Distribution Solutions Group (NASDAQ:DSGR) Shares Gap Down - Here's What Happened

Distribution Solutions Group, Inc. (NASDAQ:DSGR - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $27.06, but opened at $26.46. Distribution Solutions Group shares last traded at $26.93, with a volume of 10,484 shares traded.

Wall Street Analysts Forecast Growth

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

Distribution Solutions Group Price Performance

The company has a market capitalization of $1.22 billion, a PE ratio of 653.91 and a beta of 0.70. The stock's 50-day moving average is $28.46 and its two-hundred day moving average is $33.91. The company has a current ratio of 2.81, a quick ratio of 1.55 and a debt-to-equity ratio of 1.03.

Institutional Trading of Distribution Solutions Group

A number of hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its holdings in shares of Distribution Solutions Group by 3.8% in the 1st quarter. Rhumbline Advisers now owns 14,710 shares of the company's stock valued at $412,000 after acquiring an additional 532 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Distribution Solutions Group by 1,888.8% in the 1st quarter. GAMMA Investing LLC now owns 2,128 shares of the company's stock valued at $60,000 after buying an additional 2,021 shares during the period. JT Stratford LLC purchased a new position in shares of Distribution Solutions Group during the 4th quarter valued at approximately $207,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Distribution Solutions Group by 96.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,080 shares of the company's stock valued at $656,000 after purchasing an additional 9,387 shares during the period. Finally, Nuveen Asset Management LLC boosted its holdings in Distribution Solutions Group by 7.5% during the fourth quarter. Nuveen Asset Management LLC now owns 31,286 shares of the company's stock worth $1,076,000 after buying an additional 2,170 shares in the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

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.