J. Goldman & Co LP Has $12.26 Million Position in Global Industrial (NYSE:GIC)

J. Goldman & Co LP raised its position in Global Industrial (NYSE:GIC) by 559.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 494,650 shares of the company’s stock after buying an additional 419,672 shares during the quarter. J. Goldman & Co LP owned 1.29% of Global Industrial worth $12,262,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its stake in shares of Global Industrial by 340.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,560 shares of the company’s stock valued at $39,000 after acquiring an additional 1,206 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in Global Industrial in the 4th quarter valued at about $50,000. Quantbot Technologies LP boosted its holdings in Global Industrial by 150.3% in the 4th quarter. Quantbot Technologies LP now owns 3,614 shares of the company’s stock valued at $90,000 after purchasing an additional 2,170 shares during the period. Wells Fargo & Company MN grew its position in shares of Global Industrial by 44.4% during the 4th quarter. Wells Fargo & Company MN now owns 7,058 shares of the company’s stock worth $175,000 after purchasing an additional 2,170 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of Global Industrial by 13.6% during the fourth quarter. MetLife Investment Management LLC now owns 8,215 shares of the company’s stock worth $204,000 after purchasing an additional 982 shares during the period. Institutional investors own 31.19% of the company’s stock.

Global Industrial Trading Down 0.4 %

Shares of GIC stock opened at $25.86 on Friday. The stock has a market cap of $992.02 million, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 0.93 and a beta of 0.82. Global Industrial has a 1 year low of $20.79 and a 1 year high of $36.17. The stock has a 50 day simple moving average of $22.91 and a 200 day simple moving average of $24.98.

Global Industrial (NYSE:GIC) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.15. Global Industrial had a net margin of 4.92% and a return on equity of 24.53%. The business had revenue of $321.00 million during the quarter, compared to analysts’ expectations of $307.15 million. Analysts forecast that Global Industrial will post 1.59 EPS for the current year.

Global Industrial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 12th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Monday, May 12th. Global Industrial’s dividend payout ratio (DPR) is 65.82%.

About Global Industrial

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.