Two Sigma Investments LP Grows Holdings in Global Industrial (NYSE:GIC)

Two Sigma Investments LP raised its position in Global Industrial (NYSE:GIC) by 24.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,842 shares of the company’s stock after buying an additional 13,630 shares during the period. Two Sigma Investments LP owned approximately 0.18% of Global Industrial worth $1,707,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GIC. Tower Research Capital LLC TRC increased its holdings in Global Industrial by 340.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,560 shares of the company’s stock worth $39,000 after purchasing an additional 1,206 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Global Industrial during the 4th quarter valued at approximately $50,000. Quantbot Technologies LP grew its position in shares of Global Industrial by 150.3% during the fourth quarter. Quantbot Technologies LP now owns 3,614 shares of the company’s stock worth $90,000 after buying an additional 2,170 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Global Industrial by 44.4% in the fourth quarter. Wells Fargo & Company MN now owns 7,058 shares of the company’s stock worth $175,000 after buying an additional 2,170 shares during the last quarter. Finally, MetLife Investment Management LLC raised its holdings in Global Industrial by 13.6% in the fourth quarter. MetLife Investment Management LLC now owns 8,215 shares of the company’s stock valued at $204,000 after acquiring an additional 982 shares in the last quarter. 31.19% of the stock is currently owned by institutional investors and hedge funds.

Global Industrial Stock Performance

Shares of Global Industrial stock opened at $26.19 on Tuesday. Global Industrial has a 1 year low of $20.79 and a 1 year high of $36.17. The firm’s 50-day simple moving average is $24.09 and its 200-day simple moving average is $24.68. The firm has a market cap of $1.00 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 0.93 and a beta of 0.82.

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

Global Industrial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 12th were paid a dividend of $0.26 per share. The ex-dividend date was Monday, May 12th. This represents a $1.04 annualized dividend and a yield of 3.97%. Global Industrial’s payout ratio is 65.82%.

Global Industrial Company 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.