Global Industrial (NYSE:GIC) VP Thomas Axmacher Sells 3,759 Shares of Company Stock

Global Industrial Company (NYSE:GIC) VP Thomas Axmacher sold 3,759 shares of the firm’s stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $46.78, for a total transaction of $175,846.02. Following the transaction, the vice president directly owned 5,253 shares in the company, valued at $245,735.34. The trade was a 41.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Thomas Axmacher also recently made the following trade(s):

• On Monday, November 9th, Thomas Axmacher sold 648 shares of Global Industrial stock. The stock was sold at an average price of $47.40, for a total transaction of $30,715.20.
• On Friday, November 6th, Thomas Axmacher sold 1,314 shares of Global Industrial stock. The stock was sold at an average price of $46.80, for a total transaction of $61,495.20.
• On Thursday, August 13th, Thomas Axmacher sold 952 shares of Global Industrial stock. The shares were sold at an average price of $39.10, for a total value of $37,223.20.

Global Industrial Stock Down 0.1%

GIC stock traded down $0.06 during midday trading on Monday, hitting $46.34. The company’s stock had a trading volume of 172,341 shares, compared to its average volume of 119,132. The stock’s 50-day moving average price is $42.40 and its 200 day moving average price is $35.32. Global Industrial Company has a 1 year low of $26.40 and a 1 year high of $51.63. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 1.50 and a beta of 0.75.

Global Industrial Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Monday, November 23rd. Shareholders of record on Monday, November 16th will be given a $1.00 dividend. The ex-dividend date of this dividend is Monday, November 16th. Global Industrial’s payout ratio is currently 46.67%.

Institutional Investors Weigh In On Global Industrial

Several large investors have recently added to or reduced their stakes in the business. Signaturefd LLC increased its stake in Global Industrial by 143.3% in the 3rd quarter. Signaturefd LLC now owns 1,428 shares of the company’s stock worth $60,000 after acquiring an additional 841 shares during the last quarter. State of Wyoming boosted its position in shares of Global Industrial by 17.2% during the 3rd quarter. State of Wyoming now owns 7,679 shares of the company’s stock valued at $322,000 after acquiring an additional 1,125 shares during the last quarter. Bard Associates Inc. bought a new stake in shares of Global Industrial during the 2nd quarter valued at about $67,000. Quantinno Capital Management LP boosted its position in shares of Global Industrial by 9.4% during the 1st quarter. Quantinno Capital Management LP now owns 43,329 shares of the company’s stock valued at $1,366,000 after acquiring an additional 3,730 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Global Industrial by 166.4% during the third quarter. Nisa Investment Advisors LLC now owns 6,639 shares of the company’s stock worth $278,000 after purchasing an additional 4,147 shares in the last quarter. Institutional investors own 31.19% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on GIC shares. Wall Street Zen upgraded shares of Global Industrial from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 2nd. Weiss Ratings downgraded shares of Global Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 25th. Finally, Freedom Broker assumed coverage on shares of Global Industrial in a report on Wednesday, October 14th. They issued a “hold” rating and a $39.00 price target on the stock. Three equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $39.00.

Global Industrial Company Profile

Global Industrial Company (NYSE:GIC) is a distributor of industrial, commercial and business products serving organizations across North America. The company sells products through its e-commerce platforms, catalogs and sales representatives, serving businesses, government agencies, educational institutions and other commercial customers.

Its product offerings include material-handling and storage equipment, shelving, cabinets, workbenches, safety supplies, janitorial and sanitation products, packaging materials, tools, lighting, HVAC equipment, office furniture and other facility-maintenance products.