Distribution Solutions Group, Inc. $DSGR Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC increased its stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 30,271.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,601 shares of the company’s stock after acquiring an additional 24,520 shares during the period. Parallel Advisors LLC owned approximately 0.05% of Distribution Solutions Group worth $859,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Signaturefd LLC increased its stake in shares of Distribution Solutions Group by 123.6% during the third quarter. Signaturefd LLC now owns 1,004 shares of the company’s stock valued at $35,000 after acquiring an additional 555 shares during the period. Versant Capital Management Inc acquired a new stake in Distribution Solutions Group in the third quarter worth approximately $26,000. Groupe la Francaise lifted its position in Distribution Solutions Group by 2.6% in the second quarter. Groupe la Francaise now owns 47,775 shares of the company’s stock worth $1,307,000 after purchasing an additional 1,200 shares during the period. Bank of America Corp DE lifted its position in Distribution Solutions Group by 22.6% in the first quarter. Bank of America Corp DE now owns 14,507 shares of the company’s stock worth $381,000 after purchasing an additional 2,673 shares during the period. Finally, Fortitude Family Office LLC bought a new position in Distribution Solutions Group during the 3rd quarter valued at $104,000. 91.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DSGR shares. Stephens set a $35.00 price target on Distribution Solutions Group in a research report on Thursday, July 16th. Barrington Research set a $35.00 price objective on Distribution Solutions Group and gave the company a “market perform” rating in a report on Friday, July 17th. Weiss Ratings lowered Distribution Solutions Group from a “hold (c)” rating to a “sell (d+)” rating in a report on Monday. Finally, Zacks Research raised Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Distribution Solutions Group presently has an average rating of “Reduce” and an average price target of $35.00.

Distribution Solutions Group Stock Up 0.1%

NASDAQ DSGR opened at $34.97 on Wednesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.47 and a quick ratio of 1.33. The company’s 50 day simple moving average is $34.94 and its 200 day simple moving average is $30.49. Distribution Solutions Group, Inc. has a 12 month low of $19.02 and a 12 month high of $35.29. The company has a market capitalization of $1.62 billion, a P/E ratio of 24.44 and a beta of 0.54.

Distribution Solutions Group (NASDAQ:DSGR) last issued its earnings results on Thursday, November 5th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.28. The firm had revenue of $573.62 million during the quarter, compared to analysts’ expectations of $558.60 million. Distribution Solutions Group had a net margin of 0.54% and a return on equity of 10.32%. Equities research analysts expect that Distribution Solutions Group, Inc. will post 1.35 earnings per share for the current fiscal year.

Distribution Solutions Group Profile

Distribution Solutions Group, Inc. is a specialty distribution company serving industrial, manufacturing and other business customers. It supplies products and related services that help customers maintain operations, support production and manage supply-chain needs. The company operates through three businesses: Lawson Products, which provides maintenance, repair and operations supplies; Gexpro Services, which supports original equipment manufacturers with supply-chain and distribution services; and TestEquity, which distributes test and measurement equipment, electronic production supplies and environmental test chambers.