Claudia Hughes Sells 1,734 Shares of Global Industrial (NYSE:GIC) Stock

Global Industrial Company (NYSE:GIC) SVP Claudia Hughes sold 1,734 shares of Global Industrial stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $38.22, for a total transaction of $66,273.48. Following the sale, the senior vice president directly owned 36,920 shares in the company, valued at $1,411,082.40. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, August 28th, Claudia Hughes sold 4,753 shares of Global Industrial stock. The stock was sold at an average price of $39.78, for a total transaction of $189,074.34.

Global Industrial Price Performance

NYSE:GIC opened at $38.65 on Wednesday. The firm has a 50-day moving average of $36.28 and a two-hundred day moving average of $33.21. The stock has a market cap of $1.47 billion, a P/E ratio of 17.25, a PEG ratio of 1.31 and a beta of 0.77. Global Industrial Company has a 1-year low of $26.40 and a 1-year high of $40.71.

Global Industrial (NYSE:GIC) last announced its earnings results on Tuesday, August 4th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. Global Industrial had a return on equity of 21.49% and a net margin of 6.06%.The business had revenue of $386.60 million for the quarter, compared to analyst estimates of $377.40 million. As a group, equities analysts expect that Global Industrial Company will post 1.87 earnings per share for the current year.

Global Industrial Announces Dividend

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

Institutional Trading of Global Industrial

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Global Industrial during the second quarter valued at approximately $53,365,000. Dimensional Fund Advisors LP increased its holdings in shares of Global Industrial by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 893,325 shares of the company’s stock valued at $28,155,000 after acquiring an additional 8,901 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Global Industrial by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 822,006 shares of the company’s stock valued at $30,143,000 after acquiring an additional 17,194 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Global Industrial by 3,728.8% during 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 in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Global Industrial during the second quarter worth $10,510,000. 31.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

GIC has been the subject of several research analyst reports. Weiss Ratings upgraded Global Industrial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 18th. Wall Street Zen raised shares of Global Industrial from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Global Industrial Company Profile

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.