Global Industrial (NYSE:GIC) Shares Sold by American Century Companies Inc.

American Century Companies Inc. reduced its holdings in Global Industrial (NYSE:GIC) by 29.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,216 shares of the company’s stock after selling 32,673 shares during the quarter. American Century Companies Inc. owned 0.21% of Global Industrial worth $2,484,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. National Bank of Canada FI increased its holdings in shares of Global Industrial by 41.8% during the second quarter. National Bank of Canada FI now owns 4,994 shares of the company’s stock valued at $153,000 after purchasing an additional 1,472 shares during the period. Leeward Financial Partners LLC acquired a new position in Global Industrial during the 1st quarter valued at about $224,000. Quest Partners LLC bought a new stake in shares of Global Industrial during the 2nd quarter worth about $268,000. Gallacher Capital Management LLC acquired a new stake in shares of Global Industrial in the 1st quarter worth approximately $324,000. Finally, Quadrature Capital Ltd boosted its holdings in shares of Global Industrial by 14.2% in the first quarter. Quadrature Capital Ltd now owns 8,918 shares of the company’s stock valued at $399,000 after acquiring an additional 1,106 shares in the last quarter. Institutional investors own 31.19% of the company’s stock.

Global Industrial Price Performance

Shares of NYSE:GIC opened at $34.00 on Friday. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 1.07 and a beta of 0.83. Global Industrial has a 12 month low of $30.13 and a 12 month high of $46.97. The stock’s 50 day moving average price is $33.06 and its 200 day moving average price is $35.71.

Global Industrial (NYSE:GIC) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. The business had revenue of $347.80 million during the quarter, compared to analyst estimates of $348.84 million. Global Industrial had a return on equity of 26.82% and a net margin of 5.16%. During the same quarter in the prior year, the firm posted $0.56 earnings per share. On average, sell-side analysts expect that Global Industrial will post 1.97 EPS for the current year.

Global Industrial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.00 annualized dividend and a dividend yield of 2.94%. Global Industrial’s dividend payout ratio is currently 54.35%.

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.