Royce & Associates LP Sells 13,479 Shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Royce & Associates LP lessened its holdings in Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 604,475 shares of the company's stock after selling 13,479 shares during the quarter. Royce & Associates LP owned approximately 1.29% of Distribution Solutions Group worth $20,794,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DSGR. Swedbank AB boosted its stake in Distribution Solutions Group by 1.7% in the fourth quarter. Swedbank AB now owns 661,292 shares of the company's stock valued at $22,748,000 after acquiring an additional 11,292 shares during the last quarter. Schwartz Investment Counsel Inc. boosted its position in shares of Distribution Solutions Group by 23.0% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 186,892 shares of the company's stock worth $6,429,000 after purchasing an additional 34,892 shares during the last quarter. Catawba River Capital bought a new position in shares of Distribution Solutions Group in the 4th quarter worth $6,249,000. Monimus Capital Management LP acquired a new stake in shares of Distribution Solutions Group during the fourth quarter worth $3,076,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Distribution Solutions Group by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 81,386 shares of the company's stock valued at $2,800,000 after purchasing an additional 537 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company's stock.

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Distribution Solutions Group Trading Down 2.3 %

DSGR traded down $0.69 during mid-day trading on Thursday, hitting $29.18. The stock had a trading volume of 24,951 shares, compared to its average volume of 48,955. The stock's fifty day simple moving average is $31.26 and its 200-day simple moving average is $35.43. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 729.68 and a beta of 0.92. Distribution Solutions Group, Inc. has a 1-year low of $27.58 and a 1-year high of $41.47. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.81 and a quick ratio of 1.55.

Analysts Set New Price Targets

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

About Distribution Solutions Group

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.