Jacobs Levy Equity Management Inc. Sells 41,805 Shares of Global Industrial (NYSE:GIC)

Jacobs Levy Equity Management Inc. lessened its holdings in Global Industrial (NYSE:GIC) by 39.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,392 shares of the company’s stock after selling 41,805 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.17% of Global Industrial worth $2,839,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Global Industrial by 137.3% in the 1st quarter. Vanguard Group Inc. now owns 717,231 shares of the company’s stock valued at $32,118,000 after purchasing an additional 414,924 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in Global Industrial during the 1st quarter worth about $3,824,000. Mawer Investment Management Ltd. lifted its position in Global Industrial by 3.2% during the 1st quarter. Mawer Investment Management Ltd. now owns 2,002,426 shares of the company’s stock worth $89,669,000 after buying an additional 62,777 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in Global Industrial by 175.9% during the 4th quarter. Los Angeles Capital Management LLC now owns 44,730 shares of the company’s stock valued at $1,737,000 after purchasing an additional 28,520 shares during the period. Finally, Isthmus Partners LLC lifted its position in Global Industrial by 38.4% during the 1st quarter. Isthmus Partners LLC now owns 96,047 shares of the company’s stock valued at $4,301,000 after purchasing an additional 26,655 shares during the period. Institutional investors own 31.19% of the company’s stock.

Global Industrial Trading Down 2.6 %

Shares of Global Industrial stock opened at $34.88 on Thursday. The stock’s fifty day simple moving average is $33.12 and its 200 day simple moving average is $38.67. The company has a market capitalization of $1.33 billion, a PE ratio of 18.96, a PEG ratio of 1.16 and a beta of 0.85. Global Industrial has a 12 month low of $28.31 and a 12 month high of $46.97.

Global Industrial (NYSE:GIC) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. Global Industrial had a return on equity of 27.26% and a net margin of 5.16%. The business had revenue of $347.80 million for the quarter, compared to analysts’ expectations of $348.84 million. During the same quarter in the previous year, the business posted $0.56 EPS. Analysts predict that Global Industrial will post 1.93 EPS for the current fiscal year.

Global Industrial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 19th. Shareholders of record on Monday, August 12th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Monday, August 12th. Global Industrial’s dividend payout ratio (DPR) is presently 54.35%.

Global Industrial 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.