GAMMA Investing LLC Buys 41,508 Shares of DXP Enterprises, Inc. (NASDAQ:DXPE)

GAMMA Investing LLC increased its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 9,327.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,953 shares of the industrial products company's stock after purchasing an additional 41,508 shares during the period. GAMMA Investing LLC owned approximately 0.27% of DXP Enterprises worth $3,451,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DXPE. Global Retirement Partners LLC lifted its holdings in DXP Enterprises by 2,220.0% in the 4th quarter. Global Retirement Partners LLC now owns 348 shares of the industrial products company's stock worth $29,000 after purchasing an additional 333 shares during the last quarter. Smartleaf Asset Management LLC increased its position in DXP Enterprises by 3,150.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 520 shares of the industrial products company's stock worth $43,000 after buying an additional 504 shares during the period. Lazard Asset Management LLC acquired a new stake in DXP Enterprises in the 4th quarter worth $159,000. Hsbc Holdings PLC bought a new stake in shares of DXP Enterprises in the fourth quarter valued at about $208,000. Finally, Pictet Asset Management Holding SA acquired a new stake in shares of DXP Enterprises during the 4th quarter worth approximately $218,000. Institutional investors and hedge funds own 74.82% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DXPE. Wall Street Zen lowered DXP Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, May 16th. Stephens lifted their price target on DXP Enterprises from $75.00 to $95.00 and gave the company an "overweight" rating in a report on Monday, March 10th.

Insider Transactions at DXP Enterprises

In other DXP Enterprises news, CEO David R. Little acquired 5,999 shares of the business's stock in a transaction dated Wednesday, March 26th. The shares were acquired at an average price of $82.70 per share, for a total transaction of $496,117.30. Following the acquisition, the chief executive officer now directly owns 1,257,593 shares of the company's stock, valued at approximately $104,002,941.10. This trade represents a 0.48% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Timothy P. Halter sold 5,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $89.75, for a total value of $448,750.00. Following the completion of the transaction, the director now owns 45,925 shares of the company's stock, valued at $4,121,768.75. This represents a 9.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,785 shares of company stock worth $1,400,818. 22.40% of the stock is currently owned by company insiders.

DXP Enterprises Trading Down 1.7%

Shares of NASDAQ DXPE traded down $1.38 during midday trading on Thursday, hitting $78.83. The stock had a trading volume of 75,396 shares, compared to its average volume of 157,980. The company has a debt-to-equity ratio of 1.29, a current ratio of 2.22 and a quick ratio of 1.78. DXP Enterprises, Inc. has a fifty-two week low of $43.25 and a fifty-two week high of $107.06. The firm has a market cap of $1.24 billion, a P/E ratio of 20.32 and a beta of 1.17. The company's 50-day simple moving average is $83.51 and its 200 day simple moving average is $86.27.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last issued its earnings results on Wednesday, May 7th. The industrial products company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.20 by $0.06. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. The company had revenue of $476.57 million during the quarter, compared to analysts' expectations of $477.00 million. Research analysts anticipate that DXP Enterprises, Inc. will post 4.07 EPS for the current year.

About DXP Enterprises

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).