DXP Enterprises Inc. (DXPE) Shares Down 3.4%
DXP Enterprises Inc. (NASDAQ:DXPE) dropped 3.4% during trading on Thursday . The stock traded as low as $15.87 and last traded at $16.02, with a volume of 68,078 shares trading hands. The stock had previously closed at $16.58.
Separately, Zacks Investment Research raised DXP Enterprises from a “strong sell” rating to a “hold” rating in a report on Friday, July 15th.
The firm has a 50 day moving average of $16.18 and a 200-day moving average of $16.44. The stock’s market cap is $238.51 million.
DXP Enterprises (NASDAQ:DXPE) last released its quarterly earnings data on Friday, May 13th. The company reported ($0.35) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.44. On average, equities research analysts expect that DXP Enterprises Inc. will post ($0.30) earnings per share for the current year.
In related news, major shareholder Gmt Capital Corp purchased 172,746 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was acquired at an average price of $15.96 per share, for a total transaction of $2,757,026.16. Following the completion of the acquisition, the insider now owns 1,595,545 shares of the company’s stock, valued at approximately $25,464,898.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
A hedge fund recently raised its stake in DXP Enterprises stock. Morgan Stanley boosted its position in shares of DXP Enterprises Inc. (NASDAQ:DXPE) by 309.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 62,571 shares of the company’s stock after buying an additional 47,294 shares during the period. Morgan Stanley owned approximately 0.43% of DXP Enterprises worth $1,427,000 at the end of the most recent quarter.
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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