Global Industrial (NYSE:GIC) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in Global Industrial (NYSE:GIC) by 139.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,941 shares of the company’s stock after acquiring an additional 63,936 shares during the quarter. JPMorgan Chase & Co. owned 0.29% of Global Industrial worth $2,725,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its position in Global Industrial by 2.6% during the 3rd quarter. State Street Corp now owns 315,779 shares of the company’s stock worth $10,727,000 after purchasing an additional 8,136 shares during the period. Barclays PLC boosted its stake in shares of Global Industrial by 221.5% in the third quarter. Barclays PLC now owns 30,622 shares of the company’s stock worth $1,041,000 after buying an additional 21,097 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Global Industrial by 3.5% in the third quarter. Geode Capital Management LLC now owns 316,083 shares of the company’s stock worth $10,740,000 after buying an additional 10,601 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in Global Industrial by 26.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 11,465 shares of the company’s stock worth $284,000 after acquiring an additional 2,364 shares during the period. Finally, Rhumbline Advisers raised its position in Global Industrial by 102.0% during the fourth quarter. Rhumbline Advisers now owns 38,697 shares of the company’s stock valued at $959,000 after acquiring an additional 19,543 shares in the last quarter. Hedge funds and other institutional investors own 31.19% of the company’s stock.

Global Industrial Trading Up 2.2 %

Global Industrial stock opened at $21.74 on Wednesday. The firm has a market cap of $832.69 million, a PE ratio of 12.79, a P/E/G ratio of 0.93 and a beta of 0.85. Global Industrial has a 12 month low of $20.79 and a 12 month high of $41.38. The stock’s 50 day simple moving average is $22.82 and its two-hundred day simple moving average is $25.81.

Global Industrial (NYSE:GIC) last posted its earnings results on Tuesday, February 25th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.03). The firm had revenue of $302.30 million during the quarter, compared to analyst estimates of $306.07 million. Global Industrial had a net margin of 4.92% and a return on equity of 24.53%. On average, equities research analysts forecast that Global Industrial will post 1.59 EPS for the current year.

Global Industrial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.26 per share. The ex-dividend date was Monday, March 10th. This is a boost from Global Industrial’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.78%. Global Industrial’s dividend payout ratio (DPR) is 66.24%.

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.