Monimus Capital Management LP Purchases Shares of 89,419 Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Monimus Capital Management LP purchased a new stake in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 89,419 shares of the company’s stock, valued at approximately $3,076,000. Distribution Solutions Group makes up approximately 2.9% of Monimus Capital Management LP’s investment portfolio, making the stock its 15th biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in Distribution Solutions Group by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 81,386 shares of the company’s stock valued at $2,800,000 after purchasing an additional 537 shares in the last quarter. Schwartz Investment Counsel Inc. lifted its position in shares of Distribution Solutions Group by 23.0% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 186,892 shares of the company’s stock valued at $6,429,000 after acquiring an additional 34,892 shares during the last quarter. Catawba River Capital acquired a new stake in shares of Distribution Solutions Group during the 4th quarter valued at $6,249,000. Swedbank AB lifted its position in shares of Distribution Solutions Group by 1.7% during the 4th quarter. Swedbank AB now owns 661,292 shares of the company’s stock valued at $22,748,000 after acquiring an additional 11,292 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Distribution Solutions Group by 26.8% during the 4th quarter. SG Americas Securities LLC now owns 4,952 shares of the company’s stock valued at $170,000 after acquiring an additional 1,046 shares during the last quarter. 91.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Barrington Research reiterated an “outperform” rating and set a $44.00 price objective on shares of Distribution Solutions Group in a research report on Tuesday.

Distribution Solutions Group Price Performance

Shares of NASDAQ:DSGR opened at $29.55 on Friday. The stock has a fifty day moving average of $31.55 and a 200-day moving average of $35.59. The company has a market capitalization of $1.38 billion, a PE ratio of 738.93 and a beta of 0.92. Distribution Solutions Group, Inc. has a one year low of $27.58 and a one year high of $41.47. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.55 and a current ratio of 2.81.

Distribution Solutions Group 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.