Global Industrial Company $GIC Shares Acquired by Cwm LLC

Cwm LLC lifted its stake in shares of Global Industrial Company (NYSE:GIC) by 185.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,603 shares of the company’s stock after purchasing an additional 2,989 shares during the period. Cwm LLC’s holdings in Global Industrial were worth $124,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of GIC. US Bancorp DE raised its position in Global Industrial by 954.3% during the first quarter. US Bancorp DE now owns 3,068 shares of the company’s stock valued at $69,000 after buying an additional 2,777 shares during the period. Quantbot Technologies LP raised its position in Global Industrial by 25.8% during the first quarter. Quantbot Technologies LP now owns 4,548 shares of the company’s stock valued at $102,000 after buying an additional 934 shares during the period. Russell Investments Group Ltd. raised its position in Global Industrial by 3,930.6% during the first quarter. Russell Investments Group Ltd. now owns 6,852 shares of the company’s stock valued at $153,000 after buying an additional 6,682 shares during the period. Walleye Capital LLC acquired a new position in Global Industrial during the first quarter valued at $258,000. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in Global Industrial during the second quarter valued at $411,000. 31.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on GIC. Zacks Research lowered Global Industrial from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Global Industrial in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised Global Industrial from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 2nd. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Global Industrial has a consensus rating of “Hold”.

Global Industrial Stock Performance

Shares of GIC opened at $28.40 on Friday. The stock has a fifty day moving average price of $35.70 and a two-hundred day moving average price of $30.59. Global Industrial Company has a 52-week low of $20.79 and a 52-week high of $38.79. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 0.92 and a beta of 0.87.

Global Industrial (NYSE:GIC) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.10). Global Industrial had a net margin of 5.11% and a return on equity of 22.85%. The business had revenue of $353.60 million during the quarter, compared to the consensus estimate of $357.00 million. As a group, research analysts predict that Global Industrial Company will post 1.59 EPS for the current fiscal year.

Global Industrial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 10th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.04 annualized dividend and a yield of 3.7%. Global Industrial’s dividend payout ratio is currently 59.43%.

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.