Global Industrial (NYSE:GIC) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its position in shares of Global Industrial (NYSE:GIC) by 26.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 11,465 shares of the company’s stock after purchasing an additional 2,364 shares during the period. Exchange Traded Concepts LLC’s holdings in Global Industrial were worth $284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. Copeland Capital Management LLC bought a new position in shares of Global Industrial in the 3rd quarter worth about $61,000. Point72 Asset Management L.P. raised its stake in Global Industrial by 173.0% during the second quarter. Point72 Asset Management L.P. now owns 3,549 shares of the company’s stock worth $111,000 after acquiring an additional 2,249 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Global Industrial by 12.9% in the second quarter. The Manufacturers Life Insurance Company now owns 8,022 shares of the company’s stock worth $252,000 after acquiring an additional 919 shares during the last quarter. SG Americas Securities LLC bought a new position in Global Industrial in the third quarter worth about $281,000. Finally, Sei Investments Co. boosted its stake in Global Industrial by 7.5% in the second quarter. Sei Investments Co. now owns 22,124 shares of the company’s stock valued at $694,000 after acquiring an additional 1,545 shares during the period. Institutional investors and hedge funds own 31.19% of the company’s stock.

Insider Transactions at Global Industrial

In other news, Vice Chairman Bruce Leeds sold 5,840 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $28.28, for a total transaction of $165,155.20. Following the completion of the transaction, the insider now directly owns 23,675 shares in the company, valued at approximately $669,529. The trade was a 19.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 65.30% of the company’s stock.

Global Industrial Trading Down 2.8 %

Shares of Global Industrial stock opened at $24.72 on Friday. The stock has a market capitalization of $945.07 million, a price-to-earnings ratio of 14.54, a PEG ratio of 0.93 and a beta of 0.88. Global Industrial has a twelve month low of $23.09 and a twelve month high of $46.97. The business’s 50 day simple moving average is $25.85 and its 200-day simple moving average is $29.97.

Global Industrial (NYSE:GIC) last issued its earnings results on Tuesday, October 29th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.14). Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. The company had revenue of $342.40 million during the quarter, compared to analyst estimates of $353.44 million. During the same period in the prior year, the business earned $0.54 earnings per share. Sell-side analysts predict that Global Industrial will post 1.59 earnings per share for the current year.

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.