Schwartz Investment Counsel Inc. Boosts Stake in Distribution Solutions Group, Inc. $DSGR

Schwartz Investment Counsel Inc. grew its stake in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 7.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 355,424 shares of the company’s stock after acquiring an additional 25,000 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Distribution Solutions Group were worth $10,691,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in DSGR. Nantahala Capital Management LLC acquired a new stake in shares of Distribution Solutions Group during the second quarter valued at $5,791,000. Catawba River Capital lifted its holdings in Distribution Solutions Group by 16.3% in the 2nd quarter. Catawba River Capital now owns 218,689 shares of the company’s stock valued at $6,007,000 after purchasing an additional 30,685 shares in the last quarter. Jane Street Group LLC lifted its holdings in Distribution Solutions Group by 214.2% in the 1st quarter. Jane Street Group LLC now owns 23,586 shares of the company’s stock valued at $660,000 after purchasing an additional 16,080 shares in the last quarter. Inspire Investing LLC acquired a new stake in shares of Distribution Solutions Group during the 3rd quarter worth about $463,000. Finally, Douglas Lane & Associates LLC purchased a new stake in shares of Distribution Solutions Group during the third quarter worth about $421,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Distribution Solutions Group Trading Up 0.2%

Shares of DSGR opened at $30.06 on Monday. Distribution Solutions Group, Inc. has a twelve month low of $21.87 and a twelve month high of $35.29. The firm has a market capitalization of $1.39 billion, a P/E ratio of -130.69 and a beta of 0.53. The company has a current ratio of 2.50, a quick ratio of 1.38 and a debt-to-equity ratio of 1.02. The stock’s fifty day simple moving average is $28.12 and its 200 day simple moving average is $29.34.

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

Distribution Solutions Group announced that its board has initiated a stock repurchase program on Monday, November 17th that allows the company to repurchase $30.00 million in shares. This repurchase authorization allows the company to reacquire up to 2.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

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

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.