Cwm LLC Raises Stake in Global Industrial Company (NYSE:GIC)

Cwm LLC raised its position in Global Industrial Company (NYSE:GIC) by 187.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,614 shares of the company’s stock after acquiring an additional 1,053 shares during the quarter. Cwm LLC’s holdings in Global Industrial were worth $36,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC increased its stake in Global Industrial by 4.8% in the 4th quarter. Nuveen Asset Management LLC now owns 57,688 shares of the company’s stock valued at $1,430,000 after buying an additional 2,645 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Global Industrial by 1,600.0% during the 1st quarter. GAMMA Investing LLC now owns 2,397 shares of the company’s stock worth $54,000 after acquiring an additional 2,256 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Global Industrial by 135.5% during the 1st quarter. SG Americas Securities LLC now owns 18,780 shares of the company’s stock worth $421,000 after acquiring an additional 10,806 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Global Industrial by 50.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,446 shares of the company’s stock worth $1,102,000 after acquiring an additional 14,999 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Global Industrial by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 319,056 shares of the company’s stock valued at $7,912,000 after buying an additional 2,973 shares during the period. Hedge funds and other institutional investors own 31.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Global Industrial from a “buy” rating to a “strong-buy” rating in a research report on Saturday.

Global Industrial Price Performance

NYSE:GIC opened at $34.57 on Tuesday. Global Industrial Company has a fifty-two week low of $20.79 and a fifty-two week high of $35.05. The stock’s 50-day moving average is $27.75 and its two-hundred day moving average is $25.23. The stock has a market cap of $1.33 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.06 and a beta of 0.80.

Global Industrial (NYSE:GIC) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.50 by $0.15. The business had revenue of $358.90 million during the quarter, compared to analysts’ expectations of $351.81 million. Global Industrial had a return on equity of 22.89% and a net margin of 5.00%. On average, equities research analysts anticipate that Global Industrial Company will post 1.59 earnings per share for the current year.

Global Industrial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, August 11th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, August 11th. Global Industrial’s payout ratio is 60.82%.

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.