Aquatic Capital Management LLC Has $232,000 Holdings in Global Industrial (NYSE:GIC)

Aquatic Capital Management LLC lifted its position in shares of Global Industrial (NYSE:GIC) by 152.6% in the fourth quarter, HoldingsChannel reports. The fund owned 9,348 shares of the company’s stock after buying an additional 5,648 shares during the period. Aquatic Capital Management LLC’s holdings in Global Industrial were worth $232,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GIC. Barclays PLC lifted its stake in Global Industrial by 221.5% in the third quarter. Barclays PLC now owns 30,622 shares of the company’s stock valued at $1,041,000 after buying an additional 21,097 shares during the period. JPMorgan Chase & Co. boosted its position in Global Industrial by 39.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 46,005 shares of the company’s stock worth $1,563,000 after acquiring an additional 13,105 shares during the last quarter. Exchange Traded Concepts LLC grew its position in Global Industrial by 26.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 11,465 shares of the company’s stock valued at $284,000 after purchasing an additional 2,364 shares in the last quarter. Rhumbline Advisers increased its position in shares of Global Industrial by 102.0% in the fourth quarter. Rhumbline Advisers now owns 38,697 shares of the company’s stock valued at $959,000 after acquiring an additional 19,543 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Global Industrial by 34.6% during the 4th quarter. New York State Common Retirement Fund now owns 37,772 shares of the company’s stock worth $936,000 after purchasing an additional 9,700 shares during the last quarter. 31.19% of the stock is owned by institutional investors.

Global Industrial Trading Up 0.9 %

NYSE GIC opened at $25.85 on Friday. The firm’s fifty day moving average price is $22.68 and its two-hundred day moving average price is $25.27. The firm has a market capitalization of $991.63 million, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 0.93 and a beta of 0.85. Global Industrial has a 1 year low of $20.79 and a 1 year high of $36.17.

Global Industrial (NYSE:GIC) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.20 by $0.15. The firm had revenue of $321.00 million for the quarter, compared to the consensus estimate of $307.15 million. Global Industrial had a net margin of 4.92% and a return on equity of 24.53%. On average, research analysts anticipate that Global Industrial will post 1.59 EPS for the current fiscal year.

Global Industrial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Monday, May 12th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.04 annualized dividend and a yield of 4.02%. Global Industrial’s dividend payout ratio (DPR) is presently 65.82%.

About Global Industrial

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.