Connor Clark & Lunn Investment Management Ltd. trimmed its position in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 48.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,204 shares of the company's stock after selling 10,332 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Distribution Solutions Group were worth $385,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new stake in shares of Distribution Solutions Group in the 3rd quarter valued at approximately $251,000. BNP Paribas Financial Markets increased its holdings in Distribution Solutions Group by 21.6% in the third quarter. BNP Paribas Financial Markets now owns 5,014 shares of the company's stock valued at $193,000 after buying an additional 891 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Distribution Solutions Group in the third quarter valued at $87,000. Barclays PLC lifted its position 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 buying an additional 13,159 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in Distribution Solutions Group by 26.8% in the fourth quarter. SG Americas Securities LLC now owns 4,952 shares of the company's stock valued at $170,000 after acquiring an additional 1,046 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Barrington Research restated an "outperform" rating and set a $44.00 price objective on shares of Distribution Solutions Group in a research report on Tuesday, March 11th.
Check Out Our Latest Report on Distribution Solutions Group
Distribution Solutions Group Stock Performance
NASDAQ DSGR traded down $0.30 on Thursday, hitting $28.20. 27,972 shares of the company's stock were exchanged, compared to its average volume of 48,653. 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 firm's 50-day moving average price is $30.75 and its two-hundred day moving average price is $35.20. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 705.18 and a beta of 0.92. Distribution Solutions Group, Inc. has a fifty-two week low of $27.58 and a fifty-two week high of $41.47.
About Distribution Solutions Group
(
Free Report)
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.
Further Reading
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