Gamco Investors INC. ET AL Buys 24,141 Shares of Distribution Solutions Group, Inc. $DSGR

Gamco Investors INC. ET AL grew its stake in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 9.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 279,945 shares of the company’s stock after buying an additional 24,141 shares during the period. Gamco Investors INC. ET AL’s holdings in Distribution Solutions Group were worth $7,346,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership purchased a new stake in Distribution Solutions Group in the 1st quarter worth approximately $229,000. First Trust Advisors LP lifted its holdings in Distribution Solutions Group by 15.8% during the first quarter. First Trust Advisors LP now owns 180,152 shares of the company’s stock valued at $4,727,000 after purchasing an additional 24,633 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Distribution Solutions Group by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 937,151 shares of the company’s stock valued at $24,590,000 after purchasing an additional 26,595 shares in the last quarter. Credit Industriel ET Commercial bought a new position in shares of Distribution Solutions Group in the first quarter worth approximately $836,000. Finally, Inspire Investing LLC boosted its position in shares of Distribution Solutions Group by 16.1% in the first quarter. Inspire Investing LLC now owns 19,642 shares of the company’s stock worth $515,000 after purchasing an additional 2,725 shares during the period. 91.64% of the stock is currently owned by institutional investors.

Distribution Solutions Group Stock Performance

DSGR stock opened at $34.51 on Monday. 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, Inc. has a 1-year low of $19.02 and a 1-year high of $34.83. The business has a 50 day simple moving average of $28.39 and a two-hundred day simple moving average of $27.97. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 287.58 and a beta of 0.56.

Distribution Solutions Group (NASDAQ:DSGR) last released its quarterly earnings data 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). Distribution Solutions Group had a net margin of 0.27% and a return on equity of 8.49%. The company had revenue of $496.00 million for the quarter, compared to the consensus estimate of $489.30 million. Research analysts anticipate that Distribution Solutions Group, Inc. will post 1.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Zacks Research raised shares of Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Stephens set a $35.00 target price on shares of Distribution Solutions Group in a research note on Thursday, July 16th. Barrington Research set a $35.00 target price on shares of Distribution Solutions Group and gave the stock a “market perform” rating in a report on Friday, July 17th. Finally, Weiss Ratings lowered Distribution Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, July 10th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $35.00.

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.