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

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

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

• On Thursday, August 27th, Claudia Hughes sold 1,734 shares of Global Industrial stock. The stock was 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 $39.05 on Tuesday. Global Industrial Company has a fifty-two week low of $26.40 and a fifty-two week high of $40.71. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.32 and a beta of 0.75. The stock’s 50-day simple moving average is $36.17 and its 200-day simple moving average is $33.17.

Global Industrial (NYSE:GIC) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The firm had revenue of $386.60 million for the quarter, compared to the consensus estimate of $377.40 million. Global Industrial had a net margin of 6.06% and a return on equity of 21.49%. As a group, equities analysts forecast that Global Industrial Company will post 1.87 earnings per share for the current 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 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 dividend payout ratio is presently 50.00%.

Institutional Investors Weigh In On Global Industrial

A number of institutional investors and hedge funds have recently modified their holdings of the company. Corient Private Wealth LP acquired a new position in Global Industrial in the 2nd quarter worth approximately $260,000. California State Teachers Retirement System boosted its holdings in shares of Global Industrial by 3,728.8% in the 2nd quarter. California State Teachers Retirement System now owns 684,592 shares of the company’s stock valued at $22,906,000 after acquiring an additional 666,712 shares during the last quarter. Odyssean LLC purchased a new stake in shares of Global Industrial in the 2nd quarter valued at $217,000. Grandeur Peak Global Advisors LLC increased its stake in shares of Global Industrial by 88.0% in the second quarter. Grandeur Peak Global Advisors LLC now owns 42,089 shares of the company’s stock worth $1,408,000 after acquiring an additional 19,703 shares during the period. Finally, Hsbc Holdings PLC increased its stake in shares of Global Industrial by 6.2% in the second quarter. Hsbc Holdings PLC now owns 81,296 shares of the company’s stock worth $2,757,000 after acquiring an additional 4,775 shares during the period. Institutional investors and hedge funds own 31.19% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Global Industrial from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Weiss Ratings raised Global Industrial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 18th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

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.