Royce & Associates LP Has $15.07 Million Stock Holdings in Distribution Solutions Group, Inc. $DSGR

Royce & Associates LP cut its stake in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 550,186 shares of the company’s stock after selling 21,046 shares during the period. Royce & Associates LP owned approximately 1.19% of Distribution Solutions Group worth $15,070,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DSGR. Nantahala Capital Management LLC acquired a new stake in shares of Distribution Solutions Group during the second quarter worth $5,791,000. Teton Advisors LLC acquired a new stake in shares of Distribution Solutions Group during the third quarter worth $3,188,000. Highlander Partners L.P. acquired a new stake in shares of Distribution Solutions Group during the fourth quarter worth $2,353,000. First Trust Advisors LP raised its position in shares of Distribution Solutions Group by 95.1% during the third quarter. First Trust Advisors LP now owns 115,545 shares of the company’s stock worth $3,476,000 after purchasing an additional 56,325 shares during the period. Finally, Ancora Advisors LLC grew its holdings in shares of Distribution Solutions Group by 79.0% during the third quarter. Ancora Advisors LLC now owns 64,700 shares of the company’s stock valued at $1,946,000 after buying an additional 28,550 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DSGR. Zacks Research upgraded Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Barrington Research lowered their price target on Distribution Solutions Group from $35.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. Stephens reiterated an “overweight” rating and set a $36.00 price target on shares of Distribution Solutions Group in a report on Tuesday, May 5th. Finally, Weiss Ratings downgraded Distribution Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, May 19th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $34.50.

Insider Activity

In related news, Director Robert Zamarripa purchased 14,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was bought at an average price of $21.23 per share, for a total transaction of $297,220.00. Following the purchase, the director owned 47,105 shares in the company, valued at $1,000,039.15. The trade was a 42.29% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 78.80% of the company’s stock.

Distribution Solutions Group Stock Performance

Shares of NASDAQ DSGR opened at $27.06 on Wednesday. The company has a market capitalization of $1.25 billion, a P/E ratio of 225.50 and a beta of 0.56. The business’s 50-day moving average price is $26.88 and its two-hundred day moving average price is $27.70. Distribution Solutions Group, Inc. has a one year low of $19.02 and a one year high of $33.80. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.63 and a quick ratio of 1.39.

Distribution Solutions Group (NASDAQ:DSGR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.02). The company had revenue of $496.00 million for the quarter, compared to the consensus estimate of $489.30 million. Distribution Solutions Group had a return on equity of 8.49% and a net margin of 0.27%. Analysts anticipate that Distribution Solutions Group, Inc. will post 1.46 earnings per share for the current fiscal year.

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.