Quest Partners LLC Sells 2,312 Shares of Global Industrial (NYSE:GIC)

Quest Partners LLC lessened its stake in shares of Global Industrial (NYSE:GIC) by 27.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,234 shares of the company’s stock after selling 2,312 shares during the period. Quest Partners LLC’s holdings in Global Industrial were worth $212,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in GIC. Vanguard Group Inc. boosted its stake in shares of Global Industrial by 137.3% during the 1st quarter. Vanguard Group Inc. now owns 717,231 shares of the company’s stock worth $32,118,000 after acquiring an additional 414,924 shares in the last quarter. Quadrature Capital Ltd lifted its position in shares of Global Industrial by 14.2% during the 1st quarter. Quadrature Capital Ltd now owns 8,918 shares of the company’s stock worth $399,000 after purchasing an additional 1,106 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Global Industrial by 3.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,856 shares of the company’s stock worth $576,000 after purchasing an additional 459 shares during the last quarter. Panagora Asset Management Inc. lifted its position in shares of Global Industrial by 7.7% during the 2nd quarter. Panagora Asset Management Inc. now owns 62,583 shares of the company’s stock worth $1,963,000 after purchasing an additional 4,448 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Global Industrial by 2.1% during the 2nd quarter. Rhumbline Advisers now owns 19,749 shares of the company’s stock worth $619,000 after purchasing an additional 397 shares during the last quarter. Institutional investors own 31.19% of the company’s stock.

Global Industrial Stock Performance

NYSE GIC opened at $28.50 on Thursday. Global Industrial has a twelve month low of $25.00 and a twelve month high of $46.97. The stock has a market capitalization of $1.09 billion, a PE ratio of 16.68, a P/E/G ratio of 1.10 and a beta of 0.86. The stock has a 50-day simple moving average of $31.16 and a 200 day simple moving average of $32.37.

Global Industrial (NYSE:GIC) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.14). Global Industrial had a return on equity of 24.53% and a net margin of 4.92%. The business had revenue of $342.40 million for the quarter, compared to analyst estimates of $353.44 million. During the same period in the prior year, the firm posted $0.54 EPS. As a group, equities research analysts forecast that Global Industrial will post 1.62 EPS for the current fiscal year.

Global Industrial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, November 11th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a dividend yield of 3.51%. Global Industrial’s dividend payout ratio is presently 58.82%.

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.