Global Industrial (NYSE:GIC) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its stake in Global Industrial (NYSE:GIC) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 334,179 shares of the company’s stock after selling 9,095 shares during the period. Renaissance Technologies LLC owned 0.87% of Global Industrial worth $8,284,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GIC. New Age Alpha Advisors LLC acquired a new position in shares of Global Industrial in the fourth quarter valued at approximately $50,000. Quantbot Technologies LP increased its stake 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 buying an additional 2,170 shares during the period. Wells Fargo & Company MN raised its position in 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 buying an additional 2,170 shares during the last quarter. Semanteon Capital Management LP acquired a new stake in shares of Global Industrial in the 4th quarter worth $219,000. Finally, Sei Investments Co. lifted its stake in shares of Global Industrial by 42.4% in 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 during the period. 31.19% of the stock is owned by hedge funds and other institutional investors.

Global Industrial Stock Down 2.6 %

Shares of Global Industrial stock opened at $21.44 on Friday. The firm has a market cap of $821.20 million, a price-to-earnings ratio of 12.61, a price-to-earnings-growth 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 $41.38. The company’s 50-day simple moving average is $22.97 and its 200-day simple moving average is $26.10.

Global Industrial (NYSE:GIC) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.27 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 business had revenue of $302.30 million during the quarter, compared to analyst estimates of $306.07 million. Equities research analysts anticipate that Global Industrial will post 1.59 EPS for the current year.

Global Industrial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from Global Industrial’s previous quarterly dividend of $0.25. Global Industrial’s dividend payout ratio (DPR) 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.