Distribution Solutions Group, Inc. (NASDAQ:DSGR) Sees Significant Growth in Short Interest

Key Points

• Short interest surged 36.6% in March to 646,374 shares, representing 6.9% of shares short and a short-interest ratio of 2.6 days based on average volume.
• Director Robert Zamarripa bought 14,000 shares at $21.23, a 42.3% increase to his stake; the report notes corporate insiders own 78.8% of the company's stock.
• Quarterly results missed expectations—EPS $0.18 vs. $0.32 consensus and revenue $481.6M vs. $496.3M—and analysts are mixed, with a MarketBeat consensus rating of "Reduce" and a $35 target.

Distribution Solutions Group, Inc. (NASDAQ:DSGR - Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 646,374 shares, a growth of 36.6% from the March 15th total of 473,119 shares. Based on an average trading volume of 251,025 shares, the short-interest ratio is presently 2.6 days. Currently, 6.9% of the company's shares are short sold.

Insider Buying and Selling at Distribution Solutions Group

In other news, Director Robert Zamarripa bought 14,000 shares of the stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average price of $21.23 per share, for a total transaction of $297,220.00. Following the acquisition, the director owned 47,105 shares of the company's stock, valued at $1,000,039.15. The trade was a 42.29% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 78.80% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its position in shares of Distribution Solutions Group by 53.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,170 shares of the company's stock worth $32,000 after acquiring an additional 408 shares in the last quarter. Covestor Ltd raised its position in shares of Distribution Solutions Group by 27.3% in the 3rd quarter. Covestor Ltd now owns 2,232 shares of the company's stock worth $67,000 after acquiring an additional 478 shares in the last quarter. Barclays PLC raised its position in shares of Distribution Solutions Group by 8.5% in the 4th quarter. Barclays PLC now owns 15,327 shares of the company's stock worth $420,000 after acquiring an additional 1,201 shares in the last quarter. Quarry LP bought a new position in shares of Distribution Solutions Group in the 3rd quarter worth $42,000. Finally, Inspire Investing LLC raised its position 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 in the last quarter. 91.64% of the stock is owned by institutional investors.

Distribution Solutions Group Stock Down 1.6%

Shares of DSGR stock traded down $0.43 during mid-day trading on Wednesday, hitting $26.75. The stock had a trading volume of 121,120 shares, compared to its average volume of 137,288. Distribution Solutions Group has a 12-month low of $19.02 and a 12-month 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 firm's 50-day moving average is $27.24 and its two-hundred day moving average is $28.02. The firm has a market capitalization of $1.24 billion, a P/E ratio of 148.61 and a beta of 0.57.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last announced its quarterly 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 return on equity of 9.02% and a net margin of 0.42%.The business had revenue of $481.60 million during the quarter, compared to analysts' expectations of $496.30 million. On average, analysts predict that Distribution Solutions Group will post 1.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Zacks Research lowered shares of Distribution Solutions Group from a "hold" rating to a "strong sell" rating in a report on Friday, March 13th. Barrington Research restated an "outperform" rating and set a $35.00 price objective on shares of Distribution Solutions Group in a report on Monday, March 16th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Distribution Solutions Group in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.