Robert Zamarripa Purchases 14,000 Shares of Distribution Solutions Group (NASDAQ:DSGR) Stock

Distribution Solutions Group, Inc. (NASDAQ:DSGR) Director Robert Zamarripa purchased 14,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were acquired at an average price of $21.23 per share, for a total transaction of $297,220.00. Following the acquisition, the director owned 47,105 shares of the company’s stock, valued at $1,000,039.15. This trade represents a 42.29% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Distribution Solutions Group Trading Down 1.4%

Shares of Distribution Solutions Group stock traded down $0.30 during trading on Wednesday, hitting $20.61. The company’s stock had a trading volume of 145,911 shares, compared to its average volume of 123,380. The stock has a market cap of $951.98 million, a price-to-earnings ratio of 16.86 and a beta of 0.51. Distribution Solutions Group, Inc. has a 52 week low of $20.12 and a 52 week high of $33.80. The stock has a 50-day moving average price of $28.86 and a two-hundred day moving average price of $28.98. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.56 and a quick ratio of 1.35.

Distribution Solutions Group (NASDAQ:DSGR) last announced 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). Distribution Solutions Group had a return on equity of 9.02% and a net margin of 0.42%.The company had revenue of $481.60 million for the quarter, compared to analyst estimates of $496.30 million. Equities research analysts anticipate that Distribution Solutions Group, Inc. will post 1.28 EPS for the current fiscal year.

Distribution Solutions Group announced that its board has authorized a stock buyback program on Monday, November 17th that permits the company to buyback $30.00 million in shares. This buyback authorization permits the company to repurchase up to 2.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in Distribution Solutions Group by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 915,030 shares of the company’s stock worth $27,522,000 after acquiring an additional 6,882 shares in the last quarter. Schwartz Investment Counsel Inc. grew its holdings in Distribution Solutions Group by 7.6% in the third quarter. Schwartz Investment Counsel Inc. now owns 355,424 shares of the company’s stock worth $10,691,000 after purchasing an additional 25,000 shares during the period. Nantahala Capital Management LLC increased its stake in Distribution Solutions Group by 43.3% in the fourth quarter. Nantahala Capital Management LLC now owns 330,000 shares of the company’s stock valued at $9,039,000 after purchasing an additional 99,661 shares in the last quarter. Geode Capital Management LLC increased its stake in Distribution Solutions Group by 2.4% in the second quarter. Geode Capital Management LLC now owns 261,782 shares of the company’s stock valued at $7,193,000 after purchasing an additional 6,038 shares in the last quarter. Finally, Catawba River Capital raised its holdings 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 valued at $6,697,000 after purchasing an additional 3,957 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DSGR. Weiss Ratings reiterated a “sell (d)” rating on shares of Distribution Solutions Group in a report on Monday, December 29th. Barrington Research dropped their price objective on Distribution Solutions Group from $41.00 to $35.00 and set an “outperform” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Distribution Solutions Group has an average rating of “Hold” and a consensus target price of $35.00.

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.