Nantahala Capital Management LLC Decreases Position in DXP Enterprises, Inc. (NASDAQ:DXPE)

Nantahala Capital Management LLC decreased its holdings in DXP Enterprises, Inc. (NASDAQ:DXPE) by 61.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,206 shares of the industrial products company’s stock after selling 166,600 shares during the period. Nantahala Capital Management LLC owned about 0.65% of DXP Enterprises worth $4,731,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Innealta Capital LLC acquired a new position in DXP Enterprises during the 2nd quarter worth $29,000. Quest Partners LLC increased its stake in shares of DXP Enterprises by 24.8% during the second quarter. Quest Partners LLC now owns 2,109 shares of the industrial products company’s stock worth $97,000 after buying an additional 419 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in DXP Enterprises by 39.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,113 shares of the industrial products company’s stock valued at $189,000 after acquiring an additional 1,174 shares in the last quarter. Privium Fund Management UK Ltd purchased a new position in DXP Enterprises in the second quarter worth approximately $209,000. Finally, Maryland State Retirement & Pension System acquired a new position in DXP Enterprises during the 1st quarter worth approximately $244,000. Hedge funds and other institutional investors own 74.82% of the company’s stock.

Insider Transactions at DXP Enterprises

In related news, CMO Paz Maestas sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $49.00, for a total value of $122,500.00. Following the completion of the transaction, the chief marketing officer now directly owns 619,367 shares of the company’s stock, valued at $30,348,983. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 22.10% of the company’s stock.

DXP Enterprises Trading Up 0.9 %

Shares of NASDAQ:DXPE opened at $53.36 on Tuesday. DXP Enterprises, Inc. has a 52 week low of $28.82 and a 52 week high of $57.38. The company’s 50 day moving average is $51.17 and its two-hundred day moving average is $50.43. The company has a market cap of $849.92 million, a PE ratio of 14.73 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.

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

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).