Distribution Solutions Group (NASDAQ:DSGR) Stock Price Up 6.9% – What’s Next?

Distribution Solutions Group, Inc. (NASDAQ:DSGR)’s share price shot up 6.9% on Thursday . The stock traded as high as $27.30 and last traded at $27.3750. 214,340 shares were traded during mid-day trading, an increase of 56% from the average session volume of 137,613 shares. The stock had previously closed at $25.60.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Barrington Research reaffirmed an “outperform” rating and set a $35.00 price target on shares of Distribution Solutions Group in a research report on Monday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Distribution Solutions Group in a research note on Monday, December 29th. Finally, Zacks Research downgraded Distribution Solutions Group from a “hold” rating to a “strong sell” rating in a research report on Friday, March 13th. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $35.00.

Distribution Solutions Group Price Performance

The company has a quick ratio of 1.35, a current ratio of 2.56 and a debt-to-equity ratio of 1.02. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 150.11 and a beta of 0.51. The company’s 50-day moving average price is $28.34 and its 200-day moving average price is $28.65.

Distribution Solutions Group (NASDAQ:DSGR) last posted its quarterly 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). The business had revenue of $481.60 million during the quarter, compared to analyst estimates of $496.30 million. Distribution Solutions Group had a return on equity of 9.02% and a net margin of 0.42%. On average, equities research analysts forecast that Distribution Solutions Group, Inc. will post 1.28 EPS for the current year.

Insider Buying and Selling

In related news, Director Robert Zamarripa purchased 14,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were bought at an average price of $21.23 per share, for a total transaction of $297,220.00. Following the acquisition, the director directly owned 47,105 shares in the company, valued at $1,000,039.15. This trade represents a 42.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 79.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Distribution Solutions Group

Several hedge funds and other institutional investors have recently made changes to their positions in DSGR. Teton Advisors LLC purchased a new stake in shares of Distribution Solutions Group during the 3rd quarter worth approximately $3,188,000. Schwartz Investment Counsel Inc. grew its position in shares of Distribution Solutions Group by 7.6% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 355,424 shares of the company’s stock valued at $10,691,000 after buying an additional 25,000 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in Distribution Solutions Group during the 3rd quarter worth $226,000. JPMorgan Chase & Co. lifted its position in Distribution Solutions Group by 62.1% in the third quarter. JPMorgan Chase & Co. now owns 15,080 shares of the company’s stock valued at $454,000 after acquiring an additional 5,779 shares during the last quarter. Finally, Catawba River Capital lifted its position in Distribution Solutions Group by 1.8% in the third quarter. Catawba River Capital now owns 222,646 shares of the company’s stock valued at $6,697,000 after acquiring an additional 3,957 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

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.