Claudia Hughes Sells 1,734 Shares of Global Industrial (NYSE:GIC) Stock

Global Industrial Company (NYSE:GIC) SVP Claudia Hughes sold 1,734 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $38.22, for a total value of $66,273.48. Following the sale, the senior vice president directly owned 36,920 shares in the company, valued at approximately $1,411,082.40. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Claudia Hughes also recently made the following trade(s):

• On Friday, August 28th, Claudia Hughes sold 4,753 shares of Global Industrial stock. The stock was sold at an average price of $39.78, for a total transaction of $189,074.34.

Global Industrial Stock Performance

Shares of Global Industrial stock traded down $0.55 during trading hours on Monday, reaching $39.05. The company’s stock had a trading volume of 145,396 shares, compared to its average volume of 139,627. Global Industrial Company has a one year low of $26.40 and a one year high of $40.71. The company’s 50 day simple moving average is $36.17 and its 200 day simple moving average is $33.17. The stock has a market cap of $1.49 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 1.32 and a beta of 0.75.

Global Industrial (NYSE:GIC) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. Global Industrial had a net margin of 6.06% and a return on equity of 21.49%. The firm had revenue of $386.60 million for the quarter, compared to analyst estimates of $377.40 million. On average, sell-side analysts predict that Global Industrial Company will post 1.87 earnings per share for the current fiscal year.

Global Industrial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 17th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Monday, August 17th. Global Industrial’s dividend payout ratio is presently 50.00%.

Institutional Investors Weigh In On Global Industrial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Edgestream Partners L.P. bought a new stake in shares of Global Industrial during the 1st quarter worth $2,920,000. Walleye Capital LLC acquired a new position in shares of Global Industrial in the second quarter worth about $1,923,000. J. Goldman & Co LP acquired a new position in shares of Global Industrial in the second quarter worth about $2,057,000. GSA Capital Partners LLP purchased a new position in shares of Global Industrial in the second quarter worth approximately $899,000. Finally, Grandeur Peak Global Advisors LLC purchased a new position in shares of Global Industrial in the second quarter worth approximately $1,408,000. 31.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

GIC has been the topic of several analyst reports. 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. Wall Street Zen raised Global Industrial from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Global Industrial currently has an average rating of “Moderate Buy”.

Global Industrial Company Profile

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.