1 week Ago By Defense World Staff
Sei Investments Co. raised its stake in Global Industrial (NYSE:GIC – Free Report) by 42.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The firm owned 8,884 shares of the company’s stock after acquiring an additional 2,645 shares during the period. Sei Investments Co.’s holdings in Global Industrial were worth $220,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Global Industrial by 0.
4% during the third quarter. Charles Schwab Investment Management Inc. now owns 120,803 shares of the company’s stock valued at $4,104,000 after acquiring an additional 456 shares during the period.
The Manufacturers Life Insurance Company lifted its position in Global Industrial by 9.8% in 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.
State Street Corp boosted its stake in Global Industrial by 2.6% during the 3rd quarter. State Street Corp now owns 315,779 shares of the company’s stock valued at $10,727,000 after purchasing an additional 8,136 shares during the period.
Barclays PLC grew its position in Global Industrial by 221.5% in the 3rd quarter. Barclays PLC now owns 30,622 shares of the company’s stock worth $1,041,000 after purchasing an additional 21,097 shares during the last quarter.
Finally, Geode Capital Management LLC increased its stake in shares of Global Industrial by 3.5% in the third quarter. Geode Capital Management LLC now owns 316,083 shares of the company’s stock valued at $10,740,000 after purchasing an additional 10,601 shares during the period.
31.19% of the stock is owned by institutional investors. Global Industrial Trading Up 2.
1 %Shares of NYSE GIC opened at $22.33 on Friday. Global Industrial has a 12-month low of $20.
79 and a 12-month high of $42.45. The company has a market cap of $855.
33 million, a PE ratio of 13.13, a P/E/G ratio of 0.93 and a beta of 0.
85. The stock has a 50 day simple moving average of $23.12 and a 200-day simple moving average of $26.
37. Global Industrial (NYSE:GIC – Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.
27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03).
The business had revenue of $302.30 million for the quarter, compared to analyst estimates of $306.07 million.
Global Industrial had a return on equity of 24.53% and a net margin of 4.92%.
Sell-side analysts forecast that Global Industrial will post 1.59 earnings per share for the current fiscal year. Global Industrial Increases DividendThe business also recently announced a quarterly dividend, which was paid on Monday, March 17th.
Investors of record on Monday, March 10th were given a $0.26 dividend. This represents a $1.
04 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date of this dividend was Monday, March 10th.
This is a positive change from Global Industrial’s previous quarterly dividend of $0.25. Global Industrial’s dividend payout ratio is currently 66.
24%. 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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