In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), DXP Enterprises Inc. (NASDAQ:DXPE) reported that Van Berkom & Associates Inc. has picked up 844,984 of common stock as of 2017-07-19.The acquisition brings the aggregate amount owned by Van Berkom & Associates Inc. to a total of 844,984 representing a 4.85% in the company.
For those not familiar with the company, DXP Enterprises, Inc. (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers. The Supply Chain Services segment manages all or part of a customer’s supply chain, including procurement and inventory management. The Innovative Pumping Solutions segment provides source for engineering, systems design and fabrication. It operates from approximately 190 locations in over 40 states in the United States, approximately 10 provinces in Canada, Dubai and one state in Mexico. The Company’s product categories include rotating equipment, bearings & power transmission, industrial supplies, metal working and safety products & services.
A glance at DXP Enterprises Inc. (NASDAQ:DXPE)’s key stats reveals a current market capitalization of 592.09 Million based on 17.42 Million shares outstanding and a price at last close of $34.37 per share.
Looking at insider activity, there are a few recent transactions worth noting.
Specifically, on 2017-04-07, Mcconnell picked up 384 at a purchase price of $27.40. This brings their total holding to 17,617 as of the date of the filing.
On the sell side, the most recent transaction saw Yee unload 4,000 shares at a sale price of $37.63. This brings their total holding to 40,278.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on DXP Enterprises Inc. (NASDAQ:DXPE) as things move forward to see if its progress aligns with these transactions. Subscribe below and we’ll keep you on top of what’s happening before it moves markets.