Global Industrial (NYSE:GIC) Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC cut its position in shares of Global Industrial (NYSE:GIC) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 82,360 shares of the company’s stock after selling 652 shares during the quarter. Isthmus Partners LLC owned 0.22% of Global Industrial worth $2,042,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Global Industrial by 0.4% during the 3rd 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 during the last quarter. Algert Global LLC lifted its holdings in shares of Global Industrial by 38.9% in the third quarter. Algert Global LLC now owns 39,196 shares of the company’s stock valued at $1,331,000 after purchasing an additional 10,980 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Global Industrial by 9.8% in the third 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 stake in shares of Global Industrial by 14.7% during 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 increased its stake in shares of Global Industrial by 101.9% during the 3rd 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 in the last quarter. 31.19% of the stock is currently owned by hedge funds and other institutional investors.

Global Industrial Stock Performance

GIC stock opened at $24.07 on Monday. The stock’s 50 day moving average price is $24.35 and its 200 day moving average price is $28.25. The firm has a market cap of $922.15 million, a P/E ratio of 14.16, a PEG ratio of 0.93 and a beta of 0.85. Global Industrial has a 1 year low of $22.62 and a 1 year high of $46.97.

Global Industrial (NYSE:GIC) last posted its quarterly earnings data 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 net margin of 4.92% and a return on equity of 24.53%. The company had revenue of $302.30 million for the quarter, compared to analyst estimates of $306.07 million. On average, research analysts predict that Global Industrial will post 1.59 earnings per share for the current year.

Global Industrial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a dividend of $0.26 per share. This is an increase from Global Industrial’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.04 annualized dividend and a dividend yield of 4.32%. Global Industrial’s dividend payout ratio is presently 66.24%.

About Global Industrial

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.