Distribution Solutions Group, Inc. (NASDAQ:DSGR) Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its holdings in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 7.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 617,954 shares of the company's stock after selling 51,733 shares during the quarter. Royce & Associates LP owned 1.32% of Distribution Solutions Group worth $23,797,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Schwartz Investment Counsel Inc. increased its stake in Distribution Solutions Group by 20.6% in the third quarter. Schwartz Investment Counsel Inc. now owns 152,000 shares of the company's stock valued at $5,854,000 after purchasing an additional 26,000 shares during the last quarter. PAX Financial Group LLC purchased a new stake in shares of Distribution Solutions Group in the first quarter valued at about $701,000. Dimensional Fund Advisors LP increased its position in Distribution Solutions Group by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 915,208 shares of the company's stock worth $27,457,000 after purchasing an additional 14,059 shares during the period. Renaissance Technologies LLC raised its position in Distribution Solutions Group by 12.5% in the second quarter. Renaissance Technologies LLC now owns 120,400 shares of the company's stock worth $3,612,000 after acquiring an additional 13,400 shares in the last quarter. Finally, Inspire Investing LLC purchased a new position in shares of Distribution Solutions Group in the 1st quarter valued at about $352,000. Hedge funds and other institutional investors own 91.64% of the company's stock.

Distribution Solutions Group Trading Down 1.9 %

DSGR stock traded down $0.72 during trading on Friday, reaching $37.61. 23,790 shares of the stock traded hands, compared to its average volume of 52,513. The firm has a market capitalization of $1.76 billion, a PE ratio of 940.25 and a beta of 0.96. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.81 and a quick ratio of 1.55. The business's 50 day moving average price is $38.26 and its 200-day moving average price is $34.93. Distribution Solutions Group, Inc. has a 52-week low of $24.42 and a 52-week high of $41.47.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.40 by ($0.03). Distribution Solutions Group had a net margin of 0.13% and a return on equity of 8.89%. The business had revenue of $468.02 million during the quarter, compared to analysts' expectations of $469.80 million. During the same period in the prior year, the business posted $0.17 EPS. As a group, sell-side analysts forecast that Distribution Solutions Group, Inc. will post 1.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DSGR. Stephens reaffirmed 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 increased their price target on Distribution Solutions Group from $43.00 to $44.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th.

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.