SG Americas Securities LLC Purchases 1,390 Shares of Global Industrial (NYSE:GIC)

SG Americas Securities LLC raised its stake in Global Industrial (NYSE:GIC) by 45.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,447 shares of the company’s stock after acquiring an additional 1,390 shares during the quarter. SG Americas Securities LLC’s holdings in Global Industrial were worth $173,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Hsbc Holdings PLC grew its position in Global Industrial by 1.8% in the third quarter. Hsbc Holdings PLC now owns 31,061 shares of the company’s stock valued at $1,040,000 after acquiring an additional 537 shares during the period. Tower Research Capital LLC TRC grew its position in Global Industrial by 122.6% in the first quarter. Tower Research Capital LLC TRC now owns 1,015 shares of the company’s stock valued at $27,000 after acquiring an additional 559 shares during the period. Citigroup Inc. grew its position in Global Industrial by 116.1% in the first quarter. Citigroup Inc. now owns 1,113 shares of the company’s stock valued at $30,000 after acquiring an additional 598 shares during the period. Alliancebernstein L.P. grew its position in Global Industrial by 8.1% in the third quarter. Alliancebernstein L.P. now owns 7,971 shares of the company’s stock valued at $214,000 after acquiring an additional 600 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Global Industrial by 0.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 114,695 shares of the company’s stock valued at $3,185,000 after acquiring an additional 728 shares during the period. 31.19% of the stock is currently owned by institutional investors.

Insider Transactions at Global Industrial

In other news, Vice Chairman Bruce Leeds sold 380,000 shares of the stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $41.15, for a total transaction of $15,637,000.00. Following the sale, the insider now owns 139,800 shares in the company, valued at $5,752,770. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 66.34% of the company’s stock.

Global Industrial Price Performance

Shares of NYSE:GIC opened at $41.81 on Monday. The business’s fifty day moving average price is $44.48 and its two-hundred day moving average price is $39.41. Global Industrial has a fifty-two week low of $20.52 and a fifty-two week high of $46.97. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 1.29 and a beta of 0.88.

Global Industrial (NYSE:GIC) last announced its earnings results on Thursday, February 29th. The company reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. The company had revenue of $320.10 million for the quarter, compared to analysts’ expectations of $313.50 million. Global Industrial had a return on equity of 29.76% and a net margin of 5.55%. Research analysts expect that Global Industrial will post 2.03 EPS for the current fiscal year.

Global Industrial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Friday, March 8th. This is a boost from Global Industrial’s previous quarterly dividend of $0.20. Global Industrial’s dividend payout ratio is presently 54.05%.

Global Industrial 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.