Price T Rowe Associates Inc. MD Has $427,000 Position in Global Industrial (NYSE:GIC)

Price T Rowe Associates Inc. MD grew its holdings in Global Industrial (NYSE:GIC) by 19.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,224 shares of the company’s stock after purchasing an additional 2,834 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Global Industrial were worth $427,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its stake in Global Industrial by 65.6% in the fourth quarter. Bank of New York Mellon Corp now owns 319,282 shares of the company’s stock worth $7,915,000 after purchasing an additional 126,431 shares in the last quarter. Geode Capital Management LLC boosted its stake in Global Industrial by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 319,056 shares of the company’s stock worth $7,912,000 after purchasing an additional 2,973 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Global Industrial in the fourth quarter worth $4,001,000. JPMorgan Chase & Co. boosted its stake in Global Industrial by 139.0% in the fourth quarter. JPMorgan Chase & Co. now owns 109,941 shares of the company’s stock worth $2,725,000 after purchasing an additional 63,936 shares in the last quarter. Finally, Denali Advisors LLC boosted its stake in Global Industrial by 44.4% in the fourth quarter. Denali Advisors LLC now owns 107,300 shares of the company’s stock worth $2,660,000 after purchasing an additional 33,000 shares in the last quarter. Institutional investors and hedge funds own 31.19% of the company’s stock.

Global Industrial Stock Performance

Global Industrial stock opened at $26.39 on Thursday. The firm has a market cap of $1.01 billion, a P/E ratio of 15.52, a P/E/G ratio of 0.93 and a beta of 0.82. Global Industrial has a 52 week low of $20.79 and a 52 week high of $36.17. The business’s fifty day moving average is $23.09 and its two-hundred day moving average is $24.90.

Global Industrial (NYSE:GIC) last released its earnings results on Tuesday, April 29th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.15. The company had revenue of $321.00 million during the quarter, compared to the consensus estimate of $307.15 million. Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. On average, equities research analysts predict that Global Industrial will post 1.59 earnings per share for the current year.

Global Industrial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Stockholders of record on Monday, May 12th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, May 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.94%. Global Industrial’s payout ratio is currently 65.82%.

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.