Global Industrial (NYSE:GIC) Stake Cut by GW&K Investment Management LLC

GW&K Investment Management LLC cut its position in shares of Global Industrial (NYSE:GICFree Report) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 189,417 shares of the company’s stock after selling 9,700 shares during the period. GW&K Investment Management LLC’s holdings in Global Industrial were worth $7,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Trexquant Investment LP lifted its stake in Global Industrial by 60.3% during the fourth quarter. Trexquant Investment LP now owns 12,574 shares of the company’s stock worth $488,000 after purchasing an additional 4,732 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in Global Industrial by 18.6% during the fourth quarter. Panagora Asset Management Inc. now owns 61,257 shares of the company’s stock worth $2,379,000 after purchasing an additional 9,589 shares during the last quarter. Jump Financial LLC lifted its stake in Global Industrial by 94.1% during the fourth quarter. Jump Financial LLC now owns 11,841 shares of the company’s stock worth $460,000 after purchasing an additional 5,741 shares during the last quarter. Summit Global Investments bought a new stake in Global Industrial in the fourth quarter valued at $255,000. Finally, Los Angeles Capital Management LLC lifted its stake in Global Industrial by 175.9% in the fourth quarter. Los Angeles Capital Management LLC now owns 44,730 shares of the company’s stock valued at $1,737,000 after buying an additional 28,520 shares during the last quarter. 31.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Global Industrial

In other Global Industrial news, Vice Chairman Bruce Leeds sold 380,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $41.15, for a total value of $15,637,000.00. Following the sale, the insider now directly owns 139,800 shares in the company, valued at $5,752,770. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 65.30% of the stock is currently owned by company insiders.

Global Industrial Stock Performance

GIC stock opened at $35.32 on Thursday. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 1.11 and a beta of 0.92. Global Industrial has a 1 year low of $24.48 and a 1 year high of $46.97. The stock’s fifty day moving average is $40.48 and its two-hundred day moving average is $40.12.

Global Industrial (NYSE:GICGet Free Report) last posted its earnings results on Tuesday, April 30th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). The company had revenue of $323.40 million during the quarter, compared to the consensus estimate of $322.27 million. Global Industrial had a net margin of 5.34% and a return on equity of 28.39%. As a group, analysts predict that Global Industrial will post 1.96 EPS for the current fiscal year.

Global Industrial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 13th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend was Friday, May 10th. Global Industrial’s payout ratio is 54.35%.

Global Industrial Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Global Industrial (NYSE:GIC)

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