1 day Ago By ABMN Staff
Trexquant Investment LP acquired a new stake in Global Industrial ( NYSE:GIC – Free Report ) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 12,034 shares of the company’s stock, valued at approximately $298,000. Other hedge funds and other institutional investors also recently made changes to their positions in the company.
Raymond James Financial Inc. bought a new position in Global Industrial in the fourth quarter valued at about $4,001,000. Bank of New York Mellon Corp boosted its stake in shares of Global Industrial by 65.
6% in the 4th quarter. Bank of New York Mellon Corp now owns 319,282 shares of the company’s stock valued at $7,915,000 after purchasing an additional 126,431 shares during the last quarter. JPMorgan Chase & Co.
grew its position in shares of Global Industrial by 139.0% during the 4th quarter. JPMorgan Chase & Co.
now owns 109,941 shares of the company’s stock worth $2,725,000 after buying an additional 63,936 shares during the period. Eaton Financial Holdings Company LLC bought a new stake in shares of Global Industrial during the fourth quarter worth approximately $825,000. Finally, Denali Advisors LLC lifted its holdings in Global Industrial by 44.
4% in the fourth quarter. Denali Advisors LLC now owns 107,300 shares of the company’s stock valued at $2,660,000 after buying an additional 33,000 shares during the period. 31.
19% of the stock is owned by institutional investors and hedge funds. Global Industrial Stock Performance GIC opened at $22.33 on Monday.
The company has a fifty day moving average price of $23.12 and a two-hundred day moving average price of $26.32.
The firm has a market capitalization of $855.33 million, a PE ratio of 13.13, a P/E/G ratio of 0.
93 and a beta of 0.85. Global Industrial has a 52 week low of $20.
79 and a 52 week high of $42.45. Global Industrial Increases Dividend The company also recently declared 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 dividend yield of 4.66%. This is an increase from Global Industrial’s previous quarterly dividend of $0.
25. The ex-dividend date of this dividend was Monday, March 10th. Global Industrial’s dividend payout ratio (DPR) is currently 66.
24%. Global Industrial 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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