Distribution Solutions Group (NASDAQ:DSGR) Trading Down 5.6% – Here’s Why

Distribution Solutions Group, Inc. (NASDAQ:DSGR) shares traded down 5.6% during mid-day trading on Friday . The company traded as low as $36.20 and last traded at $36.33. 30,952 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 52,547 shares. The stock had previously closed at $38.50.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DSGR shares. Stephens reiterated an “overweight” rating and issued a $42.00 target price on shares of Distribution Solutions Group in a research report on Monday, August 5th. Barrington Research lifted their price target on shares of Distribution Solutions Group from $40.00 to $43.00 and gave the company an “outperform” rating in a report on Monday, August 19th.

Distribution Solutions Group Price Performance

The firm has a 50 day moving average price of $37.78 and a 200 day moving average price of $34.50. The stock has a market capitalization of $1.71 billion, a PE ratio of -85.56 and a beta of 0.97. The company has a current ratio of 2.50, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88.

Distribution Solutions Group (NASDAQ:DSGR) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.08. The business had revenue of $439.54 million during the quarter, compared to analysts’ expectations of $437.40 million. Distribution Solutions Group had a negative net margin of 1.25% and a positive return on equity of 7.42%. During the same period last year, the company posted $0.26 EPS. Research analysts anticipate that Distribution Solutions Group, Inc. will post 1.39 earnings per share for the current year.

Institutional Investors Weigh In On Distribution Solutions Group

Several large investors have recently modified their holdings of DSGR. Schwartz Investment Counsel Inc. boosted 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 acquiring an additional 26,000 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Distribution Solutions Group during the third quarter worth about $150,000. Renaissance Technologies LLC boosted 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 valued at $3,612,000 after buying an additional 13,400 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Distribution Solutions Group by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 915,208 shares of the company’s stock worth $27,457,000 after buying an additional 14,059 shares during the period. Finally, Rhumbline Advisers raised its position in Distribution Solutions Group by 11.1% during the 2nd quarter. Rhumbline Advisers now owns 13,986 shares of the company’s stock worth $420,000 after buying an additional 1,398 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

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.