UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 14,999 Shares of Global Industrial (NYSE:GIC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Global Industrial (NYSE:GIC) by 50.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,446 shares of the company’s stock after buying an additional 14,999 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.12% of Global Industrial worth $1,102,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GIC. Rhumbline Advisers grew its stake in shares of Global Industrial by 102.0% in the 4th quarter. Rhumbline Advisers now owns 38,697 shares of the company’s stock valued at $959,000 after buying an additional 19,543 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Global Industrial by 34.6% in the 4th quarter. New York State Common Retirement Fund now owns 37,772 shares of the company’s stock valued at $936,000 after buying an additional 9,700 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Global Industrial by 65.6% in the 4th quarter. Bank of New York Mellon Corp now owns 319,282 shares of the company’s stock valued at $7,915,000 after buying an additional 126,431 shares in the last quarter. Denali Advisors LLC grew its stake in shares of Global Industrial by 44.4% in the 4th quarter. Denali Advisors LLC now owns 107,300 shares of the company’s stock valued at $2,660,000 after buying an additional 33,000 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Global Industrial in the 4th quarter valued at approximately $4,001,000. Institutional investors own 31.19% of the company’s stock.

Global Industrial Stock Performance

Shares of NYSE GIC opened at $27.02 on Tuesday. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 0.93 and a beta of 0.80. The business has a 50 day simple moving average of $24.52 and a 200 day simple moving average of $24.66. Global Industrial has a 52 week low of $20.79 and a 52 week high of $36.17.

Global Industrial (NYSE:GIC) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.20 by $0.15. The business had revenue of $321.00 million during 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%. On average, analysts predict that Global Industrial will post 1.59 EPS for the current year.

Global Industrial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Monday, May 12th were given a dividend of $0.26 per share. The ex-dividend date was Monday, May 12th. This represents a $1.04 dividend on an annualized basis and a yield of 3.85%. 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.