12,340 Shares in DXP Enterprises, Inc. (NASDAQ:DXPE) Bought by Denali Advisors LLC

Denali Advisors LLC purchased a new stake in DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,340 shares of the industrial products company's stock, valued at approximately $1,020,000. Denali Advisors LLC owned about 0.08% of DXP Enterprises as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DXPE. Global Retirement Partners LLC increased its position 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 valued at $29,000 after acquiring an additional 333 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of DXP Enterprises during the third quarter valued at approximately $41,000. Longboard Asset Management LP bought a new position in DXP Enterprises in the 4th quarter worth approximately $216,000. Savant Capital LLC bought a new position in DXP Enterprises in the 4th quarter worth approximately $230,000. Finally, Avidian Wealth Enterprises LLC acquired a new position in DXP Enterprises during the 4th quarter worth $371,000. Institutional investors and hedge funds own 74.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DXPE shares. Stephens boosted their target price on DXP Enterprises from $65.00 to $75.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. StockNews.com lowered DXP Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, December 20th.

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DXP Enterprises Trading Up 1.7 %

NASDAQ DXPE traded up $1.55 during trading hours on Friday, hitting $90.47. The company's stock had a trading volume of 154,942 shares, compared to its average volume of 272,401. The stock has a fifty day moving average of $94.37 and a 200 day moving average of $71.67. The company has a quick ratio of 1.78, a current ratio of 2.22 and a debt-to-equity ratio of 1.29. DXP Enterprises, Inc. has a twelve month low of $35.06 and a twelve month high of $107.06. The firm has a market capitalization of $1.42 billion, a P/E ratio of 23.32 and a beta of 1.67.

Insider Activity

In other news, insider Christopher T. Gregory sold 1,000 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $73.10, for a total value of $73,100.00. Following the completion of the sale, the insider now directly owns 29,606 shares of the company's stock, valued at $2,164,198.60. This represents a 3.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 22.40% of the stock is currently owned by company insiders.

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).