Teton Advisors Inc. Sells 18,000 Shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Teton Advisors Inc. trimmed its holdings in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,591 shares of the company's stock after selling 18,000 shares during the period. Distribution Solutions Group comprises about 2.7% of Teton Advisors Inc.'s portfolio, making the stock its 3rd largest position. Teton Advisors Inc. owned approximately 0.32% of Distribution Solutions Group worth $5,215,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Barclays PLC increased its holdings in Distribution Solutions Group by 342.0% during the third quarter. Barclays PLC now owns 17,007 shares of the company's stock valued at $654,000 after buying an additional 13,159 shares during the period. Swedbank AB boosted its holdings in shares of Distribution Solutions Group by 1.7% in the 4th quarter. Swedbank AB now owns 661,292 shares of the company's stock valued at $22,748,000 after buying an additional 11,292 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Distribution Solutions Group in the 3rd quarter worth approximately $251,000. Catawba River Capital bought a new position in shares of Distribution Solutions Group during the 4th quarter worth approximately $6,249,000. Finally, Schwartz Investment Counsel Inc. lifted its position in Distribution Solutions Group by 23.0% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 186,892 shares of the company's stock valued at $6,429,000 after acquiring an additional 34,892 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Barrington Research reaffirmed an "outperform" rating and issued a $44.00 price target on shares of Distribution Solutions Group in a report on Tuesday, March 11th.

Distribution Solutions Group Stock Up 0.5 %

Distribution Solutions Group stock traded up $0.13 during midday trading on Friday, reaching $26.15. The company's stock had a trading volume of 55,817 shares, compared to its average volume of 50,578. 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 stock has a market capitalization of $1.22 billion, a P/E ratio of 653.91 and a beta of 0.70. The stock's 50-day simple moving average is $28.46 and its 200-day simple moving average is $33.88. Distribution Solutions Group, Inc. has a 52-week low of $24.31 and a 52-week high of $41.47.

Distribution Solutions Group 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.