Distribution Solutions Group, Inc. $DSGR Stock Holdings Decreased by Swedbank AB

Swedbank AB reduced its position in Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 625,000 shares of the company’s stock after selling 50,000 shares during the period. Swedbank AB owned about 1.35% of Distribution Solutions Group worth $17,119,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DSGR. BNP Paribas Financial Markets increased its position in shares of Distribution Solutions Group by 53.5% in the second quarter. BNP Paribas Financial Markets now owns 1,170 shares of the company’s stock worth $32,000 after acquiring an additional 408 shares in the last quarter. Quarry LP purchased a new position in Distribution Solutions Group during the third quarter valued at approximately $42,000. Covestor Ltd grew its position in Distribution Solutions Group by 27.3% during the third quarter. Covestor Ltd now owns 2,232 shares of the company’s stock valued at $67,000 after purchasing an additional 478 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in Distribution Solutions Group during the third quarter valued at approximately $226,000. Finally, R Squared Ltd purchased a new position in Distribution Solutions Group during the fourth quarter valued at approximately $238,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Distribution Solutions Group Price Performance

NASDAQ DSGR opened at $27.00 on Tuesday. 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 capitalization of $1.25 billion, a PE ratio of 225.00 and a beta of 0.56. The company has a 50 day moving average price of $26.72 and a two-hundred day moving average price of $27.70. 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 earnings results on Thursday, April 30th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Distribution Solutions Group had a net margin of 0.27% and a return on equity of 8.49%. The business had revenue of $496.00 million during the quarter, compared to analyst estimates of $489.30 million. As a group, equities analysts predict that Distribution Solutions Group, Inc. will post 1.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Distribution Solutions Group

In other news, Director Robert Zamarripa acquired 14,000 shares of Distribution Solutions Group stock in a transaction dated Tuesday, March 10th. The stock was acquired at an average cost of $21.23 per share, for a total transaction of $297,220.00. Following the completion of the purchase, the director owned 47,105 shares of the company’s stock, valued at $1,000,039.15. This represents a 42.29% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 78.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on DSGR. Zacks Research raised shares of Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Weiss Ratings downgraded shares of Distribution Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 19th. Barrington Research lowered their price objective on shares of Distribution Solutions Group from $35.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, May 21st. Finally, Stephens reaffirmed 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 analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Distribution Solutions Group has a consensus rating of “Hold” and an average target price of $34.50.

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. 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.