Denali Advisors LLC Raises Holdings in Global Industrial (NYSE:GIC)

Denali Advisors LLC raised its stake in Global Industrial (NYSE:GIC) by 44.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,300 shares of the company’s stock after purchasing an additional 33,000 shares during the quarter. Denali Advisors LLC owned about 0.28% of Global Industrial worth $2,660,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC grew its stake in Global Industrial by 221.5% in the third quarter. Barclays PLC now owns 30,622 shares of the company’s stock worth $1,041,000 after purchasing an additional 21,097 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Global Industrial by 39.8% during the third quarter. JPMorgan Chase & Co. now owns 46,005 shares of the company’s stock valued at $1,563,000 after buying an additional 13,105 shares during the last quarter. FMR LLC raised its holdings in Global Industrial by 14.7% during the third quarter. FMR LLC now owns 2,534,156 shares of the company’s stock worth $86,085,000 after purchasing an additional 325,555 shares in the last quarter. State Street Corp raised its holdings in Global Industrial by 2.6% during the third quarter. State Street Corp now owns 315,779 shares of the company’s stock worth $10,727,000 after purchasing an additional 8,136 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Global Industrial by 3.5% during the third quarter. Geode Capital Management LLC now owns 316,083 shares of the company’s stock worth $10,740,000 after purchasing an additional 10,601 shares in the last quarter. 31.19% of the stock is owned by hedge funds and other institutional investors.

Global Industrial Stock Performance

NYSE GIC opened at $24.24 on Wednesday. The stock has a market capitalization of $926.68 million, a P/E ratio of 14.26, a P/E/G ratio of 0.93 and a beta of 0.87. Global Industrial has a 1 year low of $23.09 and a 1 year high of $46.97. The business’s fifty day moving average is $24.63 and its two-hundred day moving average is $28.74.

Global Industrial (NYSE:GIC) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.03). Global Industrial had a net margin of 4.92% and a return on equity of 24.53%. On average, research analysts forecast that Global Industrial will post 1.59 earnings per share for the current year.

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.