Distribution Solutions Group (NASDAQ:DSGR) Trading Down 0.3% – Should You Sell?

Distribution Solutions Group, Inc. (NASDAQ:DSGR)’s stock price fell 0.3% during mid-day trading on Friday . The company traded as low as $28.68 and last traded at $28.86. 109,830 shares traded hands during mid-day trading, an increase of 94% from the average session volume of 56,569 shares. The stock had previously closed at $28.96.

Analyst Ratings Changes

DSGR has been the subject of several research reports. Barrington Research reiterated an “outperform” rating and set a $41.00 price target on shares of Distribution Solutions Group in a research note on Wednesday, November 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Distribution Solutions Group in a research report on Monday. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Distribution Solutions Group presently has an average rating of “Hold” and an average target price of $41.00.

Distribution Solutions Group Price Performance

The business has a fifty day moving average of $27.97 and a 200-day moving average of $29.10. The company has a current ratio of 2.50, a quick ratio of 1.38 and a debt-to-equity ratio of 1.02. The firm has a market cap of $1.33 billion, a PE ratio of -125.47 and a beta of 0.54.

Distribution Solutions Group (NASDAQ:DSGR) last posted its earnings results on Thursday, October 30th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). Distribution Solutions Group had a negative net margin of 0.57% and a positive return on equity of 10.79%. As a group, research analysts predict that Distribution Solutions Group, Inc. will post 1.28 earnings per share for the current year.

Distribution Solutions Group declared that its Board of Directors has approved a stock repurchase plan on Monday, November 17th that permits the company to buyback $30.00 million in shares. This buyback authorization permits the company to reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DSGR. Rhumbline Advisers raised its stake in Distribution Solutions Group by 3.8% in the first quarter. Rhumbline Advisers now owns 14,710 shares of the company’s stock valued at $412,000 after purchasing an additional 532 shares in the last quarter. Schwartz Investment Counsel Inc. raised its position in shares of Distribution Solutions Group by 32.2% during the 2nd quarter. Schwartz Investment Counsel Inc. now owns 330,424 shares of the company’s stock valued at $9,077,000 after buying an additional 80,532 shares in the last quarter. Nuveen LLC bought a new stake in shares of Distribution Solutions Group during the 1st quarter worth $876,000. Catawba River Capital lifted its holdings in shares of Distribution Solutions Group by 16.3% during the 2nd quarter. Catawba River Capital now owns 218,689 shares of the company’s stock worth $6,007,000 after acquiring an additional 30,685 shares during the last quarter. Finally, Swedbank AB grew its position in Distribution Solutions Group by 2.1% in the first quarter. Swedbank AB now owns 675,000 shares of the company’s stock worth $18,900,000 after acquiring an additional 13,708 shares in the last quarter. 91.64% of the stock is owned by institutional investors.

About Distribution Solutions Group

Distribution Solutions Group, Inc, a specialty distribution company, engages in the provision of value-added distribution solutions in North America, Europe, Asia, South America, and the Middle East. The company provides its solutions to the maintenance, repair, and operations (MRO); original equipment manufacturer (OEM); and industrial technology markets. It operates through three segments: Lawson, Gexpro Services, and TestEquity. The Lawson segment distributes of specialty products and services to the industrial, commercial, institutional, and government MRO market.