Norwood Investment Partners LP Invests $4.25 Billion in Distribution Solutions Group, Inc. $DSGR

Norwood Investment Partners LP bought a new stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 155,488 shares of the company’s stock, valued at approximately $4,252,597,000. Distribution Solutions Group comprises approximately 5.9% of Norwood Investment Partners LP’s portfolio, making the stock its 7th biggest position. Norwood Investment Partners LP owned approximately 0.34% of Distribution Solutions Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Distribution Solutions Group during the 2nd quarter valued at $18,750,000. Deutsche Bank AG purchased a new stake in Distribution Solutions Group in the 2nd quarter worth about $292,000. Bank of New York Mellon Corp bought a new stake in Distribution Solutions Group in the 2nd quarter valued at about $684,000. Groupe la Francaise bought a new stake in Distribution Solutions Group in the 1st quarter valued at about $1,222,000. Finally, Bank of America Corp DE lifted its holdings in Distribution Solutions Group by 22.6% during the first quarter. Bank of America Corp DE now owns 14,507 shares of the company’s stock valued at $381,000 after purchasing an additional 2,673 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Distribution Solutions Group Price Performance

DSGR stock opened at $34.80 on Friday. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $1.61 billion, a PE ratio of 183.16 and a beta of 0.54. Distribution Solutions Group, Inc. has a twelve month low of $19.02 and a twelve month high of $35.06. The stock has a 50-day simple moving average of $31.38 and a two-hundred day simple moving average of $28.74.

Distribution Solutions Group (NASDAQ:DSGR) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.25. Distribution Solutions Group had a net margin of 0.44% and a return on equity of 9.33%. The firm had revenue of $557.73 million for the quarter, compared to the consensus estimate of $520.75 million. On average, equities analysts predict that Distribution Solutions Group, Inc. will post 1.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DSGR shares. Zacks Research upgraded shares of Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Weiss Ratings upgraded shares of Distribution Solutions Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Barrington Research set a $35.00 price objective on shares of Distribution Solutions Group and gave the stock a “market perform” rating in a report on Friday, July 17th. Finally, Stephens set a $35.00 price objective on shares of Distribution Solutions Group in a research note on Thursday, July 16th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $35.00.

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.