Catawba River Capital Takes $6.25 Million Position in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Catawba River Capital purchased a new stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 181,664 shares of the company’s stock, valued at approximately $6,249,000. Distribution Solutions Group makes up 3.7% of Catawba River Capital’s holdings, making the stock its 17th biggest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DSGR. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Distribution Solutions Group during the 3rd quarter worth $87,000. SG Americas Securities LLC acquired a new stake in Distribution Solutions Group during the 3rd quarter valued at $150,000. BNP Paribas Financial Markets increased its position in Distribution Solutions Group by 21.6% during the third quarter. BNP Paribas Financial Markets now owns 5,014 shares of the company’s stock worth $193,000 after buying an additional 891 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Distribution Solutions Group in the third quarter worth $251,000. Finally, Barclays PLC lifted its position in shares of Distribution Solutions Group by 342.0% in the third quarter. Barclays PLC now owns 17,007 shares of the company’s stock valued at $654,000 after acquiring an additional 13,159 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Distribution Solutions Group Stock Up 0.2 %

Shares of DSGR opened at $31.23 on Tuesday. The firm has a market cap of $1.46 billion, a PE ratio of 780.95 and a beta of 0.95. The company’s fifty day moving average is $35.21 and its two-hundred day moving average is $36.38. The company has a quick ratio of 1.55, a current ratio of 2.81 and a debt-to-equity ratio of 1.03. Distribution Solutions Group, Inc. has a fifty-two week low of $28.00 and a fifty-two week high of $41.47.

Analyst Ratings Changes

Separately, Barrington Research lifted their price objective on Distribution Solutions Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th.

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.