Hillsdale Investment Management Inc. Takes $3.82 Million Position in Global Industrial (NYSE:GIC)

Hillsdale Investment Management Inc. bought a new stake in shares of Global Industrial (NYSE:GIC) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 85,397 shares of the company’s stock, valued at approximately $3,824,000.

A number of other large investors have also recently made changes to their positions in GIC. Vanguard Group Inc. boosted its stake 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 purchasing an additional 414,924 shares during the period. Mawer Investment Management Ltd. lifted its stake in Global Industrial by 3.2% in the first quarter. Mawer Investment Management Ltd. now owns 2,002,426 shares of the company’s stock worth $89,669,000 after acquiring an additional 62,777 shares during the period. 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 worth $1,737,000 after acquiring an additional 28,520 shares during the period. Isthmus Partners LLC lifted its stake in Global Industrial by 38.4% in the first quarter. Isthmus Partners LLC now owns 96,047 shares of the company’s stock worth $4,301,000 after acquiring an additional 26,655 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Global Industrial in the fourth quarter worth about $526,000. 31.19% of the stock is owned by hedge funds and other institutional investors.

Global Industrial Stock Up 2.1 %

NYSE:GIC traded up $0.69 during mid-day trading on Monday, reaching $34.31. The company’s stock had a trading volume of 48,175 shares, compared to its average volume of 82,265. The firm has a market capitalization of $1.31 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 1.09 and a beta of 0.85. The stock has a fifty day moving average of $33.07 and a 200-day moving average of $38.79. Global Industrial has a 1 year low of $27.37 and a 1 year high of $46.97.

Global Industrial (NYSE:GIC) last announced its earnings results on Tuesday, April 30th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.04). The firm had revenue of $323.40 million during the quarter, compared to the consensus estimate of $322.27 million. Global Industrial had a return on equity of 28.39% and a net margin of 5.34%. On average, analysts expect that Global Industrial will post 1.93 earnings per share for the current year.

Global Industrial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 13th were issued a $0.25 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.00 dividend on an annualized basis and a yield of 2.91%. Global Industrial’s dividend payout ratio is presently 54.35%.

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.