6 days Ago By ABMN Staff
Sei Investments Co. lifted its position in Global Industrial ( NYSE:GIC – Free Report ) by 42.4% during the fourth quarter, according to its most recent 13F filing with the SEC.
The institutional investor owned 8,884 shares of the company’s stock after buying an additional 2,645 shares during the period. Sei Investments Co.’s holdings in Global Industrial were worth $220,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of GIC. Quantbot Technologies LP grew its holdings in Global Industrial by 150.3% during the fourth quarter.
Quantbot Technologies LP now owns 3,614 shares of the company’s stock worth $90,000 after acquiring an additional 2,170 shares during the period. Semanteon Capital Management LP bought a new position in shares of Global Industrial during the 4th quarter valued at about $219,000. Eaton Financial Holdings Company LLC acquired a new position in shares of Global Industrial in the 4th quarter worth approximately $825,000.
Raymond James Financial Inc. acquired a new stake in shares of Global Industrial during the 4th quarter valued at $4,001,000. Finally, Denali Advisors LLC lifted its holdings in shares of Global Industrial by 44.
4% during the fourth quarter. Denali Advisors LLC now owns 107,300 shares of the company’s stock valued at $2,660,000 after purchasing an additional 33,000 shares during the last quarter. Institutional investors and hedge funds own 31.
19% of the company’s stock. Global Industrial Price Performance Shares of GIC opened at $22.33 on Friday.
The company has a 50-day moving average of $23.12 and a two-hundred day moving average of $26.37.
The stock has a market cap of $855.33 million, a price-to-earnings ratio of 13.13, a PEG ratio of 0.
93 and a beta of 0.85. Global Industrial has a one year low of $20.
79 and a one year high of $42.45. Global Industrial Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th.
Stockholders of record on Monday, March 10th were given a $0.26 dividend. This represents a $1.
04 annualized dividend and a dividend yield of 4.66%. The ex-dividend date was Monday, March 10th.
This is a boost from Global Industrial’s previous quarterly dividend of $0.25. Global Industrial’s dividend payout ratio (DPR) is 66.
24%. About Global Industrial ( 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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