Global Industrial (NYSE:GIC – Get Rating) shares gapped up before the market opened on Monday . The stock had previously closed at $25.27, but opened at $25.80. Global Industrial shares last traded at $26.00, with a volume of 14,239 shares trading hands.
Global Industrial Trading Up 4.3 %
The firm has a market capitalization of $997.97 million, a PE ratio of 9.26 and a beta of 0.71. The business's 50 day simple moving average is $24.60 and its two-hundred day simple moving average is $27.76.
Get Global Industrial alerts:Global Industrial (NYSE:GIC – Get Rating) last announced its earnings results on Tuesday, November 1st. The company reported $0.53 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.05). The company had revenue of $298.50 million for the quarter, compared to analysts' expectations of $316.00 million. Global Industrial had a net margin of 9.25% and a return on equity of 47.61%. As a group, equities research analysts anticipate that Global Industrial will post 2.04 earnings per share for the current year.
Institutional Investors Weigh In On Global Industrial
A number of hedge funds have recently added to or reduced their stakes in the stock. Boston Partners raised its stake in Global Industrial by 2.0% during the 3rd quarter. Boston Partners now owns 22,263 shares of the company's stock valued at $597,000 after buying an additional 440 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Global Industrial by 8.1% in the 3rd quarter. Alliancebernstein L.P. now owns 7,971 shares of the company's stock worth $214,000 after purchasing an additional 600 shares in the last quarter. LVZ Inc. increased its stake in shares of Global Industrial by 6.4% in the 4th quarter. LVZ Inc. now owns 11,338 shares of the company's stock worth $267,000 after purchasing an additional 683 shares in the last quarter. Copeland Capital Management LLC increased its stake in shares of Global Industrial by 84.7% in the 4th quarter. Copeland Capital Management LLC now owns 1,753 shares of the company's stock worth $41,000 after purchasing an additional 804 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Global Industrial by 0.3% in the 3rd quarter. State Street Corp now owns 271,567 shares of the company's stock worth $7,286,000 after purchasing an additional 828 shares in the last quarter. 31.18% of the stock is currently owned by hedge funds and other institutional investors.About Global Industrial
(Get Rating)
Global Industrial Co engages in direct marketing of brand name and private label industrial and business equipment and supplies. It sells an array of industrial and general business hard goods and supplies and to a lesser extent products that would fall into the generally recognizable category of maintenance, repair and operational ("MRO") products.
Further Reading
- Get a free copy of the StockNews.com research report on Global Industrial (GIC)
- Verizon, Charter Trend Higher In Past Month: Are They Buys Now?
- Dividend King Sysco: Buying On The Dip
- Is the 1,600% Rise in Genius Group Stock Justified?
- After Further Review, Investors Liked Exxon Mobil's Earnings
- Will Caterpillar Dig Its Way To Another Buying Opportunity?
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.