King Luther Capital Management Corp reduced its stake in shares of Global Industrial (NYSE:GIC – Free Report) by 17.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 459,440 shares of the company’s stock after selling 98,098 shares during the period. King Luther Capital Management Corp’s holdings in Global Industrial were worth $12,759,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its stake in Global Industrial by 122.6% during the first quarter. Tower Research Capital LLC TRC now owns 1,015 shares of the company’s stock valued at $27,000 after buying an additional 559 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Global Industrial by 116.1% during the 1st quarter. Citigroup Inc. now owns 1,113 shares of the company’s stock worth $30,000 after acquiring an additional 598 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Global Industrial during the 2nd quarter worth approximately $64,000. Royal Bank of Canada grew its holdings in shares of Global Industrial by 155.1% in the third quarter. Royal Bank of Canada now owns 2,008 shares of the company’s stock valued at $54,000 after purchasing an additional 1,221 shares in the last quarter. Finally, Lazard Asset Management LLC increased its position in Global Industrial by 107.9% in the fourth quarter. Lazard Asset Management LLC now owns 2,958 shares of the company’s stock worth $69,000 after purchasing an additional 1,535 shares during the last quarter. Institutional investors own 31.02% of the company’s stock.
Global Industrial Stock Up 0.2 %
Global Industrial stock opened at $36.64 on Tuesday. Global Industrial has a 52-week low of $20.52 and a 52-week high of $37.31. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 1.23 and a beta of 0.70. The firm’s fifty day moving average is $33.73 and its 200 day moving average is $30.35.
Global Industrial Announces Dividend
Global Industrial Profile
Global Industrial Company 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. It offers products, including 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, food service and retail, medical and laboratory, motors and power transmission, building supplies, machining, fasteners and hardware, vehicle maintenance, and raw materials.
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