Global Industrial (NYSE:GIC) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in Global Industrial (NYSE:GIC) by 0.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 238,077 shares of the company’s stock after acquiring an additional 1,028 shares during the quarter. Bank of New York Mellon Corp owned 0.63% of Global Industrial worth $6,611,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. HRT Financial LP acquired a new position in shares of Global Industrial in the first quarter worth about $3,195,000. BlackRock Inc. boosted its holdings in shares of Global Industrial by 12.7% in the first quarter. BlackRock Inc. now owns 1,011,850 shares of the company’s stock worth $27,158,000 after buying an additional 114,143 shares during the period. Jane Street Group LLC acquired a new position in shares of Global Industrial in the first quarter worth about $2,451,000. Advisors Asset Management Inc. boosted its holdings in shares of Global Industrial by 255.0% in the first quarter. Advisors Asset Management Inc. now owns 110,443 shares of the company’s stock worth $3,560,000 after buying an additional 79,329 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Global Industrial by 22.9% in the first quarter. Renaissance Technologies LLC now owns 353,774 shares of the company’s stock worth $9,495,000 after buying an additional 65,900 shares during the period. 31.02% of the stock is owned by institutional investors and hedge funds.

Global Industrial Price Performance

Shares of GIC opened at $36.64 on Tuesday. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 1.23 and a beta of 0.70. The company has a 50-day moving average of $33.73 and a two-hundred day moving average of $30.35. Global Industrial has a one year low of $20.52 and a one year high of $37.31.

Global Industrial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 13th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Friday, November 10th. Global Industrial’s dividend payout ratio is currently 44.20%.

Global Industrial Company Profile

Global Industrial Company operates as a value-added industrial distributor of industrial and maintenance, repair, and operation (MRO) products in North America. The company offers industrial and MRO products under Global, GlobalIndustrial.com, Nexel, Paramount, and Interion trademarks. It offers products, including 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, food service and retail, medical and laboratory, motors and power transmission, building supplies, machining, fasteners and hardware, vehicle maintenance, and raw materials.