Monimus Capital Management LP Makes New Investment in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Monimus Capital Management LP bought a new position in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 89,419 shares of the company's stock, valued at approximately $3,076,000. Distribution Solutions Group comprises 2.9% of Monimus Capital Management LP's portfolio, making the stock its 15th biggest position. Monimus Capital Management LP owned about 0.19% of Distribution Solutions Group at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Distribution Solutions Group in the third quarter worth approximately $87,000. SG Americas Securities LLC increased its stake in Distribution Solutions Group by 26.8% in the 4th quarter. SG Americas Securities LLC now owns 4,952 shares of the company's stock worth $170,000 after buying an additional 1,046 shares during the period. BNP Paribas Financial Markets lifted its holdings in Distribution Solutions Group by 21.6% during the 3rd 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 in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Distribution Solutions Group in the 3rd quarter valued at about $251,000. Finally, Barclays PLC grew its stake in Distribution Solutions Group by 342.0% in the third 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. 91.64% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

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

Distribution Solutions Group Stock Performance

Shares of NASDAQ DSGR traded up $0.22 during mid-day trading on Wednesday, hitting $29.87. The stock had a trading volume of 35,184 shares, compared to its average volume of 49,007. The firm has a market cap of $1.39 billion, a PE ratio of 746.94 and a beta of 0.92. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.55 and a current ratio of 2.81. The company has a 50 day moving average of $31.36 and a two-hundred day moving average of $35.47. Distribution Solutions Group, Inc. has a twelve month low of $27.58 and a twelve month 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.