Van Berkom Associates buys $23,431,507 stake in DXP Enterprises Inc (DXPE)

DXP Enterprises Inc (DXPE) : Van Berkom Associates scooped up 97,889 additional shares in DXP Enterprises Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 1,043,255 shares of DXP Enterprises Inc which is valued at $23,431,507.DXP Enterprises Inc makes up approximately 1.05% of Van Berkom Associates’s portfolio.

DXP Enterprises Inc opened for trading at $22.36 and hit $23.21 on the upside on Wednesday, eventually ending the session at $22.94, with a gain of 1.64% or 0.37 points. The heightened volatility saw the trading volume jump to 88,253 shares. Company has a market cap of $331 M.

Other Hedge Funds, Including , Skylands Capital sold out all of its stake in DXPE during the most recent quarter. The investment firm sold 7,174 shares of DXPE which is valued $142,834.Creative Planning reduced its stake in DXPE by selling 26 shares or 6.1% in the most recent quarter. The Hedge Fund company now holds 400 shares of DXPE which is valued at $7,192.

On the company’s financial health, DXP Enterprises Inc reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Feb 26, 2016. Analyst had a consensus of $0.25. The company had revenue of $278.70 million for the quarter, compared to analysts expectations of $289.09 million. The company’s revenue was down -27.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.95 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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