DXP Enterprises, Inc. (NASDAQ:DXPE – Get Rating) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 440,000 shares, an increase of 10.5% from the November 30th total of 398,200 shares. Currently, 2.8% of the company’s stock are short sold. Based on an average daily volume of 63,300 shares, the short-interest ratio is presently 7.0 days.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of DXP Enterprises from a “buy” rating to a “strong-buy” rating in a report on Monday, November 14th.
DXP Enterprises Stock Performance
Shares of DXPE stock traded down $0.01 during midday trading on Monday, hitting $27.55. 1,503 shares of the company were exchanged, compared to its average volume of 88,605. DXP Enterprises has a 52 week low of $22.09 and a 52 week high of $34.74. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.40 and a current ratio of 1.93. The firm’s 50 day moving average price is $27.00 and its two-hundred day moving average price is $27.77. The firm has a market capitalization of $516.98 million, a P/E ratio of 13.06 and a beta of 1.90.
DXP Enterprises (NASDAQ:DXPE – Get Rating) last issued its quarterly earnings data on Wednesday, November 9th. The industrial products company reported $0.75 earnings per share for the quarter. DXP Enterprises had a net margin of 3.01% and a return on equity of 11.54%. The business had revenue of $387.31 million during the quarter. As a group, equities research analysts anticipate that DXP Enterprises will post 2.3 earnings per share for the current year.
Insider Activity at DXP Enterprises
In related news, CEO David R. Little sold 20,000 shares of the firm’s stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $28.05, for a total value of $561,000.00. Following the completion of the transaction, the chief executive officer now owns 1,349,128 shares of the company’s stock, valued at $37,843,040.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, VP David C. Vinson sold 3,557 shares of DXP Enterprises stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $27.71, for a total value of $98,564.47. Following the completion of the transaction, the vice president now owns 6,275 shares of the company’s stock, valued at approximately $173,880.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David R. Little sold 20,000 shares of DXP Enterprises stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $28.05, for a total transaction of $561,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,349,128 shares of the company’s stock, valued at approximately $37,843,040.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,757 shares of company stock valued at $775,736. Corporate insiders own 19.60% of the company’s stock.
Institutional Trading of DXP Enterprises
Hedge funds and other institutional investors have recently bought and sold shares of the business. Lazard Asset Management LLC acquired a new position in shares of DXP Enterprises in the 2nd quarter valued at approximately $32,000. Public Employees Retirement System of Ohio grew its holdings in shares of DXP Enterprises by 51.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,616 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 546 shares during the last quarter. KBC Group NV bought a new stake in shares of DXP Enterprises during the 2nd quarter valued at approximately $42,000. Captrust Financial Advisors grew its holdings in shares of DXP Enterprises by 67.8% during the 1st quarter. Captrust Financial Advisors now owns 1,606 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 649 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its holdings in DXP Enterprises by 15.8% during the 2nd quarter. Mutual of America Capital Management LLC now owns 2,880 shares of the industrial products company’s stock worth $88,000 after acquiring an additional 394 shares during the last quarter. Institutional investors and hedge funds own 71.11% of the company’s stock.
About DXP Enterprises
DXP Enterprises, Inc, together with its subsidiaries, engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to the energy and industrial customers primarily in the United States and Canada. It operates through three segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS).