Distribution Solutions Group, Inc. (NASDAQ:DSGR) Shares Sold by Royce & Associates LP

Royce & Associates LP cut its stake in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 7.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 617,954 shares of the company’s stock after selling 51,733 shares during the period. Royce & Associates LP’s holdings in Distribution Solutions Group were worth $23,797,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its stake in Distribution Solutions Group by 4.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,417 shares of the company’s stock valued at $335,000 after acquiring an additional 406 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Distribution Solutions Group by 8.6% in the 1st quarter. BNP Paribas Financial Markets now owns 8,500 shares of the company’s stock worth $302,000 after acquiring an additional 676 shares during the period. Rhumbline Advisers grew its holdings in shares of Distribution Solutions Group by 11.1% in the 2nd quarter. Rhumbline Advisers now owns 13,986 shares of the company’s stock worth $420,000 after acquiring an additional 1,398 shares during the period. California State Teachers Retirement System grew its holdings in shares of Distribution Solutions Group by 15.7% in the 1st quarter. California State Teachers Retirement System now owns 11,530 shares of the company’s stock worth $409,000 after acquiring an additional 1,563 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Distribution Solutions Group in the 3rd quarter worth approximately $150,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Distribution Solutions Group Price Performance

Shares of NASDAQ:DSGR opened at $37.61 on Friday. The business’s fifty day moving average price is $38.26 and its two-hundred day moving average price is $34.92. The stock has a market cap of $1.76 billion, a PE ratio of 940.25 and a beta of 0.96. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.55 and a current ratio of 2.81. Distribution Solutions Group, Inc. has a one year low of $24.42 and a one year high of $41.47.

Distribution Solutions Group (NASDAQ:DSGR) last announced its earnings results on Thursday, October 31st. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). The company had revenue of $468.02 million for the quarter, compared to analyst estimates of $469.80 million. Distribution Solutions Group had a net margin of 0.13% and a return on equity of 8.89%. During the same quarter last year, the company posted $0.17 EPS. On average, analysts forecast that Distribution Solutions Group, Inc. will post 1.39 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DSGR shares. Barrington Research upped their price target on Distribution Solutions Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Stephens reiterated an “overweight” rating and set a $42.00 target price on shares of Distribution Solutions Group in a report on Monday, August 5th.

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.