DXP Enterprises, Inc. (NASDAQ:DXPE) Short Interest Update

DXP Enterprises, Inc. (NASDAQ:DXPEGet Free Report) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 629,900 shares, a growth of 9.5% from the February 29th total of 575,100 shares. Approximately 4.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 73,200 shares, the days-to-cover ratio is presently 8.6 days.

Insider Buying and Selling

In other DXP Enterprises news, CMO Paz Maestas sold 10,000 shares of DXP Enterprises stock in a transaction on Friday, March 15th. The stock was sold at an average price of $49.14, for a total value of $491,400.00. Following the completion of the transaction, the chief marketing officer now directly owns 621,723 shares of the company’s stock, valued at approximately $30,551,468.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On DXP Enterprises

Institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in DXP Enterprises during the fourth quarter worth $3,016,000. Goldman Sachs Group Inc. grew its holdings in DXP Enterprises by 35.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 337,033 shares of the industrial products company’s stock worth $10,323,000 after acquiring an additional 88,103 shares during the period. Dimensional Fund Advisors LP raised its position in shares of DXP Enterprises by 8.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,057,489 shares of the industrial products company’s stock worth $38,504,000 after acquiring an additional 82,527 shares in the last quarter. Medina Value Partners LLC lifted its stake in shares of DXP Enterprises by 25.3% in the 4th quarter. Medina Value Partners LLC now owns 361,589 shares of the industrial products company’s stock valued at $9,962,000 after purchasing an additional 73,037 shares during the period. Finally, Millennium Management LLC boosted its position in shares of DXP Enterprises by 553.1% during the 2nd quarter. Millennium Management LLC now owns 73,182 shares of the industrial products company’s stock valued at $2,242,000 after purchasing an additional 61,976 shares in the last quarter. 74.82% of the stock is owned by institutional investors.

DXP Enterprises Trading Down 1.2 %

NASDAQ DXPE traded down $0.67 on Tuesday, reaching $53.04. The company had a trading volume of 81,103 shares, compared to its average volume of 78,659. The firm has a market cap of $858.19 million, a price-to-earnings ratio of 13.67 and a beta of 1.72. DXP Enterprises has a fifty-two week low of $22.06 and a fifty-two week high of $54.73. The business has a 50 day moving average of $40.14 and a two-hundred day moving average of $35.39. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.89 and a quick ratio of 2.43.

DXP Enterprises (NASDAQ:DXPEGet Free Report) last issued its quarterly earnings results on Thursday, March 7th. The industrial products company reported $1.12 earnings per share for the quarter. The company had revenue of $407.04 million during the quarter. DXP Enterprises had a return on equity of 19.30% and a net margin of 4.10%. During the same period in the previous year, the company posted $0.50 EPS. Analysts forecast that DXP Enterprises will post 3.16 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DXPE. StockNews.com upgraded shares of DXP Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 14th. TheStreet raised DXP Enterprises from a “c+” rating to a “b-” rating in a research note on Thursday, March 14th.

Read Our Latest Report on DXP Enterprises

About DXP Enterprises

(Get Free Report)

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).

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