Boston Partners increased its stake in shares of Global Industrial (NYSE:GIC – Get Rating) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,794 shares of the company’s stock after acquiring an additional 531 shares during the quarter. Boston Partners owned about 0.06% of Global Industrial worth $536,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mawer Investment Management Ltd. raised its stake in Global Industrial by 1.0% during the 4th quarter. Mawer Investment Management Ltd. now owns 1,797,128 shares of the company’s stock worth $42,286,000 after acquiring an additional 17,935 shares in the last quarter. Grandeur Peak Global Advisors LLC increased its stake in shares of Global Industrial by 12.1% during the third quarter. Grandeur Peak Global Advisors LLC now owns 881,177 shares of the company’s stock worth $23,642,000 after acquiring an additional 94,798 shares during the period. Renaissance Technologies LLC boosted its holdings in Global Industrial by 1.7% during the second quarter. Renaissance Technologies LLC now owns 336,374 shares of the company’s stock worth $11,359,000 after buying an additional 5,700 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Global Industrial by 45.0% during the third quarter. Advisors Asset Management Inc. now owns 277,469 shares of the company’s stock worth $7,444,000 after buying an additional 86,128 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Global Industrial by 0.3% in the third quarter. State Street Corp now owns 271,567 shares of the company’s stock valued at $7,286,000 after purchasing an additional 828 shares in the last quarter. 31.18% of the stock is currently owned by institutional investors and hedge funds.
Global Industrial Trading Up 0.4 %
Shares of GIC stock opened at $23.43 on Wednesday. Global Industrial has a twelve month low of $20.52 and a twelve month high of $37.32. The company has a market capitalization of $890.81 million, a PE ratio of 12.73 and a beta of 0.71. The firm has a fifty day simple moving average of $25.83 and a 200-day simple moving average of $25.86.
Global Industrial Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 22nd. Investors of record on Monday, May 15th will be issued a $0.20 dividend. The ex-dividend date is Friday, May 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.41%. Global Industrial’s dividend payout ratio (DPR) is presently 43.48%.
Wall Street Analyst Weigh In
Separately, TheStreet raised shares of Global Industrial from a “c+” rating to a “b-” rating in a research report on Monday, February 13th.
Global Industrial Profile
Global Industrial Co engages in direct marketing of brand name and private label industrial and business equipment and supplies. It sells an array of industrial and general business hard goods and supplies and to a lesser extent products that would fall into the generally recognizable category of maintenance, repair and operational (“MRO“) products.
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