Barclays PLC Acquires 21,097 Shares of Global Industrial (NYSE:GIC)

Barclays PLC lifted its holdings in shares of Global Industrial (NYSE:GIC) by 221.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 30,622 shares of the company’s stock after purchasing an additional 21,097 shares during the period. Barclays PLC’s holdings in Global Industrial were worth $1,041,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. FMR LLC grew its holdings in shares of Global Industrial by 14.7% during the third quarter. FMR LLC now owns 2,534,156 shares of the company’s stock worth $86,085,000 after purchasing an additional 325,555 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Global Industrial by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,022,574 shares of the company’s stock worth $32,067,000 after purchasing an additional 6,602 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Global Industrial by 2.7% during the second quarter. Renaissance Technologies LLC now owns 345,174 shares of the company’s stock worth $10,825,000 after purchasing an additional 9,200 shares during the last quarter. State Street Corp grew its holdings in shares of Global Industrial by 2.6% during the third quarter. State Street Corp now owns 315,779 shares of the company’s stock worth $10,727,000 after purchasing an additional 8,136 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Global Industrial by 101.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 177,884 shares of the company’s stock worth $6,043,000 after purchasing an additional 89,780 shares during the last quarter. Institutional investors own 31.19% of the company’s stock.

Global Industrial Stock Down 0.2 %

Global Industrial stock opened at $24.71 on Tuesday. The business’s 50-day simple moving average is $28.12 and its 200 day simple moving average is $31.14. The stock has a market cap of $944.69 million, a price-to-earnings ratio of 14.54, a P/E/G ratio of 1.07 and a beta of 0.86. Global Industrial has a 12-month low of $24.28 and a 12-month high of $46.97.

Global Industrial (NYSE:GIC) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.14). The firm had revenue of $342.40 million during the quarter, compared to the consensus estimate of $353.44 million. Global Industrial had a net margin of 4.92% and a return on equity of 24.53%. During the same quarter in the prior year, the business earned $0.54 EPS. As a group, sell-side analysts expect that Global Industrial will post 1.62 EPS for the current year.

Global Industrial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date was Friday, November 8th. Global Industrial’s dividend payout ratio (DPR) is currently 58.82%.

Insiders Place Their Bets

In other news, Vice Chairman Bruce Leeds sold 5,840 shares of Global Industrial stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $28.28, for a total transaction of $165,155.20. Following the transaction, the insider now owns 23,675 shares in the company, valued at $669,529. The trade was a 19.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 65.30% of the company’s stock.

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.