Global Industrial (NYSE:GIC) Short Interest Update

Global Industrial (NYSE:GIC) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 191,600 shares, a decrease of 6.4% from the January 15th total of 204,800 shares. Approximately 2.5% of the shares of the company are short sold. Based on an average trading volume of 109,200 shares, the short-interest ratio is currently 1.8 days.

Insiders Place Their Bets

In other Global Industrial news, Vice Chairman Bruce Leeds sold 5,840 shares of Global Industrial stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $28.28, for a total transaction of $165,155.20. Following the completion of the transaction, the insider now owns 23,675 shares of the company’s stock, valued at $669,529. The trade was a 19.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 65.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Two Sigma Investments LP increased its holdings in shares of Global Industrial by 24.7% in the fourth quarter. Two Sigma Investments LP now owns 68,842 shares of the company’s stock worth $1,707,000 after purchasing an additional 13,630 shares during the period. Nuveen Asset Management LLC grew its position in Global Industrial by 4.8% during the fourth quarter. Nuveen Asset Management LLC now owns 57,688 shares of the company’s stock worth $1,430,000 after buying an additional 2,645 shares in the last quarter. Numerai GP LLC purchased a new position in Global Industrial during the fourth quarter worth about $1,506,000. Lazard Asset Management LLC increased its stake in Global Industrial by 14.3% in the 4th quarter. Lazard Asset Management LLC now owns 32,595 shares of the company’s stock worth $808,000 after acquiring an additional 4,068 shares during the last quarter. Finally, J. Goldman & Co LP raised its holdings in shares of Global Industrial by 559.7% in the 4th quarter. J. Goldman & Co LP now owns 494,650 shares of the company’s stock valued at $12,262,000 after acquiring an additional 419,672 shares in the last quarter. 31.19% of the stock is owned by institutional investors.

Global Industrial Stock Up 0.7 %

NYSE:GIC traded up $0.17 during mid-day trading on Monday, hitting $24.29. 70,907 shares of the stock traded hands, compared to its average volume of 109,130. The business’s 50-day moving average price is $24.98 and its 200 day moving average price is $29.07. The company has a market cap of $928.68 million, a PE ratio of 14.29, a price-to-earnings-growth ratio of 0.88 and a beta of 0.87. Global Industrial has a 12-month low of $23.09 and a 12-month high of $46.97.

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.