Hsbc Holdings PLC Purchases 18,123 Shares of Global Industrial Company $GIC

Hsbc Holdings PLC boosted its position in shares of Global Industrial Company (NYSE:GIC) by 40.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,114 shares of the company’s stock after purchasing an additional 18,123 shares during the quarter. Hsbc Holdings PLC owned 0.17% of Global Industrial worth $1,860,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GIC. Los Angeles Capital Management LLC raised its holdings in Global Industrial by 0.5% in the fourth quarter. Los Angeles Capital Management LLC now owns 61,392 shares of the company’s stock worth $1,732,000 after purchasing an additional 323 shares during the period. Swiss National Bank grew its holdings in shares of Global Industrial by 1.9% in the 4th quarter. Swiss National Bank now owns 37,800 shares of the company’s stock valued at $1,105,000 after buying an additional 700 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of Global Industrial by 11.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 8,544 shares of the company’s stock valued at $250,000 after buying an additional 888 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Global Industrial by 4.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 24,146 shares of the company’s stock valued at $706,000 after buying an additional 1,038 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Global Industrial by 16.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 7,972 shares of the company’s stock valued at $215,000 after buying an additional 1,120 shares in the last quarter. Institutional investors own 31.19% of the company’s stock.

Analyst Upgrades and Downgrades

GIC has been the topic of several recent analyst reports. Weiss Ratings lowered Global Industrial from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 15th. Wall Street Zen downgraded Global Industrial from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 9th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Global Industrial currently has an average rating of “Hold”.

Global Industrial Price Performance

Shares of Global Industrial stock traded up $0.55 on Friday, hitting $33.32. The company had a trading volume of 93,716 shares, compared to its average volume of 147,072. The firm has a market capitalization of $1.27 billion, a P/E ratio of 17.26, a P/E/G ratio of 1.11 and a beta of 0.76. Global Industrial Company has a twelve month low of $26.40 and a twelve month high of $38.79. The stock has a 50-day moving average of $31.33 and a 200-day moving average of $31.53.

Global Industrial (NYSE:GIC) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). Global Industrial had a return on equity of 23.53% and a net margin of 5.33%.The company had revenue of $350.40 million for the quarter, compared to the consensus estimate of $344.13 million. Equities analysts predict that Global Industrial Company will post 1.89 EPS for the current year.

Global Industrial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Shareholders of record on Monday, May 18th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Monday, May 18th. Global Industrial’s dividend payout ratio is 58.03%.

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.