Global Industrial Company (NYSE:GIC - Get Free Report) SVP Claudia Hughes sold 1,734 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $38.22, for a total transaction of $66,273.48. Following the transaction, the senior vice president owned 36,920 shares in the company, valued at approximately $1,411,082.40. This trade represents a 4.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Claudia Hughes also recently made the following trade(s):
- On Friday, August 28th, Claudia Hughes sold 4,753 shares of Global Industrial stock. The shares were sold at an average price of $39.78, for a total transaction of $189,074.34.
Global Industrial Trading Down 1.4%
Shares of NYSE:GIC opened at $39.05 on Tuesday. The stock has a market capitalization of $1.49 billion, a PE ratio of 17.43, a P/E/G ratio of 1.32 and a beta of 0.75. Global Industrial Company has a 1 year low of $26.40 and a 1 year high of $40.71. The firm has a fifty day moving average price of $36.17 and a 200 day moving average price of $33.17.
Global Industrial (NYSE:GIC - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. The company had revenue of $386.60 million for the quarter, compared to analyst estimates of $377.40 million. Global Industrial had a return on equity of 21.49% and a net margin of 6.06%. On average, sell-side analysts forecast that Global Industrial Company will post 1.87 earnings per share for the current fiscal year.
Global Industrial Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 17th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, August 17th. Global Industrial's payout ratio is 50.00%.
Hedge Funds Weigh In On Global Industrial
Institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Global Industrial during the 2nd quarter worth about $53,365,000. California State Teachers Retirement System grew its holdings in Global Industrial by 3,728.8% in the 2nd quarter. California State Teachers Retirement System now owns 684,592 shares of the company's stock valued at $22,906,000 after buying an additional 666,712 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Global Industrial in the 2nd quarter worth approximately $10,510,000. Algert Global LLC bought a new position in Global Industrial in the 3rd quarter worth approximately $5,329,000. Finally, Bank of America Corp DE acquired a new position in shares of Global Industrial during the second quarter worth approximately $3,367,000. 31.19% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have commented on GIC. Wall Street Zen upgraded Global Industrial from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Weiss Ratings upgraded shares of Global Industrial from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 18th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".
View Our Latest Research Report on GIC
About Global Industrial
(
Get Free Report)
Global Industrial Company (NYSE: GIC) is a leading business-to-business distributor of industrial products and equipment. Headquartered in Port Washington, New York, the company provides a comprehensive range of products to support manufacturing, warehousing, and facility maintenance operations across North America. Through a digital-first platform, Global Industrial combines e-commerce, direct sales and catalog-based ordering channels to serve a diverse commercial customer base.
The company's product portfolio encompasses material handling solutions (including conveyors, pallet racks and hoists), storage and shelving systems, janitorial and sanitation supplies, packaging and shipping materials, and office furniture.
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