Longboard Asset Management LP Invests $216,000 in DXP Enterprises, Inc. (NASDAQ:DXPE)

Longboard Asset Management LP purchased a new stake in DXP Enterprises, Inc. (NASDAQ:DXPE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,617 shares of the industrial products company’s stock, valued at approximately $216,000.

Several other institutional investors have also recently bought and sold shares of DXPE. Quantbot Technologies LP bought a new position in DXP Enterprises in the 3rd quarter valued at $41,000. SG Americas Securities LLC acquired a new position in shares of DXP Enterprises during the third quarter valued at $197,000. Jane Street Group LLC lifted its stake in shares of DXP Enterprises by 9.6% during the third quarter. Jane Street Group LLC now owns 5,915 shares of the industrial products company’s stock valued at $316,000 after acquiring an additional 517 shares during the period. CWA Asset Management Group LLC bought a new position in DXP Enterprises in the third quarter valued at about $1,107,000. Finally, De Lisle Partners LLP increased its position in DXP Enterprises by 96.7% in the third quarter. De Lisle Partners LLP now owns 21,654 shares of the industrial products company’s stock worth $1,157,000 after purchasing an additional 10,645 shares during the period. Institutional investors own 74.82% of the company’s stock.

Insiders Place Their Bets

In other DXP Enterprises news, insider Christopher T. Gregory sold 1,000 shares of DXP Enterprises stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $73.10, for a total value of $73,100.00. Following the transaction, the insider now owns 29,606 shares of the company’s stock, valued at approximately $2,164,198.60. The trade was a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 22.40% of the company’s stock.

DXP Enterprises Trading Down 3.1 %

NASDAQ:DXPE opened at $98.15 on Tuesday. The company has a current ratio of 2.22, a quick ratio of 1.78 and a debt-to-equity ratio of 1.29. DXP Enterprises, Inc. has a 1-year low of $31.56 and a 1-year high of $107.06. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 25.30 and a beta of 1.67. The business’s 50-day moving average price is $86.00 and its two-hundred day moving average price is $65.23.

DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.48. The business had revenue of $472.94 million for the quarter. DXP Enterprises had a net margin of 3.75% and a return on equity of 18.74%. During the same quarter in the prior year, the business earned $0.93 earnings per share. On average, equities analysts expect that DXP Enterprises, Inc. will post 4.07 earnings per share for the current year.

Analysts Set New Price Targets

DXPE has been the topic of a number of research reports. Stephens upped their target price on shares of DXP Enterprises from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. StockNews.com lowered shares of DXP Enterprises from a “buy” rating to a “hold” rating in a report on Friday, December 20th.

DXP Enterprises 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).