Claudia Hughes Sells 4,753 Shares of Global Industrial (NYSE:GIC) Stock

Global Industrial Company (NYSE:GIC) SVP Claudia Hughes sold 4,753 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $39.78, for a total transaction of $189,074.34. Following the completion of the sale, the senior vice president owned 32,167 shares of the company’s stock, valued at approximately $1,279,603.26. The trade was a 12.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 Down 1.2%

Global Industrial stock opened at $38.65 on Wednesday. The business has a 50 day moving average price of $36.28 and a two-hundred day moving average price of $33.21. Global Industrial Company has a 12 month low of $26.40 and a 12 month high of $40.71. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 1.31 and a beta of 0.77.

Global Industrial (NYSE:GIC) last announced 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. 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%. On average, analysts expect that Global Industrial Company will post 1.87 earnings per share for the current fiscal year.

Global Industrial Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GIC. 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 upgraded shares of Global Industrial from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GIC. AQR Capital Management LLC lifted its holdings in shares of Global Industrial by 37.4% during the first quarter. AQR Capital Management LLC now owns 61,993 shares of the company’s stock valued at $1,389,000 after acquiring an additional 16,880 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Global Industrial by 66.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 143,162 shares of the company’s stock worth $3,207,000 after purchasing an additional 57,056 shares in the last quarter. Jane Street Group LLC increased its position in shares of Global Industrial by 16.4% during the 1st quarter. Jane Street Group LLC now owns 17,806 shares of the company’s stock worth $399,000 after purchasing an additional 2,512 shares in the last quarter. Franklin Resources Inc. bought a new position in Global Industrial during the 2nd quarter valued at about $231,000. Finally, American Century Companies Inc. lifted its holdings in Global Industrial by 7.8% during the 2nd quarter. American Century Companies Inc. now owns 38,952 shares of the company’s stock valued at $1,052,000 after purchasing an additional 2,804 shares during the last quarter. 31.19% of the stock is currently 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.