Rhumbline Advisers Buys 19,543 Shares of Global Industrial (NYSE:GIC)

Rhumbline Advisers lifted its holdings in shares of Global Industrial (NYSE:GIC - Free Report) by 102.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,697 shares of the company's stock after buying an additional 19,543 shares during the period. Rhumbline Advisers owned about 0.10% of Global Industrial worth $959,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC lifted its holdings 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 purchasing an additional 325,555 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Global Industrial by 101.9% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 177,884 shares of the company's stock valued at $6,043,000 after purchasing an additional 89,780 shares during the period. Barclays PLC lifted its stake 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 buying an additional 21,097 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Global Industrial by 39.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 46,005 shares of the company's stock worth $1,563,000 after buying an additional 13,105 shares during the period. Finally, Algert Global LLC grew its stake in Global Industrial by 38.9% in the 3rd quarter. Algert Global LLC now owns 39,196 shares of the company's stock valued at $1,331,000 after buying an additional 10,980 shares during the last quarter. Institutional investors own 31.19% of the company's stock.

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Global Industrial Trading Down 1.8 %

Shares of NYSE:GIC traded down $0.44 during trading on Monday, reaching $23.36. 85,545 shares of the stock were exchanged, compared to its average volume of 117,408. Global Industrial has a 12 month low of $22.62 and a 12 month high of $46.97. The firm has a market cap of $894.75 million, a PE ratio of 13.74, a PEG ratio of 0.93 and a beta of 0.85. The stock has a 50-day moving average price of $24.35 and a 200-day moving average price of $28.25.

Global Industrial (NYSE:GIC - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $306.07 million. On average, sell-side analysts expect that Global Industrial will post 1.59 earnings per share for the current fiscal 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 dividend on an annualized basis and a yield of 4.45%. This is a positive change from Global Industrial's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, March 10th. Global Industrial's dividend payout ratio (DPR) is currently 66.24%.

Global Industrial Company 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.