J. Goldman & Co LP Has $12.26 Million Stake in Global Industrial (NYSE:GIC)

J. Goldman & Co LP lifted its position in shares of Global Industrial (NYSE:GIC) by 559.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 494,650 shares of the company’s stock after purchasing an additional 419,672 shares during the quarter. J. Goldman & Co LP’s holdings in Global Industrial were worth $12,262,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in Global Industrial during the fourth quarter valued at $4,001,000. Bank of New York Mellon Corp lifted its stake in shares of Global Industrial by 65.6% in the 4th quarter. Bank of New York Mellon Corp now owns 319,282 shares of the company’s stock valued at $7,915,000 after purchasing an additional 126,431 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Global Industrial by 139.0% during the 4th quarter. JPMorgan Chase & Co. now owns 109,941 shares of the company’s stock valued at $2,725,000 after purchasing an additional 63,936 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in Global Industrial during the fourth quarter worth approximately $1,391,000. Finally, D. E. Shaw & Co. Inc. increased its holdings in Global Industrial by 574.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 52,555 shares of the company’s stock worth $1,303,000 after purchasing an additional 44,764 shares in the last quarter. Institutional investors own 31.19% of the company’s stock.

Global Industrial Stock Performance

Global Industrial stock opened at $25.86 on Friday. The stock has a market capitalization of $992.02 million, a price-to-earnings ratio of 15.21, a PEG ratio of 0.93 and a beta of 0.82. Global Industrial has a 52-week low of $20.79 and a 52-week high of $36.17. The stock’s 50 day moving average price is $22.91 and its two-hundred day moving average price is $24.98.

Global Industrial (NYSE:GIC) last released its earnings results on Tuesday, April 29th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.15. The company 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, equities research analysts forecast that Global Industrial will post 1.59 EPS for the current year.

Global Industrial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.02%. Global Industrial’s dividend payout ratio (DPR) is presently 65.82%.

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.