Distribution Solutions Group (NASDAQ:DSGR) Sees Unusually-High Trading Volume - Here's What Happened

Distribution Solutions Group, Inc. (NASDAQ:DSGR - Get Free Report) shares saw an uptick in trading volume on Monday . 85,621 shares were traded during trading, an increase of 62% from the previous session's volume of 52,851 shares.The stock last traded at $26.55 and had previously closed at $26.74.

Analyst Upgrades and Downgrades

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

Distribution Solutions Group Price Performance

The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 1,387.69 and a beta of 0.60. The company has a fifty day simple moving average of $26.82 and a 200 day simple moving average of $29.82. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.45 and a current ratio of 2.74.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.05). The company had revenue of $478.03 million for the quarter, compared to analyst estimates of $497.17 million. Distribution Solutions Group had a return on equity of 10.88% and a net margin of 0.06%. Equities research analysts forecast that Distribution Solutions Group, Inc. will post 1.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Swedbank AB lifted its holdings in Distribution Solutions Group by 2.1% during the 1st quarter. Swedbank AB now owns 675,000 shares of the company's stock worth $18,900,000 after buying an additional 13,708 shares during the period. Vanguard Group Inc. lifted its holdings in Distribution Solutions Group by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 569,214 shares of the company's stock worth $19,581,000 after buying an additional 7,996 shares during the period. Schwartz Investment Counsel Inc. lifted its stake in shares of Distribution Solutions Group by 33.7% in the 1st quarter. Schwartz Investment Counsel Inc. now owns 249,892 shares of the company's stock valued at $6,997,000 after purchasing an additional 63,000 shares during the period. Catawba River Capital lifted its stake in shares of Distribution Solutions Group by 3.5% in the 1st quarter. Catawba River Capital now owns 188,004 shares of the company's stock valued at $5,264,000 after purchasing an additional 6,340 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Distribution Solutions Group by 67.6% in the 4th 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 during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

About Distribution Solutions Group

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.