Norwood Investment Partners LP Has $3.63 Million Stock Holdings in Distribution Solutions Group, Inc. $DSGR

Norwood Investment Partners LP decreased its holdings in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 14.2% during the 3rd quarter, Holdings Channel reports. The firm owned 120,700 shares of the company’s stock after selling 20,000 shares during the quarter. Distribution Solutions Group comprises 3.1% of Norwood Investment Partners LP’s holdings, making the stock its 14th largest position. Norwood Investment Partners LP’s holdings in Distribution Solutions Group were worth $3,631,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in Distribution Solutions Group by 53.5% in the second quarter. BNP Paribas Financial Markets now owns 1,170 shares of the company’s stock worth $32,000 after purchasing an additional 408 shares in the last quarter. Covestor Ltd grew its position in shares of Distribution Solutions Group by 27.3% during the 3rd quarter. Covestor Ltd now owns 2,232 shares of the company’s stock worth $67,000 after buying an additional 478 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Distribution Solutions Group during the 3rd quarter worth approximately $80,000. Douglas Lane & Associates LLC bought a new stake in shares of Distribution Solutions Group in the 3rd quarter valued at $421,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Distribution Solutions Group by 62.1% during the 3rd 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 period. Institutional investors and hedge funds own 91.64% of the company’s stock.

Distribution Solutions Group Stock Performance

NASDAQ DSGR opened at $29.71 on Thursday. The company has a market cap of $1.37 billion, a P/E ratio of -129.17 and a beta of 0.51. The company has a fifty day simple moving average of $29.55 and a 200 day simple moving average of $29.36. The company has a current ratio of 2.50, a quick ratio of 1.38 and a debt-to-equity ratio of 1.02. Distribution Solutions Group, Inc. has a 12-month low of $21.87 and a 12-month high of $33.80.

Distribution Solutions Group announced that its board has authorized a share buyback program on Monday, November 17th that allows the company to repurchase $30.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 2.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have commented on DSGR shares. Weiss Ratings restated a “sell (d)” rating on shares of Distribution Solutions Group in a report on Monday, December 29th. Barrington Research reissued an “outperform” rating and set a $41.00 price objective on shares of Distribution Solutions Group in a research report on Monday. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $41.00.

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.