Distribution Solutions Group, Inc. (NASDAQ:DSGR - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $23.85 and last traded at $25.21, with a volume of 262 shares traded. The stock had previously closed at $25.68.
Analysts Set New Price Targets
Separately, Barrington Research reiterated an "outperform" rating and set a $44.00 price objective on shares of Distribution Solutions Group in a research report on Tuesday, March 11th.
View Our Latest Stock Analysis on Distribution Solutions Group
Distribution Solutions Group Stock Performance
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 fifty day simple moving average of $28.93 and a two-hundred day simple moving average of $34.28. The firm has a market capitalization of $1.26 billion, a P/E ratio of 676.67 and a beta of 0.70.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of DSGR. Catawba River Capital acquired a new stake in Distribution Solutions Group in the fourth quarter valued at approximately $6,249,000. Monimus Capital Management LP bought a new stake in Distribution Solutions Group during the 4th quarter valued at $3,076,000. First Trust Advisors LP increased its stake in Distribution Solutions Group by 67.6% during the 4th quarter. First Trust Advisors LP now owns 158,980 shares of the company's stock valued at $5,469,000 after purchasing an additional 64,129 shares in the last quarter. Schwartz Investment Counsel Inc. lifted its stake in shares of Distribution Solutions Group by 23.0% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 186,892 shares of the company's stock valued at $6,429,000 after buying an additional 34,892 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of 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 last quarter. Institutional investors and hedge funds own 91.64% of the company's stock.
About Distribution Solutions Group
(
Get 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.
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