Distribution Solutions Group, Inc. (NASDAQ:DSGR) Short Interest Up 55.6% in March

Distribution Solutions Group, Inc. (NASDAQ:DSGR) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 473,119 shares, a growth of 55.6% from the February 26th total of 304,057 shares. Based on an average daily volume of 210,891 shares, the days-to-cover ratio is presently 2.2 days. Approximately 4.4% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DSGR shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Distribution Solutions Group in a research note on Monday, December 29th. Zacks Research cut shares of Distribution Solutions Group from a “hold” rating to a “strong sell” rating in a report on Friday, March 13th. Finally, Barrington Research reiterated an “outperform” rating and issued a $35.00 price objective on shares of Distribution Solutions Group in a research report on Monday, March 16th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $35.00.

Distribution Solutions Group Stock Performance

DSGR stock traded down $0.15 on Friday, reaching $25.84. The company’s stock had a trading volume of 47,308 shares, compared to its average volume of 137,179. Distribution Solutions Group has a 52 week low of $19.02 and a 52 week high of $33.80. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.56 and a quick ratio of 1.35. The company has a market capitalization of $1.19 billion, a P/E ratio of 143.58 and a beta of 0.51. The firm has a fifty day moving average of $27.91 and a two-hundred day moving average of $28.43.

Distribution Solutions Group (NASDAQ:DSGR) last announced its earnings results on Thursday, March 5th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.14). Distribution Solutions Group had a net margin of 0.42% and a return on equity of 9.02%. The business had revenue of $481.60 million for the quarter, compared to the consensus estimate of $496.30 million. As a group, analysts predict that Distribution Solutions Group will post 1.28 EPS for the current fiscal year.

Insider Transactions at Distribution Solutions Group

In related news, Director Robert Zamarripa acquired 14,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average cost of $21.23 per share, for a total transaction of $297,220.00. Following the purchase, the director directly owned 47,105 shares in the company, valued at $1,000,039.15. This represents a 42.29% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 79.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Distribution Solutions Group

Several institutional investors have recently bought and sold shares of DSGR. Millennium Management LLC increased its stake in Distribution Solutions Group by 41.4% during the 4th quarter. Millennium Management LLC now owns 11,522 shares of the company’s stock valued at $316,000 after buying an additional 3,373 shares during the period. Inspire Investing LLC lifted its stake in shares of Distribution Solutions Group by 9.9% in the 4th quarter. Inspire Investing LLC now owns 16,917 shares of the company’s stock worth $463,000 after acquiring an additional 1,517 shares during the period. Amundi acquired a new stake in shares of Distribution Solutions Group in the 4th quarter worth approximately $250,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Distribution Solutions Group by 43.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,114 shares of the company’s stock valued at $305,000 after acquiring an additional 3,385 shares in the last quarter. Finally, Blair William & Co. IL acquired a new position in shares of Distribution Solutions Group during the fourth quarter valued at approximately $3,092,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

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.