Distribution Solutions Group (NASDAQ:DSGR) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Distribution Solutions Group saw a notable increase in trading volume, with approximately 53,961 shares traded on Monday, up 4% from the previous session.
• Wall Street analysts have adjusted their outlook, with Barrington Research lowering the price target from $44.00 to $39.00 while maintaining an "outperform" rating.
• Despite missing EPS estimates with $0.35 reported, company revenue of $502.44 million exceeded expectations, indicating potential growth in the upcoming quarters.

Distribution Solutions Group, Inc. (NASDAQ:DSGR - Get Free Report) shares saw strong trading volume on Monday . 53,961 shares were traded during trading, an increase of 4% from the previous session's volume of 52,120 shares.The stock last traded at $30.49 and had previously closed at $30.68.

Analyst Ratings Changes

Separately, Barrington Research cut their price target on Distribution Solutions Group from $44.00 to $39.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th.

Distribution Solutions Group Stock Performance

The company has a market capitalization of $1.50 billion, a PE ratio of 361.00 and a beta of 0.63. The firm has a 50-day moving average of $28.91 and a two-hundred day moving average of $28.41. The company has a quick ratio of 1.36, a current ratio of 2.59 and a debt-to-equity ratio of 1.04.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.01). Distribution Solutions Group had a net margin of 0.22% and a return on equity of 10.51%. The firm had revenue of $502.44 million for the quarter, compared to analysts' expectations of $484.43 million. Research analysts anticipate that Distribution Solutions Group, Inc. will post 1.28 EPS for the current year.

Institutional Investors Weigh In On Distribution Solutions Group

Hedge funds have recently modified their holdings of the company. Nantahala Capital Management LLC acquired a new position in shares of Distribution Solutions Group during the 2nd quarter worth approximately $5,791,000. Schwartz Investment Counsel Inc. raised its position in Distribution Solutions Group by 32.2% during the second quarter. Schwartz Investment Counsel Inc. now owns 330,424 shares of the company's stock worth $9,077,000 after acquiring an additional 80,532 shares during the period. First Trust Advisors LP lifted its holdings in Distribution Solutions Group by 67.6% during the fourth quarter. First Trust Advisors LP now owns 158,980 shares of the company's stock valued at $5,469,000 after purchasing an additional 64,129 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Distribution Solutions Group in the first quarter valued at about $876,000. Finally, Catawba River Capital increased its stake in shares of Distribution Solutions Group by 16.3% during the second quarter. Catawba River Capital now owns 218,689 shares of the company's stock worth $6,007,000 after purchasing an additional 30,685 shares in the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

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.