Global Industrial (NYSE:GIC) Shares Sold by Strs Ohio

Strs Ohio lessened its stake in Global Industrial (NYSE:GIC) by 14.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,800 shares of the company’s stock after selling 2,600 shares during the quarter. Strs Ohio’s holdings in Global Industrial were worth $613,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GIC. SG Americas Securities LLC purchased a new position in shares of Global Industrial in the 3rd quarter valued at about $102,000. Denali Advisors LLC increased its holdings in shares of Global Industrial by 6.8% in the 3rd quarter. Denali Advisors LLC now owns 39,522 shares of the company’s stock valued at $1,324,000 after purchasing an additional 2,500 shares in the last quarter. Ellsworth Advisors LLC purchased a new position in shares of Global Industrial in the 3rd quarter valued at about $388,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Global Industrial by 178.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,306 shares of the company’s stock valued at $178,000 after acquiring an additional 3,402 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its holdings in Global Industrial by 43.0% during the 3rd quarter. Panagora Asset Management Inc. now owns 51,668 shares of the company’s stock valued at $1,731,000 after acquiring an additional 15,527 shares in the last quarter. Hedge funds and other institutional investors own 31.19% of the company’s stock.

Insider Transactions at Global Industrial

In other news, Vice Chairman Bruce Leeds sold 380,000 shares of Global Industrial stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $41.15, for a total transaction of $15,637,000.00. Following the completion of the sale, the insider now directly owns 139,800 shares in the company, valued at $5,752,770. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 66.34% of the company’s stock.

Global Industrial Trading Down 0.7 %

NYSE:GIC opened at $40.17 on Friday. The firm has a 50-day moving average price of $43.74 and a two-hundred day moving average price of $39.80. Global Industrial has a twelve month low of $20.52 and a twelve month high of $46.97. The company has a market capitalization of $1.53 billion, a P/E ratio of 21.71, a price-to-earnings-growth ratio of 1.26 and a beta of 0.88.

Global Industrial (NYSE:GIC) last posted its earnings results on Thursday, February 29th. The company reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. Global Industrial had a net margin of 5.55% and a return on equity of 29.76%. The firm had revenue of $320.10 million during the quarter, compared to the consensus estimate of $313.50 million. On average, equities research analysts predict that Global Industrial will post 2.03 earnings per share for the current year.

Global Industrial Increases Dividend

The company also recently declared 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. The ex-dividend date was Friday, March 8th. This is an increase from Global Industrial’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.49%. Global Industrial’s payout ratio is 54.05%.

About Global Industrial

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.