Royce & Associates LP Sells 21,046 Shares of Distribution Solutions Group, Inc. $DSGR

Royce & Associates LP lessened its stake in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 550,186 shares of the company’s stock after selling 21,046 shares during the period. Royce & Associates LP’s holdings in Distribution Solutions Group were worth $15,070,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DSGR. Nantahala Capital Management LLC bought a new stake in shares of Distribution Solutions Group during the 2nd quarter worth about $5,791,000. Teton Advisors LLC acquired a new position in shares of Distribution Solutions Group during the 3rd quarter worth about $3,188,000. Highlander Partners L.P. acquired a new position in shares of Distribution Solutions Group during the 4th quarter worth about $2,353,000. First Trust Advisors LP lifted its position in shares of Distribution Solutions Group by 95.1% during the 3rd quarter. First Trust Advisors LP now owns 115,545 shares of the company’s stock worth $3,476,000 after purchasing an additional 56,325 shares during the last quarter. Finally, Ancora Advisors LLC lifted its position in shares of Distribution Solutions Group by 79.0% during the 3rd quarter. Ancora Advisors LLC now owns 64,700 shares of the company’s stock worth $1,946,000 after purchasing an additional 28,550 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

Insider Activity

In related news, Director Robert Zamarripa bought 14,000 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was acquired at an average cost of $21.23 per share, with a total value of $297,220.00. Following the acquisition, the director owned 47,105 shares in the company, valued at approximately $1,000,039.15. This represents a 42.29% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 78.80% of the company’s stock.

Distribution Solutions Group Trading Up 0.2%

Distribution Solutions Group stock opened at $27.06 on Wednesday. The business has a 50 day moving average price of $26.88 and a two-hundred day moving average price of $27.70. The company has a quick ratio of 1.39, a current ratio of 2.63 and a debt-to-equity ratio of 1.07. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 225.50 and a beta of 0.56. Distribution Solutions Group, Inc. has a 12 month low of $19.02 and a 12 month high of $33.80.

Distribution Solutions Group (NASDAQ:DSGR) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.02). The firm had revenue of $496.00 million during the quarter, compared to analyst estimates of $489.30 million. Distribution Solutions Group had a net margin of 0.27% and a return on equity of 8.49%. As a group, equities analysts forecast that Distribution Solutions Group, Inc. will post 1.46 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DSGR shares. Weiss Ratings cut Distribution Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 19th. Zacks Research raised Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Barrington Research cut their price objective on Distribution Solutions Group from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Finally, Stephens reissued an “overweight” rating and set a $36.00 price objective on shares of Distribution Solutions Group in a research report on Tuesday, May 5th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Distribution Solutions Group has a consensus rating of “Hold” and an average price target of $34.50.

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. It operates through three segments: Lawson, Gexpro Services, and TestEquity. The Lawson segment distributes of specialty products and services to the industrial, commercial, institutional, and government MRO market.