DXP Enterprises – (DXPE, +1, June 25th) – David Little (CEO and Chairman since 1986) purchased 30,021 shares on June 18th at $28.67, spending $861,000. This is his first purchase since 2017, and his largest purchase in the shares. Since 2002 he has purchased the shares on 10 prior occasions and has a very good record with an average six-month return of +18%. On May 12th the company announced a 1.5m share repurchase program. The stock has tripled from its 2020 lows, yet despite the move, it has not attracted any meaningful selling. We are ranking the stock +1.
