Catawba River Capital Makes New Investment in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Catawba River Capital purchased a new position in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 181,664 shares of the company's stock, valued at approximately $6,249,000. Distribution Solutions Group makes up 3.7% of Catawba River Capital's investment portfolio, making the stock its 17th biggest position. Catawba River Capital owned approximately 0.39% of Distribution Solutions Group as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB increased its holdings in shares of Distribution Solutions Group by 1.7% in the fourth quarter. Swedbank AB now owns 661,292 shares of the company's stock valued at $22,748,000 after purchasing an additional 11,292 shares during the last quarter. Schwartz Investment Counsel Inc. grew its holdings in Distribution Solutions Group by 20.6% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 152,000 shares of the company's stock valued at $5,854,000 after buying an additional 26,000 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Distribution Solutions Group by 13.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,536 shares of the company's stock worth $829,000 after acquiring an additional 2,569 shares during the last quarter. Barclays PLC raised its holdings in shares of Distribution Solutions Group by 342.0% during the 3rd quarter. Barclays PLC now owns 17,007 shares of the company's stock worth $654,000 after acquiring an additional 13,159 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Distribution Solutions Group during the 3rd quarter valued at about $251,000. 91.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Barrington Research raised their price objective on shares of Distribution Solutions Group from $43.00 to $44.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th.

Distribution Solutions Group Trading Down 0.6 %

DSGR traded down $0.18 during trading hours on Friday, reaching $30.24. The company's stock had a trading volume of 17,595 shares, compared to its average volume of 40,121. The stock has a market cap of $1.42 billion, a PE ratio of 757.81 and a beta of 0.95. Distribution Solutions Group, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $41.47. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.81 and a quick ratio of 1.55. The business's 50-day moving average is $34.69 and its 200-day moving average is $36.30.

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.