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

Distribution Solutions Group, Inc. (NASDAQ:DSGR - Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 396,200 shares, an increase of 31.0% from the April 30th total of 302,500 shares. Based on an average daily volume of 69,500 shares, the days-to-cover ratio is presently 5.7 days. Approximately 4.3% of the company's shares are sold short.

Distribution Solutions Group Trading Up 1.1%

Distribution Solutions Group stock traded up $0.29 during mid-day trading on Thursday, hitting $27.31. 17,120 shares of the stock were exchanged, compared to its average volume of 53,035. The company has a quick ratio of 1.55, a current ratio of 2.81 and a debt-to-equity ratio of 1.03. Distribution Solutions Group has a 12 month low of $21.87 and a 12 month high of $41.47. The firm's fifty day simple moving average is $26.64 and its two-hundred day simple moving average is $31.10. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 686.17 and a beta of 0.56.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last released 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). The company had revenue of $478.03 million during the quarter, compared to the consensus estimate of $497.17 million. Distribution Solutions Group had a net margin of 0.13% and a return on equity of 8.89%. Analysts forecast that Distribution Solutions Group will post 1.28 EPS for the current year.

Institutional Trading of Distribution Solutions Group

Several hedge funds have recently modified their holdings of DSGR. SG Americas Securities LLC increased its stake in shares of Distribution Solutions Group by 26.8% in the 4th quarter. SG Americas Securities LLC now owns 4,952 shares of the company's stock valued at $170,000 after acquiring an additional 1,046 shares in the last quarter. Catawba River Capital purchased a new position in Distribution Solutions Group during the 4th quarter worth $6,249,000. Schwartz Investment Counsel Inc. boosted its holdings 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 worth $6,429,000 after acquiring an additional 34,892 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Distribution Solutions Group by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 81,386 shares of the company's stock worth $2,800,000 after buying an additional 537 shares during the last quarter. Finally, Monimus Capital Management LP purchased a new position in shares of Distribution Solutions Group in the 4th quarter worth about $3,076,000. Institutional investors own 91.64% of the company's stock.

Analysts Set New Price Targets

Separately, Barrington Research lowered their price target on shares of Distribution Solutions Group from $44.00 to $39.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th.

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.