Semanteon Capital Management LP Takes Position in Global Industrial (NYSE:GIC)

Semanteon Capital Management LP purchased a new position in Global Industrial (NYSE:GIC) during the fourth quarter, HoldingsChannel reports. The firm purchased 8,846 shares of the company’s stock, valued at approximately $219,000.

Several other institutional investors also recently bought and sold shares of GIC. Charles Schwab Investment Management Inc. lifted its stake in shares of Global Industrial by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 120,803 shares of the company’s stock worth $4,104,000 after buying an additional 456 shares in the last quarter. Algert Global LLC lifted its position in Global Industrial by 38.9% in the 3rd quarter. Algert Global LLC now owns 39,196 shares of the company’s stock valued at $1,331,000 after acquiring an additional 10,980 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Global Industrial by 9.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 8,808 shares of the company’s stock valued at $299,000 after purchasing an additional 786 shares during the last quarter. FMR LLC increased its holdings in shares of Global Industrial by 14.7% in the 3rd 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 in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in shares of Global Industrial by 101.9% in 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. 31.19% of the stock is owned by hedge funds and other institutional investors.

Global Industrial Price Performance

Global Industrial stock opened at $22.48 on Friday. Global Industrial has a one year low of $22.09 and a one year high of $45.80. The business’s fifty day moving average is $24.03 and its 200 day moving average is $27.54. The stock has a market capitalization of $861.04 million, a PE ratio of 13.22, a price-to-earnings-growth ratio of 0.93 and a beta of 0.85.

Global Industrial (NYSE:GIC) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. The company had revenue of $302.30 million during the quarter, compared to the consensus estimate of $306.07 million. As a group, sell-side analysts expect that Global Industrial will post 1.59 EPS for the current fiscal year.

Global Industrial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $0.26 per share. The ex-dividend date was Monday, March 10th. This is a positive change from Global Industrial’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 4.63%. Global Industrial’s payout ratio is currently 66.24%.

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.