Global Industrial (NYSE:GIC) VP Sells $30,715.20 in Stock

Global Industrial Company (NYSE:GIC) VP Thomas Axmacher sold 648 shares of the firm’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $47.40, for a total value of $30,715.20. Following the completion of the transaction, the vice president directly owned 3,291 shares in the company, valued at $155,993.40. The trade was a 16.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Thomas Axmacher also recently made the following trade(s):

• On Friday, November 6th, Thomas Axmacher sold 1,314 shares of Global Industrial stock. The shares were sold at an average price of $46.80, for a total value of $61,495.20.
• On Thursday, November 5th, Thomas Axmacher sold 3,759 shares of Global Industrial stock. The shares were sold at an average price of $46.78, for a total transaction of $175,846.02.
• On Thursday, August 13th, Thomas Axmacher sold 952 shares of Global Industrial stock. The shares were sold at an average price of $39.10, for a total transaction of $37,223.20.

Global Industrial Stock Down 0.4%

Shares of NYSE:GIC opened at $47.12 on Thursday. The stock has a market capitalization of $1.80 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.53 and a beta of 0.75. The firm’s 50 day moving average price is $42.88 and its 200-day moving average price is $35.55. Global Industrial Company has a twelve month low of $26.40 and a twelve month high of $51.63.

Global Industrial Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Monday, November 23rd. Shareholders of record on Monday, November 16th will be given a $1.00 dividend. The ex-dividend date is Monday, November 16th. Global Industrial’s dividend payout ratio (DPR) is presently 46.67%.

Institutional Investors Weigh In On Global Industrial

A number of institutional investors and hedge funds have recently bought and sold shares of GIC. Signaturefd LLC boosted its stake in shares of Global Industrial by 143.3% in the third quarter. Signaturefd LLC now owns 1,428 shares of the company’s stock worth $60,000 after acquiring an additional 841 shares during the period. Bard Associates Inc. purchased a new stake in shares of Global Industrial during the second quarter worth about $67,000. Empowered Funds LLC bought a new stake in Global Industrial during the 2nd quarter valued at approximately $211,000. Odyssean LLC bought a new stake in Global Industrial during the 2nd quarter valued at approximately $217,000. Finally, State of Wyoming purchased a new position in Global Industrial in the 2nd quarter worth approximately $219,000. 31.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GIC has been the subject of a number of recent research reports. Freedom Broker initiated coverage on shares of Global Industrial in a research report on Wednesday, October 14th. They set a “hold” rating and a $39.00 price objective for the company. Wall Street Zen downgraded Global Industrial from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, Weiss Ratings lowered Global Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 25th. Three equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, Global Industrial has a consensus rating of “Hold” and a consensus target price of $39.00.

Global Industrial Company Profile

Global Industrial Company is a distributor of industrial and commercial products, serving businesses, government organizations and other institutions. The company sells through its e-commerce platform and sales teams, with operations focused on the United States and Canada. Its broad product range includes material-handling and storage equipment, tools, safety supplies, furniture, janitorial products, packaging materials and maintenance, repair and operations supplies. Products are offered under the Global Industrial brand as well as through third-party manufacturers.