Pacific Global Investment Management Co buys $6,758,113 stake in DXP Enterprises Inc (DXPE)

DXP Enterprises Inc (DXPE) : Pacific Global Investment Management Co scooped up 5,305 additional shares in DXP Enterprises Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 241,275 shares of DXP Enterprises Inc which is valued at $6,758,113.DXP Enterprises Inc makes up approximately 1.51% of Pacific Global Investment Management Co’s portfolio.

Other Hedge Funds, Including , Algert Global sold out all of its stake in DXPE during the most recent quarter. The investment firm sold 19,366 shares of DXPE which is valued $542,442.New York State Common Retirement Fund boosted its stake in DXPE in the latest quarter, The investment management firm added 3,930 additional shares and now holds a total of 20,330 shares of DXP Enterprises Inc which is valued at $569,443.Vanguard Group Inc reduced its stake in DXPE by selling 167,610 shares or 23.2% in the most recent quarter. The Hedge Fund company now holds 554,951 shares of DXPE which is valued at $15,544,178.Strs Ohio boosted its stake in DXPE in the latest quarter, The investment management firm added 18,800 additional shares and now holds a total of 28,200 shares of DXP Enterprises Inc which is valued at $468,966.

DXP Enterprises Inc opened for trading at $28.77 and hit $29.188 on the upside on Monday, eventually ending the session at $28.88, with a gain of 0.10% or 0.03 points. The heightened volatility saw the trading volume jump to 1,32,895 shares. Company has a market cap of $419 M.

On the company’s financial health, DXP Enterprises Inc reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.36 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $-0.02. The company had revenue of $256.22 million for the quarter, compared to analysts expectations of $252.07 million. The company’s revenue was down -20.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.47 EPS.

DXP Enterprises Inc. (DXP) is a products and services distributor company. The Company is engaged in the business of distributing maintenance repair and operating (MRO) products equipment and service to industrial customers. The Company is organized into three business segments: Service Centers Supply Chain Services (SCS) and Innovative Pumping Solutions (IPS). The Service Centers segment provides MRO products equipment and services including logistics to industrial customers. The Supply Chain Services segment manages all or part of a customer’s supply chain including warehouse and inventory management. Innovative Pumping Solutions segment provides source for engineering systems design and fabrication. The Company offers key product categories which include rotating equipment bearings and power transmission products industrial supplies metal working products safety products and services.

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