Distribution Solutions Group (NASDAQ:DSGR) Sees Unusually-High Trading Volume – What’s Next?

Distribution Solutions Group, Inc. (NASDAQ:DSGR) saw strong trading volume on Thursday . 62,924 shares were traded during trading, an increase of 10% from the previous session’s volume of 56,997 shares.The stock last traded at $30.15 and had previously closed at $30.36.

Wall Street Analysts Forecast Growth

DSGR has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Distribution Solutions Group in a research note on Monday, December 29th. Barrington Research reaffirmed an “outperform” rating and issued a $41.00 price objective on shares of Distribution Solutions Group in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Distribution Solutions Group has a consensus rating of “Hold” and an average price target of $41.00.

Distribution Solutions Group Trading Up 0.2%

The company has a market cap of $1.39 billion, a PE ratio of -130.69 and a beta of 0.53. The company has a quick ratio of 1.38, a current ratio of 2.50 and a debt-to-equity ratio of 1.02. The business has a 50-day simple moving average of $28.12 and a 200-day simple moving average of $29.32.

Distribution Solutions Group (NASDAQ:DSGR) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). Distribution Solutions Group had a negative net margin of 0.57% and a positive return on equity of 10.79%. On average, analysts predict that Distribution Solutions Group, Inc. will post 1.28 EPS for the current fiscal year.

Distribution Solutions Group announced that its board has initiated a stock buyback program on Monday, November 17th that permits the company to buyback $30.00 million in outstanding shares. This buyback authorization permits the company to buy up to 2.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DSGR. JPMorgan Chase & Co. increased its position in Distribution Solutions Group by 62.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,080 shares of the company’s stock worth $454,000 after purchasing an additional 5,779 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in Distribution Solutions Group in the 3rd quarter valued at $226,000. CIBC Bancorp USA Inc. acquired a new stake in Distribution Solutions Group during the third quarter valued at approximately $697,000. Eaton Financial Holdings Company LLC acquired a new stake in shares of Distribution Solutions Group in the 3rd quarter valued at $337,000. Finally, PharVision Advisers LLC acquired a new stake in Distribution Solutions Group during the 3rd quarter valued at $250,000. 91.64% of the stock is owned by institutional investors and hedge funds.

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.