Renaissance Technologies LLC Buys 13,400 Shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Renaissance Technologies LLC boosted its position in Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 12.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 120,400 shares of the company's stock after acquiring an additional 13,400 shares during the period. Renaissance Technologies LLC owned 0.26% of Distribution Solutions Group worth $3,612,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its position in Distribution Solutions Group by 4.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,417 shares of the company's stock worth $335,000 after purchasing an additional 406 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Distribution Solutions Group by 8.6% during the first quarter. BNP Paribas Financial Markets now owns 8,500 shares of the company's stock valued at $302,000 after acquiring an additional 676 shares during the last quarter. Rhumbline Advisers lifted its holdings in Distribution Solutions Group by 11.1% during the second quarter. Rhumbline Advisers now owns 13,986 shares of the company's stock worth $420,000 after acquiring an additional 1,398 shares during the period. California State Teachers Retirement System boosted its position in Distribution Solutions Group by 15.7% in the first quarter. California State Teachers Retirement System now owns 11,530 shares of the company's stock worth $409,000 after purchasing an additional 1,563 shares during the last quarter. Finally, Swiss National Bank grew its stake in Distribution Solutions Group by 25.5% in the 1st quarter. Swiss National Bank now owns 23,104 shares of the company's stock valued at $820,000 after purchasing an additional 4,700 shares during the period. Institutional investors and hedge funds own 91.64% of the company's stock.

Distribution Solutions Group Stock Performance

NASDAQ:DSGR traded up $0.11 on Monday, reaching $38.20. 37,929 shares of the company's stock were exchanged, compared to its average volume of 52,742. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of -90.69 and a beta of 0.97. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.50 and a quick ratio of 1.28. The stock has a fifty day simple moving average of $35.14 and a 200-day simple moving average of $33.73. Distribution Solutions Group, Inc. has a 52 week low of $22.91 and a 52 week high of $39.43.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.08. Distribution Solutions Group had a negative net margin of 1.25% and a positive return on equity of 7.42%. The business had revenue of $439.54 million for the quarter, compared to analysts' expectations of $437.40 million. During the same quarter in the previous year, the firm posted $0.26 EPS. As a group, sell-side analysts predict that Distribution Solutions Group, Inc. will post 1.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DSGR. Stephens restated an "overweight" rating and set a $42.00 price target on shares of Distribution Solutions Group in a research note on Monday, August 5th. Barrington Research raised their target price on Distribution Solutions Group from $40.00 to $43.00 and gave the stock an "outperform" rating in a research report on Monday, August 19th.

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.