Industrial by 26.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 11,465 shares of the company's stock valued at $284,000 after acquiring an additional 2,364 shares during the period. 31.19% of the stock is currently owned by institutional investors and hedge funds.
Global Industrial Stock Performance
Shares of NYSE GIC traded down $0.98 during trading on Thursday, hitting $21.89. 47,721 shares of the company traded hands, compared to its average volume of 86,384. The firm has a market capitalization of $838.63 million, a price-to-earnings ratio of 12.88, a P/E/G ratio of 0.93 and a beta of 0.85. The business's fifty day moving average is $23.70 and its 200 day moving average is $27.04. Global Industrial has a fifty-two week low of $21.58 and a fifty-two week high of $45.69.
Global Industrial (NYSE:GIC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.03). The firm had revenue of $302.30 million during the quarter, compared to the consensus estimate of $306.07 million. Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. On average, analysts predict that Global Industrial will post 1.59 EPS for the current year.
Global Industrial Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $0.26 per share. This is an increase from Global Industrial's previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 10th. This represents a $1.04 annualized dividend and a yield of 4.75%. Global Industrial's dividend payout ratio is presently 66.24%.
Global Industrial Company 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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