Distribution Solutions Group (NASDAQ:DSGR) Director Robert Zamarripa Acquires 14,000 Shares

Distribution Solutions Group, Inc. (NASDAQ:DSGR) Director Robert Zamarripa bought 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average cost of $21.23 per share, with a total value of $297,220.00. Following the completion of the transaction, the director directly owned 47,105 shares in the company, valued at $1,000,039.15. This represents a 42.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Distribution Solutions Group Stock Down 1.4%

DSGR stock traded down $0.30 during trading on Wednesday, reaching $20.61. 145,911 shares of the stock were exchanged, compared to its average volume of 123,380. The firm’s 50 day moving average is $28.86 and its 200 day moving average is $28.98. The firm has a market cap of $951.98 million, a P/E ratio of 16.86 and a beta of 0.51. The company has a current ratio of 2.56, a quick ratio of 1.35 and a debt-to-equity ratio of 1.02. Distribution Solutions Group, Inc. has a twelve month low of $20.12 and a twelve month high of $33.80.

Distribution Solutions Group (NASDAQ:DSGR) last announced its quarterly earnings data on Thursday, March 5th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.14). Distribution Solutions Group had a net margin of 0.42% and a return on equity of 9.02%. The firm had revenue of $481.60 million during the quarter, compared to analyst estimates of $496.30 million. As a group, research analysts forecast that Distribution Solutions Group, Inc. will post 1.28 EPS for the current year.

Distribution Solutions Group announced that its board has initiated a stock repurchase plan on Monday, November 17th that allows the company to repurchase $30.00 million in shares. This repurchase authorization allows the company to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on DSGR shares. Weiss Ratings reissued a “sell (d)” rating on shares of Distribution Solutions Group in a research report on Monday, December 29th. Barrington Research reduced their price objective on shares of Distribution Solutions Group from $41.00 to $35.00 and set an “outperform” rating for the company in a research report on Tuesday. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Distribution Solutions Group currently has a consensus rating of “Hold” and a consensus price target of $35.00.

Hedge Funds Weigh In On Distribution Solutions Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Teton Advisors LLC purchased a new position in shares of Distribution Solutions Group in the third quarter worth about $3,188,000. Schwartz Investment Counsel Inc. boosted its holdings in Distribution Solutions Group by 7.6% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 355,424 shares of the company’s stock worth $10,691,000 after buying an additional 25,000 shares during the period. Tudor Investment Corp ET AL purchased a new position in Distribution Solutions Group in the 3rd quarter valued at approximately $226,000. JPMorgan Chase & Co. raised its holdings in Distribution Solutions Group by 62.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,080 shares of the company’s stock valued at $454,000 after acquiring an additional 5,779 shares during the period. Finally, Catawba River Capital lifted its position in shares of Distribution Solutions Group by 1.8% during the third quarter. Catawba River Capital now owns 222,646 shares of the company’s stock worth $6,697,000 after acquiring an additional 3,957 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

Distribution Solutions Group Company Profile

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.