Gladius Capital Management LP Has $30,000 Stake in DXP Enterprises, Inc. (NASDAQ:DXPE)

Gladius Capital Management LP lowered its stake in DXP Enterprises, Inc. (NASDAQ:DXPE) by 36.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 662 shares of the industrial products company’s stock after selling 374 shares during the quarter. Gladius Capital Management LP’s holdings in DXP Enterprises were worth $30,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Quest Partners LLC bought a new stake in shares of DXP Enterprises during the fourth quarter worth $80,000. Allspring Global Investments Holdings LLC boosted its position in DXP Enterprises by 36.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,380 shares of the industrial products company’s stock worth $215,000 after buying an additional 1,701 shares during the period. Louisiana State Employees Retirement System acquired a new stake in DXP Enterprises during the 4th quarter worth approximately $222,000. Maryland State Retirement & Pension System bought a new stake in shares of DXP Enterprises in the first quarter worth $244,000. Finally, BOKF NA bought a new position in DXP Enterprises during the 1st quarter worth $269,000. 74.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CMO Paz Maestas sold 4,000 shares of the stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $48.14, for a total transaction of $192,560.00. Following the transaction, the chief marketing officer now directly owns 621,867 shares of the company’s stock, valued at $29,936,677.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 22.10% of the stock is currently owned by company insiders.

DXP Enterprises Trading Up 1.1 %

Shares of DXPE stock opened at $49.53 on Friday. The company has a market cap of $788.91 million, a P/E ratio of 13.76 and a beta of 1.60. DXP Enterprises, Inc. has a fifty-two week low of $28.82 and a fifty-two week high of $57.38. The stock has a 50 day simple moving average of $48.31 and a two-hundred day simple moving average of $47.03. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.22 and a current ratio of 2.69.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of DXP Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th.

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).