Global Industrial (NYSE:GIC) SVP Sells $189,074.34 in Stock

Global Industrial Company (NYSE:GIC) SVP Claudia Hughes sold 4,753 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $39.78, for a total value of $189,074.34. Following the completion of the sale, the senior vice president owned 32,167 shares in the company, valued at approximately $1,279,603.26. This represents a 12.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, August 27th, Claudia Hughes sold 1,734 shares of Global Industrial stock. The shares were sold at an average price of $38.22, for a total value of $66,273.48.

Global Industrial Stock Performance

Shares of GIC stock opened at $39.10 on Thursday. Global Industrial Company has a 1 year low of $26.40 and a 1 year high of $40.71. The firm has a market capitalization of $1.49 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 1.29 and a beta of 0.77. The stock has a fifty day moving average of $36.39 and a two-hundred day moving average of $33.26.

Global Industrial (NYSE:GIC) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.54 EPS for the quarter, meeting analysts’ consensus estimates of $0.54. The company had revenue of $386.60 million for the quarter, compared to analyst estimates of $377.40 million. Global Industrial had a return on equity of 21.49% and a net margin of 6.06%. Equities research 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 declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 17th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, August 17th. Global Industrial’s payout ratio is 50.00%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GIC shares. Weiss Ratings upgraded shares of Global Industrial from a “hold (c+)” rating to a “buy (b-)” rating in a report 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 equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Institutional Investors Weigh In On Global Industrial

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Edgestream Partners L.P. acquired a new position in shares of Global Industrial in the 1st quarter worth approximately $2,920,000. Walleye Capital LLC acquired a new stake in Global Industrial during the second quarter valued at approximately $1,923,000. J. Goldman & Co LP acquired a new stake in Global Industrial during the second quarter valued at approximately $2,057,000. BlackRock Inc. bought a new stake in Global Industrial during the second quarter worth approximately $53,365,000. Finally, GSA Capital Partners LLP bought a new stake in Global Industrial during the second quarter worth approximately $899,000. 31.19% of the stock is owned by institutional investors and hedge funds.

About Global Industrial

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.