Swedbank AB Has $17.12 Million Stock Position in Distribution Solutions Group, Inc. $DSGR

Swedbank AB trimmed its position in Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 7.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 625,000 shares of the company’s stock after selling 50,000 shares during the period. Swedbank AB’s holdings in Distribution Solutions Group were worth $17,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of Distribution Solutions Group by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 915,030 shares of the company’s stock worth $27,522,000 after buying an additional 6,882 shares during the last quarter. Nantahala Capital Management LLC lifted its stake in shares of Distribution Solutions Group by 9.3% in the third quarter. Nantahala Capital Management LLC now owns 230,339 shares of the company’s stock worth $6,929,000 after buying an additional 19,539 shares during the last quarter. Catawba River Capital lifted its stake in shares of Distribution Solutions Group by 1.8% in the third quarter. Catawba River Capital now owns 222,646 shares of the company’s stock worth $6,697,000 after buying an additional 3,957 shares during the last quarter. First Trust Advisors LP increased its position in Distribution Solutions Group by 95.1% during the third quarter. First Trust Advisors LP now owns 115,545 shares of the company’s stock worth $3,476,000 after acquiring an additional 56,325 shares during the period. Finally, Teton Advisors LLC bought a new position in Distribution Solutions Group during the third quarter worth $3,188,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DSGR has been the topic of a number of research reports. Stephens reaffirmed an “overweight” rating and set a $36.00 target price on shares of Distribution Solutions Group in a research report on Tuesday, May 5th. Weiss Ratings lowered shares of Distribution Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 19th. Zacks Research raised shares of Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Barrington Research dropped their target price on shares of Distribution Solutions Group from $35.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $34.50.

Distribution Solutions Group Stock Performance

Shares of DSGR stock opened at $27.00 on Tuesday. Distribution Solutions Group, Inc. has a 1 year low of $19.02 and a 1 year high of $33.80. The firm’s fifty day simple moving average is $26.72 and its 200 day simple moving average is $27.70. The firm has a market capitalization of $1.25 billion, a P/E ratio of 225.00 and a beta of 0.56. The company has a current ratio of 2.63, a quick ratio of 1.39 and a debt-to-equity ratio of 1.07.

Distribution Solutions Group (NASDAQ:DSGR) last announced its 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). Distribution Solutions Group had a return on equity of 8.49% and a net margin of 0.27%.The company had revenue of $496.00 million for the quarter, compared to the consensus estimate of $489.30 million. As a group, sell-side analysts predict that Distribution Solutions Group, Inc. will post 1.46 EPS for the current year.

Insider Transactions at Distribution Solutions Group

In other Distribution Solutions Group news, Director Robert Zamarripa purchased 14,000 shares of the stock in a transaction on Tuesday, March 10th. The shares were purchased at an average price of $21.23 per share, with a total value of $297,220.00. Following the acquisition, the director directly owned 47,105 shares of the company’s stock, valued at $1,000,039.15. This represents a 42.29% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 78.80% of the stock is owned by company insiders.

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.