Global Industrial (NYSE:GIC) Holdings Raised by Algert Global LLC

Algert Global LLC increased its stake in Global Industrial (NYSE:GIC) by 38.9% during the third quarter, HoldingsChannel reports. The firm owned 39,196 shares of the company’s stock after acquiring an additional 10,980 shares during the period. Algert Global LLC’s holdings in Global Industrial were worth $1,331,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GIC. Charles Schwab Investment Management Inc. boosted 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 acquiring an additional 456 shares during the period. Copeland Capital Management LLC bought a new position in shares of Global Industrial in the 3rd quarter valued at approximately $61,000. Exchange Traded Concepts LLC bought a new position in shares of Global Industrial in the 3rd quarter valued at approximately $309,000. SG Americas Securities LLC bought a new position in Global Industrial in the 3rd quarter worth approximately $281,000. Finally, Point72 Asset Management L.P. increased its position in Global Industrial by 173.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,549 shares of the company’s stock worth $111,000 after buying an additional 2,249 shares during the period. Hedge funds and other institutional investors own 31.19% of the company’s stock.

Global Industrial Stock Up 0.5 %

Shares of NYSE GIC opened at $28.49 on Friday. The business’s 50 day moving average is $31.07 and its two-hundred day moving average is $32.34. The company has a market cap of $1.09 billion, a P/E ratio of 16.76, a P/E/G ratio of 1.10 and a beta of 0.86. Global Industrial has a 12 month low of $25.00 and a 12 month high of $46.97.

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

Global Industrial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, November 11th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend was Friday, November 8th. Global Industrial’s dividend payout ratio is 58.82%.

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.