Nuveen Asset Management LLC Has $1.43 Million Holdings in Global Industrial (NYSE:GIC)

Nuveen Asset Management LLC lifted its stake in shares of Global Industrial (NYSE:GIC) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,688 shares of the company’s stock after buying an additional 2,645 shares during the period. Nuveen Asset Management LLC owned about 0.15% of Global Industrial worth $1,430,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of Global Industrial by 340.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,560 shares of the company’s stock valued at $39,000 after buying 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 fourth quarter valued at approximately $50,000. Quantbot Technologies LP boosted 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 valued at $90,000 after buying an additional 2,170 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Global Industrial by 44.4% during the fourth quarter. Wells Fargo & Company MN now owns 7,058 shares of the company’s stock valued at $175,000 after buying an additional 2,170 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of Global Industrial by 13.6% during the fourth quarter. MetLife Investment Management LLC now owns 8,215 shares of the company’s stock valued at $204,000 after buying an additional 982 shares during the last quarter. Hedge funds and other institutional investors own 31.19% of the company’s stock.

Global Industrial Stock Up 3.6%

Shares of NYSE:GIC opened at $27.13 on Wednesday. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 0.93 and a beta of 0.82. Global Industrial has a 12-month low of $20.79 and a 12-month high of $36.17. The business’s 50 day moving average is $24.16 and its 200 day moving average is $24.70.

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

Global Industrial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 12th were given a $0.26 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.04 annualized dividend and a yield of 3.83%. Global Industrial’s dividend payout ratio is currently 65.82%.

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.