JPMorgan Chase & Co. Increases Stock Holdings in Global Industrial (NYSE:GIC)

JPMorgan Chase & Co. grew its position in Global Industrial (NYSE:GICFree Report) by 39.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,005 shares of the company’s stock after buying an additional 13,105 shares during the quarter. JPMorgan Chase & Co.’s holdings in Global Industrial were worth $1,563,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in Global Industrial by 0.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 120,803 shares of the company’s stock worth $4,104,000 after purchasing an additional 456 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Global Industrial by 9.8% during the 3rd 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 in the last quarter. Sei Investments Co. increased its position in Global Industrial by 7.5% during the 2nd quarter. Sei Investments Co. now owns 22,124 shares of the company’s stock worth $694,000 after purchasing an additional 1,545 shares in the last quarter. Copeland Capital Management LLC purchased a new stake in Global Industrial during the 3rd quarter worth about $61,000. Finally, Point72 Asset Management L.P. increased its position in Global Industrial by 173.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 3,549 shares of the company’s stock worth $111,000 after purchasing an additional 2,249 shares in the last quarter. Hedge funds and other institutional investors own 31.19% of the company’s stock.

Insider Buying and Selling at Global Industrial

In other Global Industrial news, Vice Chairman Bruce Leeds sold 5,840 shares of Global Industrial stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $28.28, for a total value of $165,155.20. Following the completion of the sale, the insider now owns 23,675 shares in the company, valued at $669,529. The trade was a 19.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 65.30% of the stock is owned by company insiders.

Global Industrial Trading Up 0.7 %

Global Industrial stock opened at $25.39 on Friday. The stock has a market cap of $970.47 million, a PE ratio of 14.93, a P/E/G ratio of 0.93 and a beta of 0.88. The stock has a 50-day moving average price of $26.12 and a 200 day moving average price of $30.23. Global Industrial has a 52 week low of $23.09 and a 52 week high of $46.97.

Global Industrial (NYSE:GICGet Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.14). The company had revenue of $342.40 million for the quarter, compared to analysts’ expectations of $353.44 million. Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. During the same quarter in the prior year, the business posted $0.54 EPS. On average, equities analysts predict that Global Industrial will post 1.59 EPS for the current year.

Global Industrial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend was Friday, November 8th. Global Industrial’s dividend payout ratio (DPR) is 58.82%.

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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Institutional Ownership by Quarter for Global Industrial (NYSE:GIC)

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