GAMMA Investing LLC Has $56,000 Stake in DXP Enterprises, Inc. $DXPE

GAMMA Investing LLC grew its position in shares of DXP Enterprises, Inc. (NASDAQ:DXPE) by 24.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 634 shares of the industrial products company’s stock after acquiring an additional 124 shares during the quarter. GAMMA Investing LLC’s holdings in DXP Enterprises were worth $56,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of DXPE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in DXP Enterprises by 14.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,293 shares of the industrial products company’s stock worth $2,751,000 after acquiring an additional 4,321 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in DXP Enterprises by 3,657.9% during the 1st quarter. Harbor Capital Advisors Inc. now owns 2,856 shares of the industrial products company’s stock worth $235,000 after acquiring an additional 2,780 shares during the last quarter. SG Americas Securities LLC boosted its holdings in DXP Enterprises by 243.8% during the 1st quarter. SG Americas Securities LLC now owns 8,712 shares of the industrial products company’s stock worth $717,000 after acquiring an additional 6,178 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in DXP Enterprises by 0.8% during the 1st quarter. SummerHaven Investment Management LLC now owns 17,413 shares of the industrial products company’s stock worth $1,432,000 after acquiring an additional 142 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in DXP Enterprises during the 1st quarter worth $210,000. 74.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CMO Paz Maestas sold 5,000 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $120.11, for a total transaction of $600,550.00. Following the sale, the chief marketing officer directly owned 600,737 shares in the company, valued at $72,154,521.07. This represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP John Jay Jeffery sold 2,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $125.43, for a total value of $250,860.00. Following the sale, the senior vice president owned 20,008 shares in the company, valued at approximately $2,509,603.44. This represents a 9.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,316 shares of company stock valued at $4,960,704. 22.70% of the stock is currently owned by insiders.

DXP Enterprises Trading Down 0.5%

Shares of DXPE opened at $126.97 on Friday. The business’s 50-day moving average price is $118.48 and its 200-day moving average price is $97.14. DXP Enterprises, Inc. has a twelve month low of $48.45 and a twelve month high of $130.97. The stock has a market cap of $1.99 billion, a PE ratio of 24.23 and a beta of 1.16. The company has a quick ratio of 2.33, a current ratio of 2.79 and a debt-to-equity ratio of 1.33.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.04. DXP Enterprises had a return on equity of 20.94% and a net margin of 4.52%.The firm had revenue of $498.68 million for the quarter, compared to analysts’ expectations of $499.00 million. On average, equities analysts forecast that DXP Enterprises, Inc. will post 4.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DXPE shares. Wall Street Zen downgraded shares of DXP Enterprises from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 13th. Singular Research raised shares of DXP Enterprises to a “moderate buy” rating in a report on Tuesday, September 9th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of DXP Enterprises in a report on Saturday, September 27th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $95.00.

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).