DXP Enterprises Inc. (DXPE) Short Interest Update
DXP Enterprises Inc. (NASDAQ:DXPE) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 1,110,641 shares, a decrease of 30.4% from the October 14th total of 1,596,098 shares. Based on an average daily trading volume, of 486,664 shares, the days-to-cover ratio is currently 2.3 days. Currently, 8.6% of the shares of the stock are sold short.
A number of equities research analysts have recently issued reports on the stock. William Blair reissued a “market perform” rating and issued a $29.00 price target on shares of DXP Enterprises in a report on Saturday, October 22nd. Zacks Investment Research raised shares of DXP Enterprises from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a report on Friday, August 12th. Finally, Stephens set a $45.00 price target on shares of DXP Enterprises and gave the stock a “buy” rating in a report on Sunday, August 21st.
In other news, SVP John Jay Jeffery sold 1,000 shares of the stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $28.07, for a total value of $28,070.00. Following the sale, the senior vice president now directly owns 14,221 shares of the company’s stock, valued at $399,183.47. The sale was disclosed in a legal filing with the SEC, which is available at this link. 11.30% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new stake in DXP Enterprises during the third quarter valued at approximately $1,185,000. Stephens Inc. AR increased its stake in DXP Enterprises by 1.6% in the third quarter. Stephens Inc. AR now owns 63,427 shares of the company’s stock valued at $1,788,000 after buying an additional 973 shares during the last quarter. Morgan Stanley increased its stake in DXP Enterprises by 392.1% in the third quarter. Morgan Stanley now owns 42,829 shares of the company’s stock valued at $1,207,000 after buying an additional 34,125 shares during the last quarter. GMT Capital Corp increased its stake in DXP Enterprises by 41.7% in the third quarter. GMT Capital Corp now owns 1,595,545 shares of the company’s stock valued at $44,978,000 after buying an additional 469,409 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in DXP Enterprises by 4.5% in the third quarter. Principal Financial Group Inc. now owns 93,382 shares of the company’s stock valued at $2,632,000 after buying an additional 4,026 shares during the last quarter. Institutional investors own 80.52% of the company’s stock.
Shares of DXP Enterprises (NASDAQ:DXPE) opened at 25.31 on Monday. The stock’s market capitalization is $367.07 million. The company has a 50-day moving average of $25.14 and a 200-day moving average of $21.09. DXP Enterprises has a 52 week low of $12.67 and a 52 week high of $33.20.
DXP Enterprises Company Profile
DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.
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