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, HoldingsChannel.com reports. The fund owned 82,360 shares of the company’s stock after selling 652 shares during the period. Isthmus Partners LLC’s holdings in Global Industrial were worth $2,042,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Exchange Traded Concepts LLC increased its position in Global Industrial by 26.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 11,465 shares of the company’s stock worth $284,000 after purchasing an additional 2,364 shares in the last quarter. The Manufacturers Life Insurance Company boosted 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 worth $299,000 after buying an additional 786 shares during the period. New York State Common Retirement Fund boosted its holdings in Global Industrial by 34.6% in the 4th quarter. New York State Common Retirement Fund now owns 37,772 shares of the company’s stock worth $936,000 after acquiring an additional 9,700 shares during the period. Rhumbline Advisers boosted its stake in shares of Global Industrial by 102.0% in the fourth quarter. Rhumbline Advisers now owns 38,697 shares of the company’s stock valued at $959,000 after purchasing an additional 19,543 shares during the period. Finally, Barclays PLC grew its holdings in Global Industrial by 221.5% during the 3rd quarter. Barclays PLC now owns 30,622 shares of the company’s stock valued at $1,041,000 after purchasing an additional 21,097 shares in the last quarter. 31.19% of the stock is currently owned by hedge funds and other institutional investors.

Global Industrial Stock Up 1.2 %

GIC stock opened at $24.07 on Monday. The stock’s 50 day moving average is $24.35 and its two-hundred day moving average is $28.25. Global Industrial has a 52-week low of $22.62 and a 52-week high of $46.97. The company has a market capitalization of $922.15 million, a PE ratio of 14.16, a P/E/G ratio of 0.93 and a beta of 0.85.

Global Industrial (NYSE:GIC) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.03). Global Industrial had a net margin of 4.92% and a return on equity of 24.53%. The firm had revenue of $302.30 million for the quarter, compared to analyst estimates of $306.07 million. As a group, sell-side analysts anticipate that Global Industrial will post 1.59 EPS for the current year.

Global Industrial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a dividend of $0.26 per share. 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%. 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

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.