Ancora Advisors LLC Sells 25,210 Shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Ancora Advisors LLC lessened its stake in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 41.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,313 shares of the company's stock after selling 25,210 shares during the quarter. Ancora Advisors LLC owned about 0.08% of Distribution Solutions Group worth $1,249,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Barclays PLC boosted its holdings in Distribution Solutions Group by 342.0% in the third quarter. Barclays PLC now owns 17,007 shares of the company's stock worth $654,000 after acquiring an additional 13,159 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Distribution Solutions Group by 26.8% during the fourth quarter. SG Americas Securities LLC now owns 4,952 shares of the company's stock worth $170,000 after purchasing an additional 1,046 shares during the period. Swedbank AB lifted its holdings in shares of Distribution Solutions Group by 1.7% in the 4th quarter. Swedbank AB now owns 661,292 shares of the company's stock worth $22,748,000 after purchasing an additional 11,292 shares in the last quarter. Catawba River Capital acquired a new stake in Distribution Solutions Group in the 4th quarter valued at $6,249,000. Finally, Schwartz Investment Counsel Inc. increased its stake in Distribution Solutions Group by 23.0% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 186,892 shares of the company's stock valued at $6,429,000 after purchasing an additional 34,892 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Distribution Solutions Group Stock Up 3.9 %

DSGR traded up $1.00 during midday trading on Friday, reaching $26.35. 95,328 shares of the company were exchanged, compared to its average volume of 52,243. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 658.91 and a beta of 0.56. Distribution Solutions Group, Inc. has a one year low of $21.87 and a one year high of $41.47. The company's fifty day moving average price is $27.29 and its 200 day moving average price is $32.47. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.55 and a current ratio of 2.81.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.05). Distribution Solutions Group had a net margin of 0.13% and a return on equity of 8.89%. The company had revenue of $478.03 million for the quarter, compared to the consensus estimate of $497.17 million. As a group, analysts expect that Distribution Solutions Group, Inc. will post 1.28 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Barrington Research dropped their price objective on shares of Distribution Solutions Group from $44.00 to $39.00 and set an "outperform" rating on the stock in a research note on Wednesday.

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.