ExodusPoint Capital Management LP acquired a new stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,615 shares of the company's stock, valued at approximately $331,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Barclays PLC increased its stake 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 purchasing an additional 13,159 shares in the last quarter. Swedbank AB grew its holdings in Distribution Solutions Group by 1.7% during 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 during the last quarter. The Manufacturers Life Insurance Company purchased a new position in Distribution Solutions Group during the third quarter worth $251,000. Catawba River Capital acquired a new position in shares of Distribution Solutions Group in the fourth quarter worth $6,249,000. Finally, Schwartz Investment Counsel Inc. boosted its stake in shares of 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. Institutional investors and hedge funds own 91.64% of the company's stock.
Distribution Solutions Group Trading Down 3.7 %
Shares of Distribution Solutions Group stock traded down $1.01 during trading hours on Wednesday, reaching $26.02. 62,684 shares of the company's stock were exchanged, compared to its average volume of 50,532. Distribution Solutions Group, Inc. has a 52-week low of $24.31 and a 52-week high of $41.47. The company has a fifty day moving average of $28.75 and a 200-day moving average of $34.13. The company has a current ratio of 2.81, a quick ratio of 1.55 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 650.66 and a beta of 0.70.
Wall Street Analyst Weigh In
Separately, Barrington Research restated an "outperform" rating and issued a $44.00 target price on shares of Distribution Solutions Group in a report on Tuesday, March 11th.
Get Our Latest Analysis on DSGR
Distribution Solutions Group Company Profile
(
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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