34,308 Shares in Global Industrial Company $GIC Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC bought a new stake in shares of Global Industrial Company (NYSE:GIC) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 34,308 shares of the company’s stock, valued at approximately $768,000. Cubist Systematic Strategies LLC owned approximately 0.09% of Global Industrial as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC raised its position in Global Industrial by 187.7% during the 1st quarter. CWM LLC now owns 1,614 shares of the company’s stock valued at $36,000 after purchasing an additional 1,053 shares in the last quarter. Tower Research Capital LLC TRC raised its position 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 valued at $39,000 after purchasing an additional 1,206 shares in the last quarter. GAMMA Investing LLC raised its position in Global Industrial by 1,600.0% during the 1st quarter. GAMMA Investing LLC now owns 2,397 shares of the company’s stock valued at $54,000 after purchasing an additional 2,256 shares in the last quarter. US Bancorp DE raised its position in Global Industrial by 954.3% during the 1st quarter. US Bancorp DE now owns 3,068 shares of the company’s stock valued at $69,000 after purchasing an additional 2,777 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in Global Industrial by 25.8% during the 1st quarter. Quantbot Technologies LP now owns 4,548 shares of the company’s stock valued at $102,000 after purchasing an additional 934 shares in the last quarter. 31.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Global Industrial from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd.

Global Industrial Price Performance

GIC opened at $37.44 on Wednesday. The business’s 50-day moving average is $32.64 and its two-hundred day moving average is $27.33. Global Industrial Company has a 1 year low of $20.79 and a 1 year high of $38.79. The firm has a market capitalization of $1.44 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 1.23 and a beta of 0.84.

Global Industrial (NYSE:GIC) last posted its earnings results on Tuesday, July 29th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.15. Global Industrial had a return on equity of 22.89% and a net margin of 5.00%.The company had revenue of $358.90 million for the quarter, compared to analyst estimates of $351.81 million. As a group, sell-side analysts expect that Global Industrial Company will post 1.59 EPS for the current year.

Global Industrial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 11th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, August 11th. Global Industrial’s dividend payout ratio is currently 60.82%.

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.