Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 48,300 Global Industrial (NYSE:GIC)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Global Industrial (NYSE:GICGet Rating) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 48,300 shares of the company’s stock, valued at approximately $1,631,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Martingale Asset Management L P increased its stake in shares of Global Industrial by 6.7% in the 2nd quarter. Martingale Asset Management L P now owns 17,657 shares of the company’s stock worth $598,000 after purchasing an additional 1,101 shares in the last quarter. Gladius Capital Management LP purchased a new stake in shares of Global Industrial in the 2nd quarter worth $53,000. Swiss National Bank increased its stake in shares of Global Industrial by 28.1% in the 2nd quarter. Swiss National Bank now owns 40,100 shares of the company’s stock worth $1,354,000 after purchasing an additional 8,800 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Global Industrial in the 2nd quarter worth $48,000. Finally, Advisors Asset Management Inc. increased its stake in shares of Global Industrial by 73.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 191,341 shares of the company’s stock worth $6,462,000 after purchasing an additional 80,898 shares in the last quarter. 31.53% of the stock is currently owned by hedge funds and other institutional investors.

Global Industrial Price Performance

NYSE:GIC opened at $25.20 on Friday. The firm has a market capitalization of $956.59 million, a price-to-earnings ratio of 8.87 and a beta of 0.79. Global Industrial has a one year low of $22.27 and a one year high of $43.93. The business has a fifty day moving average price of $27.10 and a 200-day moving average price of $30.74.

Global Industrial (NYSE:GICGet Rating) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.05). The company had revenue of $298.50 million during the quarter, compared to analysts’ expectations of $316.00 million. Global Industrial had a return on equity of 47.61% and a net margin of 9.25%. On average, equities research analysts expect that Global Industrial will post 2.04 earnings per share for the current fiscal year.

Global Industrial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 21st. Investors of record on Monday, November 14th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.86%. The ex-dividend date was Thursday, November 10th. Global Industrial’s dividend payout ratio is currently 25.35%.

Global Industrial Company Profile

(Get Rating)

Global Industrial Company, through its subsidiaries, operates as a value-added industrial distributor of industrial and maintenance, repair, and operation (MRO) products in North America. The company offers industrial and MRO products under Global, GlobalIndustrial.com, Nexel, Paramount, and Interion trademarks.

Recommended Stories

Want to see what other hedge funds are holding GIC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global Industrial (NYSE:GICGet Rating).

Institutional Ownership by Quarter for Global Industrial (NYSE:GIC)

Receive News & Ratings for Global Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Industrial and related companies with MarketBeat.com's FREE daily email newsletter.