Distribution Solutions Group (NASDAQ:DSGR) Announces Earnings Results

Distribution Solutions Group (NASDAQ:DSGR) announced its quarterly earnings results on Thursday. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02), FiscalAI reports. The business had revenue of $496.00 million for the quarter, compared to analyst estimates of $489.30 million. Distribution Solutions Group had a net margin of 0.42% and a return on equity of 9.02%.

Distribution Solutions Group Stock Up 1.8%

Shares of NASDAQ DSGR traded up $0.48 during trading on Friday, reaching $27.54. 71,163 shares of the stock were exchanged, compared to its average volume of 131,207. The business’s 50-day moving average price is $26.48 and its 200 day moving average price is $27.89. Distribution Solutions Group has a twelve month low of $19.02 and a twelve month high of $33.80. The company has a quick ratio of 1.35, a current ratio of 2.56 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 153.00 and a beta of 0.57.

Insider Activity at Distribution Solutions Group

In other news, Director Robert Zamarripa bought 14,000 shares of Distribution Solutions Group stock in a transaction dated Tuesday, March 10th. The shares were acquired at an average cost of $21.23 per share, with a total value of $297,220.00. Following the completion of the transaction, the director owned 47,105 shares in the company, valued at approximately $1,000,039.15. This trade represents a 42.29% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 78.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Inspire Investing LLC increased its stake in shares of Distribution Solutions Group by 9.9% in the fourth quarter. Inspire Investing LLC now owns 16,917 shares of the company’s stock worth $463,000 after buying an additional 1,517 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake 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 worth $305,000 after buying an additional 3,385 shares during the last quarter. Barclays PLC increased its stake in shares of Distribution Solutions Group by 8.5% in the fourth quarter. Barclays PLC now owns 15,327 shares of the company’s stock worth $420,000 after buying an additional 1,201 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Distribution Solutions Group by 74.4% in the fourth quarter. Wells Fargo & Company MN now owns 10,746 shares of the company’s stock worth $294,000 after buying an additional 4,583 shares during the last quarter. Finally, Eaton Financial Holdings Company LLC bought a new stake in shares of Distribution Solutions Group in the third quarter worth $337,000. 91.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and set a $35.00 price target on shares of Distribution Solutions Group in a research report on Monday, March 16th. Zacks Research cut shares of Distribution Solutions Group from a “hold” rating to a “strong sell” rating in a research report on Friday, March 13th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $35.00.

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.