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

DXP Enterprises, Inc. (NASDAQ:DXPE) was the recipient of a significant decline in short interest in 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. Approximately 4.1% of the company’s shares are short sold. Based on an average daily trading volume, of 97,600 shares, the days-to-cover ratio is presently 5.4 days.

DXP Enterprises Stock Down 1.6 %

Shares of DXPE traded down $0.81 on Thursday, reaching $49.08. The company’s stock had a trading volume of 92,484 shares, compared to its average volume of 103,526. DXP Enterprises has a twelve month low of $28.82 and a twelve month high of $57.38. The stock has a market capitalization of $774.92 million, a PE ratio of 13.86 and a beta of 1.59. The company has a current ratio of 2.39, a quick ratio of 1.92 and a debt-to-equity ratio of 1.35. The firm has a fifty day moving average of $51.72 and a 200-day moving average of $50.19.

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

Insider Buying and Selling at DXP Enterprises

In other news, CMO Paz Maestas sold 2,500 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $49.00, for a total transaction of $122,500.00. Following the transaction, the chief marketing officer now owns 619,367 shares of the company’s stock, valued at $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 is available through this link. Insiders own 22.40% of the company’s stock.

Institutional Trading of DXP Enterprises

A number of institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. bought a new position in DXP Enterprises in the 2nd quarter worth about $32,797,000. Renaissance Technologies LLC grew its position in DXP Enterprises by 125.3% in the second quarter. Renaissance Technologies LLC now owns 111,300 shares of the industrial products company’s stock worth $5,102,000 after acquiring an additional 61,900 shares in the last quarter. Acadian Asset Management LLC increased its stake in DXP Enterprises by 5.5% in the second quarter. Acadian Asset Management LLC now owns 101,058 shares of the industrial products company’s stock valued at $4,630,000 after acquiring an additional 5,311 shares during the last quarter. LSV Asset Management lifted its stake in DXP Enterprises by 63.1% during the second quarter. LSV Asset Management now owns 90,495 shares of the industrial products company’s stock worth $4,148,000 after purchasing an additional 35,011 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of DXP Enterprises by 7.1% in the 2nd quarter. Sei Investments Co. now owns 83,757 shares of the industrial products company’s stock worth $3,839,000 after purchasing an additional 5,543 shares in the last quarter. 74.82% of the stock is owned by hedge funds and other institutional investors.

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).