Royce & Associates LP Trims Stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Royce & Associates LP lowered its holdings in Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 7.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Distribution Solutions Group in the 3rd quarter valued at $150,000. BNP Paribas Financial Markets raised its holdings in shares of Distribution Solutions Group by 8.6% in the 1st quarter. BNP Paribas Financial Markets now owns 8,500 shares of the company’s stock valued at $302,000 after buying an additional 676 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 during the period. Inspire Investing LLC purchased a new stake in shares of Distribution Solutions Group in the 1st quarter valued at $352,000. Finally, California State Teachers Retirement System raised its holdings 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 valued at $409,000 after buying an additional 1,563 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DSGR. Barrington Research boosted their price objective on Distribution Solutions Group from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Stephens reissued an “overweight” rating and set a $42.00 target price on shares of Distribution Solutions Group in a research note on Monday, August 5th.

Distribution Solutions Group Trading Down 1.9 %

DSGR opened at $37.61 on Friday. Distribution Solutions Group, Inc. has a 12 month low of $24.42 and a 12 month high of $41.47. The stock has a market capitalization of $1.76 billion, a price-to-earnings 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 has a fifty day moving average price of $38.26 and a 200 day moving average price of $34.92.

Distribution Solutions Group (NASDAQ:DSGR) last released its earnings results on Thursday, October 31st. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.03). The company had revenue of $468.02 million for the quarter, compared to analyst estimates of $469.80 million. Distribution Solutions Group had a return on equity of 8.89% and a net margin of 0.13%. During the same period in the previous year, the firm earned $0.17 earnings per share. Sell-side analysts expect that Distribution Solutions Group, Inc. will post 1.39 earnings per share for the current fiscal year.

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.