Raymond James Financial Inc. bought a new position in shares of Global Industrial (NYSE:GIC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 161,383 shares of the company's stock, valued at approximately $4,001,000. Raymond James Financial Inc. owned about 0.42% of Global Industrial at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. FMR LLC lifted its stake in shares of Global Industrial by 14.7% during the third quarter. FMR LLC now owns 2,534,156 shares of the company's stock worth $86,085,000 after buying an additional 325,555 shares during the period. Bank of New York Mellon Corp raised its stake in Global Industrial by 65.6% in the 4th quarter. Bank of New York Mellon Corp now owns 319,282 shares of the company's stock worth $7,915,000 after acquiring an additional 126,431 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in Global Industrial by 101.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 177,884 shares of the company's stock worth $6,043,000 after acquiring an additional 89,780 shares during the period. Denali Advisors LLC grew its stake in Global Industrial by 44.4% during the 4th quarter. Denali Advisors LLC now owns 107,300 shares of the company's stock valued at $2,660,000 after purchasing an additional 33,000 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Global Industrial by 221.5% in the third quarter. Barclays PLC now owns 30,622 shares of the company's stock valued at $1,041,000 after purchasing an additional 21,097 shares during the period. Hedge funds and other institutional investors own 31.19% of the company's stock.
Global Industrial Stock Down 3.2 %
Shares of NYSE:GIC traded down $0.74 during trading on Friday, hitting $22.51. The stock had a trading volume of 78,022 shares, compared to its average volume of 86,327. The stock has a 50-day simple moving average of $23.85 and a two-hundred day simple moving average of $27.21. The stock has a market capitalization of $862.53 million, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 0.93 and a beta of 0.85. Global Industrial has a 12-month low of $22.09 and a 12-month high of $45.69.
Global Industrial (NYSE:GIC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.03). The business had revenue of $302.30 million for the quarter, compared to analyst estimates of $306.07 million. Global Industrial had a net margin of 4.92% and a return on equity of 24.53%. As a group, sell-side analysts forecast 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 was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.62%. This is a positive change from Global Industrial's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 10th. Global Industrial's dividend payout ratio is presently 66.24%.
About Global Industrial
(
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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