Short Interest in DXP Enterprises, Inc. (NASDAQ:DXPE) Drops By 7.7%

DXP Enterprises, Inc. (NASDAQ:DXPE) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 529,900 shares, a decline of 7.7% from the September 30th total of 574,300 shares. Based on an average daily volume of 97,600 shares, the days-to-cover ratio is currently 5.4 days. Currently, 4.1% of the shares of the stock are sold short.

Insider Buying and Selling at DXP Enterprises

In other news, CMO Paz Maestas sold 2,500 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $49.00, for a total value of $122,500.00. Following the completion of the transaction, the chief marketing officer now directly owns 619,367 shares in the company, valued at approximately $30,348,983. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 22.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DXPE. Pacer Advisors Inc. purchased a new stake in DXP Enterprises during the 2nd quarter valued at about $32,797,000. Renaissance Technologies LLC boosted its position in shares of DXP Enterprises by 125.3% during the second quarter. Renaissance Technologies LLC now owns 111,300 shares of the industrial products company’s stock valued at $5,102,000 after buying an additional 61,900 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of DXP Enterprises in the second quarter worth approximately $1,741,000. LSV Asset Management raised its stake in DXP Enterprises by 63.1% during the 2nd quarter. LSV Asset Management now owns 90,495 shares of the industrial products company’s stock valued at $4,148,000 after buying an additional 35,011 shares during the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of DXP Enterprises by 80.1% in the first quarter. GSA Capital Partners LLP now owns 21,626 shares of the industrial products company’s stock worth $1,162,000 after acquiring an additional 9,615 shares during the period. 74.82% of the stock is currently owned by institutional investors.

DXP Enterprises Trading Down 1.6 %

DXP Enterprises stock traded down $0.81 during trading hours on Thursday, reaching $49.08. The stock had a trading volume of 92,484 shares, compared to its average volume of 103,526. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.39 and a quick ratio of 1.92. The company has a fifty day simple moving average of $51.72 and a 200-day simple moving average of $50.19. The stock has a market cap of $774.92 million, a PE ratio of 13.99 and a beta of 1.59. DXP Enterprises has a 52 week low of $28.82 and a 52 week high of $57.38.

DXP Enterprises (NASDAQ:DXPE) last issued its quarterly earnings data on Thursday, August 8th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter. DXP Enterprises had a net margin of 3.57% and a return on equity of 17.22%. The business had revenue of $445.56 million for the quarter. Analysts forecast that DXP Enterprises will post 3.56 EPS for the current fiscal year.

DXP Enterprises Company Profile

DXP Enterprises, Inc, together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services in the United States and Canada. It operates through three segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS).