46,575 Shares in Distribution Solutions Group, Inc. $DSGR Acquired by Groupe la Francaise

Groupe la Francaise bought a new stake in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 46,575 shares of the company’s stock, valued at approximately $1,222,000.

Other institutional investors also recently bought and sold shares of the company. Jane Street Group LLC grew its stake in shares of Distribution Solutions Group by 214.2% during the first quarter. Jane Street Group LLC now owns 23,586 shares of the company’s stock worth $660,000 after acquiring an additional 16,080 shares during the last quarter. Nantahala Capital Management LLC acquired a new stake in shares of Distribution Solutions Group during the second quarter worth $5,791,000. BNP Paribas Financial Markets grew its holdings in shares of Distribution Solutions Group by 53.5% during the second 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 last quarter. Monimus Capital Management LP increased its position in shares of Distribution Solutions Group by 13.0% in the 2nd quarter. Monimus Capital Management LP now owns 101,009 shares of the company’s stock valued at $2,775,000 after acquiring an additional 11,590 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Distribution Solutions Group by 62.1% in 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. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DSGR. Stephens set a $35.00 price target on Distribution Solutions Group in a research report on Thursday, July 16th. Weiss Ratings raised shares of Distribution Solutions Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Barrington Research set a $35.00 price objective on Distribution Solutions Group and gave the stock a “market perform” rating in a research report on Friday, July 17th. Finally, Zacks Research raised shares of Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Distribution Solutions Group has a consensus rating of “Hold” and an average price target of $35.00.

Distribution Solutions Group Trading Up 0.0%

Shares of DSGR stock opened at $34.57 on Friday. Distribution Solutions Group, Inc. has a 1-year low of $19.02 and a 1-year high of $34.83. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 288.08 and a beta of 0.56. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.63 and a quick ratio of 1.39. The stock has a 50 day simple moving average of $29.14 and a 200-day simple moving average of $28.17.

Distribution Solutions Group (NASDAQ:DSGR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The company had revenue of $496.00 million during the quarter, compared to analyst estimates of $489.30 million. Distribution Solutions Group had a net margin of 0.27% and a return on equity of 8.49%. On average, equities research analysts expect that Distribution Solutions Group, Inc. will post 1.31 EPS for the current fiscal year.

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.