DXP Enterprises, Inc. (NASDAQ:DXPE) Stake Boosted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its stake in shares of DXP Enterprises, Inc. (NASDAQ:DXPE - Free Report) by 39.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,858 shares of the industrial products company's stock after purchasing an additional 14,886 shares during the quarter. Assenagon Asset Management S.A. owned 0.33% of DXP Enterprises worth $2,821,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of DXPE. Innealta Capital LLC acquired a new position in shares of DXP Enterprises during the second quarter worth about $29,000. Quest Partners LLC increased its position 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 acquiring an additional 419 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of DXP Enterprises by 39.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,113 shares of the industrial products company's stock worth $189,000 after acquiring an additional 1,174 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of DXP Enterprises during the third quarter worth about $197,000. Finally, Privium Fund Management UK Ltd purchased a new stake in shares of DXP Enterprises during the second quarter worth about $209,000. Institutional investors and hedge funds own 74.82% of the company's stock.

Insider Activity at DXP Enterprises

In related news, CMO Paz Maestas sold 2,000 shares of the business's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $53.21, for a total value of $106,420.00. Following the completion of the sale, the chief marketing officer now directly owns 617,367 shares of the company's stock, valued at $32,850,098.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 22.40% of the stock is owned by corporate insiders.

DXP Enterprises Stock Down 1.6 %

Shares of NASDAQ DXPE traded down $0.81 during midday trading on Thursday, reaching $49.08. 92,483 shares of the company's stock were exchanged, compared to its average volume of 103,526. DXP Enterprises, Inc. has a 52-week low of $28.82 and a 52-week high of $57.38. The stock has a market capitalization of $774.92 million, a PE ratio of 13.99 and a beta of 1.59. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.92 and a current ratio of 2.39. The business's fifty day moving average price is $51.72 and its two-hundred day moving average price is $50.19.

DXP Enterprises (NASDAQ:DXPE - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The industrial products company reported $1.02 earnings per share for the quarter. The firm had revenue of $445.56 million during the quarter. DXP Enterprises had a return on equity of 17.22% and a net margin of 3.57%. Analysts forecast that DXP Enterprises, Inc. will post 3.56 EPS for the current year.

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).