Global Industrial (NYSE:GIC) Shares Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP increased its position in shares of Global Industrial (NYSE:GIC) by 118.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 19,551 shares of the company’s stock after buying an additional 10,594 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Global Industrial were worth $485,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in GIC. New Age Alpha Advisors LLC bought a new stake in shares of Global Industrial in the 4th quarter worth approximately $50,000. Quantbot Technologies LP increased its holdings in shares of Global Industrial by 150.3% in the fourth quarter. Quantbot Technologies LP now owns 3,614 shares of the company’s stock valued at $90,000 after buying an additional 2,170 shares in the last quarter. Semanteon Capital Management LP acquired a new stake in shares of Global Industrial during the 4th quarter valued at $219,000. Sei Investments Co. boosted its stake in shares of Global Industrial by 42.4% during the 4th quarter. Sei Investments Co. now owns 8,884 shares of the company’s stock worth $220,000 after acquiring an additional 2,645 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Global Industrial in the 4th quarter worth $283,000. 31.19% of the stock is currently owned by institutional investors and hedge funds.

Global Industrial Stock Up 2.1 %

Shares of Global Industrial stock 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 firm has a market capitalization of $855.33 million, a PE ratio of 13.13, a price-to-earnings-growth ratio of 0.93 and a beta of 0.85. The stock’s fifty day moving average is $23.12 and its 200-day moving average is $26.37.

Global Industrial (NYSE:GIC) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). The firm had revenue of $302.30 million for the quarter, compared to analysts’ expectations of $306.07 million. Global Industrial had a net margin of 4.92% and a return on equity of 24.53%. Analysts expect that Global Industrial will post 1.59 EPS for the current year.

Global Industrial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.66%. This is a boost from Global Industrial’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 10th. Global Industrial’s payout ratio is presently 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.