Quantbot Technologies LP Has $49,000 Position in Global Industrial (NYSE:GIC)

Quantbot Technologies LP decreased its holdings in shares of Global Industrial (NYSE:GIC) by 30.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,444 shares of the company’s stock after selling 619 shares during the quarter. Quantbot Technologies LP’s holdings in Global Industrial were worth $49,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GIC. Rhumbline Advisers lifted its holdings in shares of Global Industrial by 2.1% during the second quarter. Rhumbline Advisers now owns 19,749 shares of the company’s stock worth $619,000 after buying an additional 397 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Global Industrial by 0.4% in the 3rd 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. Price T Rowe Associates Inc. MD grew its position in Global Industrial by 3.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,856 shares of the company’s stock worth $576,000 after purchasing an additional 459 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Global Industrial by 9.8% during the third quarter. The Manufacturers Life Insurance Company now owns 8,808 shares of the company’s stock valued at $299,000 after buying an additional 786 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Global Industrial by 12.9% in the second quarter. The Manufacturers Life Insurance Company now owns 8,022 shares of the company’s stock valued at $252,000 after buying an additional 919 shares during the period. Institutional investors and hedge funds own 31.19% of the company’s stock.

Global Industrial Stock Down 0.3 %

Shares of GIC opened at $27.53 on Friday. The stock’s 50-day moving average price is $30.27 and its 200 day moving average price is $32.01. Global Industrial has a 12-month low of $25.00 and a 12-month high of $46.97. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 1.07 and a beta of 0.86.

Global Industrial (NYSE:GIC) last issued its earnings results on Tuesday, October 29th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.14). Global Industrial had a net margin of 4.92% and a return on equity of 24.53%. The firm had revenue of $342.40 million during the quarter, compared to analyst estimates of $353.44 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. Equities research analysts expect that Global Industrial will post 1.62 EPS for the current year.

Global Industrial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.63%. Global Industrial’s payout ratio is presently 58.82%.

Insider Buying and Selling

In related news, Vice Chairman Bruce Leeds sold 5,840 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $28.28, for a total transaction of $165,155.20. Following the completion of the sale, the insider now owns 23,675 shares in the company, valued at $669,529. This trade represents a 19.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 65.30% of the stock is owned by corporate insiders.

About Global Industrial

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.