Global Industrial (NYSE:GIC) Holdings Decreased by Quest Partners LLC

Quest Partners LLC decreased its holdings in shares of Global Industrial (NYSE:GIC) by 27.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,234 shares of the company’s stock after selling 2,312 shares during the quarter. Quest Partners LLC’s holdings in Global Industrial were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of GIC. Vanguard Group Inc. grew its holdings in shares of Global Industrial by 137.3% during the first quarter. Vanguard Group Inc. now owns 717,231 shares of the company’s stock valued at $32,118,000 after buying an additional 414,924 shares in the last quarter. Millennium Management LLC grew its stake in Global Industrial by 79.4% in the second quarter. Millennium Management LLC now owns 126,107 shares of the company’s stock valued at $3,955,000 after purchasing an additional 55,801 shares in the last quarter. Edgestream Partners L.P. purchased a new position in Global Industrial in the second quarter valued at about $1,017,000. Denali Advisors LLC grew its stake in Global Industrial by 44.5% in the second quarter. Denali Advisors LLC now owns 57,122 shares of the company’s stock valued at $1,791,000 after purchasing an additional 17,600 shares in the last quarter. Finally, Algert Global LLC grew its stake in Global Industrial by 101.2% in the second quarter. Algert Global LLC now owns 28,216 shares of the company’s stock valued at $885,000 after purchasing an additional 14,190 shares in the last quarter. Hedge funds and other institutional investors own 31.19% of the company’s stock.

Global Industrial Price Performance

Shares of NYSE GIC opened at $28.50 on Thursday. The business’s 50-day moving average price is $31.16 and its two-hundred day moving average price is $32.37. Global Industrial has a one year low of $25.00 and a one year high of $46.97. The company has a market capitalization of $1.09 billion, a P/E ratio of 16.68, a price-to-earnings-growth ratio of 1.10 and a beta of 0.86.

Global Industrial (NYSE:GIC) last issued its earnings results on Tuesday, October 29th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.14). Global Industrial had a net margin of 4.92% and a return on equity of 24.53%. The firm had revenue of $342.40 million during the quarter, compared to analysts’ expectations of $353.44 million. During the same quarter last year, the firm earned $0.54 EPS. On average, equities analysts anticipate that Global Industrial will post 1.62 EPS for the current year.

Global Industrial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 3.51%. Global Industrial’s dividend payout ratio (DPR) is currently 58.82%.

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.