Distribution Solutions Group, Inc. (NASDAQ:DSGR) Short Interest Down 5.6% in October

Distribution Solutions Group, Inc. (NASDAQ:DSGR - Get Free Report) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 280,500 shares, a decrease of 5.6% from the October 15th total of 297,100 shares. Currently, 3.0% of the shares of the company are short sold. Based on an average trading volume of 46,400 shares, the days-to-cover ratio is presently 6.0 days.

Wall Street Analyst Weigh In

DSGR has been the subject of several analyst reports. Stephens reissued an "overweight" rating and issued a $42.00 target price on shares of Distribution Solutions Group in a report on Monday, August 5th. Barrington Research increased their target price on shares of Distribution Solutions Group from $43.00 to $44.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th.

Distribution Solutions Group Trading Up 0.9 %

DSGR stock traded up $0.34 during midday trading on Monday, reaching $37.96. The company's stock had a trading volume of 41,100 shares, compared to its average volume of 52,462. 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 stock has a fifty day simple moving average of $38.26 and a two-hundred day simple moving average of $34.95. Distribution Solutions Group has a 1 year low of $25.03 and a 1 year high of $41.47. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 950.24 and a beta of 0.96.

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

Institutional Trading of Distribution Solutions Group

A number of institutional investors and hedge funds have recently made changes to their positions in DSGR. 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 worth $302,000 after purchasing an additional 676 shares in the last quarter. Swiss National Bank increased its position in shares of Distribution Solutions Group by 25.5% during the first quarter. Swiss National Bank now owns 23,104 shares of the company's stock worth $820,000 after purchasing an additional 4,700 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Distribution Solutions Group by 1.5% during the first quarter. Vanguard Group Inc. now owns 586,652 shares of the company's stock worth $20,814,000 after purchasing an additional 8,745 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings 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 valued at $335,000 after buying an additional 406 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of Distribution Solutions Group by 15.7% in the 1st quarter. California State Teachers Retirement System now owns 11,530 shares of the company's stock worth $409,000 after acquiring an additional 1,563 shares during the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

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.