Shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR - Get Free Report) saw strong trading volume on Thursday . 94,323 shares changed hands during trading, an increase of 78% from the previous session's volume of 53,083 shares.The stock last traded at $27.92 and had previously closed at $28.29.
Wall Street Analyst Weigh In
Separately, Barrington Research cut their target price on Distribution Solutions Group from $44.00 to $39.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th.
Check Out Our Latest Research Report on DSGR
Distribution Solutions Group Stock Down 0.7%
The company has a market capitalization of $1.26 billion, a PE ratio of 676.67 and a beta of 0.56. The stock's fifty day moving average is $26.69 and its two-hundred day moving average is $31.22. The company has a current ratio of 2.81, a quick ratio of 1.55 and a debt-to-equity ratio of 1.03.
Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.05). Distribution Solutions Group had a return on equity of 8.89% and a net margin of 0.13%. The company had revenue of $478.03 million during the quarter, compared to the consensus estimate of $497.17 million. As a group, analysts predict that Distribution Solutions Group, Inc. will post 1.28 EPS for the current year.
Institutional Trading of Distribution Solutions Group
Several hedge funds have recently made changes to their positions in DSGR. Rhumbline Advisers increased its holdings in Distribution Solutions Group by 3.8% in the 1st quarter. Rhumbline Advisers now owns 14,710 shares of the company's stock worth $412,000 after acquiring an additional 532 shares during the last quarter. Jane Street Group LLC boosted its position in Distribution Solutions Group by 214.2% during the first quarter. Jane Street Group LLC now owns 23,586 shares of the company's stock worth $660,000 after purchasing an additional 16,080 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Distribution Solutions Group in the first quarter worth about $387,000. Nuveen LLC bought a new stake in shares of Distribution Solutions Group in the first quarter valued at approximately $876,000. Finally, Empirical Finance LLC purchased a new stake in shares of Distribution Solutions Group during the 1st quarter valued at approximately $413,000. 91.64% of the stock is currently owned by institutional investors.
Distribution Solutions Group Company Profile
(
Get Free Report)
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.
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