Distribution Solutions Group (NASDAQ:DSGR) Stock Price Up 6.9% – What’s Next?

Shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) were up 6.9% during mid-day trading on Thursday . The stock traded as high as $27.30 and last traded at $27.3750. Approximately 214,340 shares traded hands during trading, an increase of 56% from the average daily volume of 137,613 shares. The stock had previously closed at $25.60.

Analysts Set New Price Targets

DSGR has been the subject of several research reports. Zacks Research downgraded Distribution Solutions Group from a “hold” rating to a “strong sell” rating in a report on Friday, March 13th. Barrington Research restated an “outperform” rating and set a $35.00 price target on shares of Distribution Solutions Group in a research note on Monday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Distribution Solutions Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $35.00.

Distribution Solutions Group Stock Up 5.5%

The company has a current ratio of 2.56, a quick ratio of 1.35 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 150.11 and a beta of 0.51. The firm’s 50 day simple moving average is $28.34 and its 200-day simple moving average is $28.65.

Distribution Solutions Group (NASDAQ:DSGR) last released its earnings results on Thursday, March 5th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.14). The firm had revenue of $481.60 million during the quarter, compared to analyst estimates of $496.30 million. Distribution Solutions Group had a return on equity of 9.02% and a net margin of 0.42%. On average, sell-side analysts anticipate that Distribution Solutions Group, Inc. will post 1.28 EPS for the current fiscal year.

Insider Transactions at Distribution Solutions Group

In other news, Director Robert Zamarripa acquired 14,000 shares of Distribution Solutions Group stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average price of $21.23 per share, for a total transaction of $297,220.00. Following the completion of the transaction, the director directly owned 47,105 shares in the company, valued at approximately $1,000,039.15. This trade represents a 42.29% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 79.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Distribution Solutions Group

A number of large investors have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its holdings in shares of Distribution Solutions Group by 53.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,170 shares of the company’s stock valued at $32,000 after buying an additional 408 shares during the period. Quarry LP purchased a new stake in shares of Distribution Solutions Group in the third quarter valued at approximately $42,000. Covestor Ltd grew its holdings in Distribution Solutions Group by 27.3% during the third quarter. Covestor Ltd now owns 2,232 shares of the company’s stock worth $67,000 after acquiring an additional 478 shares during the period. State of Alaska Department of Revenue purchased a new position in Distribution Solutions Group in the third quarter worth $80,000. Finally, Tudor Investment Corp ET AL acquired a new stake in Distribution Solutions Group in the third quarter valued at $226,000. 91.64% of the stock is owned by hedge funds and other 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.