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

Distribution Solutions Group, Inc. (NASDAQ:DSGR - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 85,621 shares were traded during mid-day 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 reduced their price target 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.

Distribution Solutions Group Stock Performance

The stock's 50 day moving average price is $26.76 and its 200 day moving average price is $30.02. The company has a current ratio of 2.74, a quick ratio of 1.45 and a debt-to-equity ratio of 1.12. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 1,321.16 and a beta of 0.60.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Monimus Capital Management LP acquired a new stake in shares of Distribution Solutions Group during the fourth quarter worth $3,076,000. First Trust Advisors LP lifted its stake in Distribution Solutions Group by 67.6% in the fourth quarter. First Trust Advisors LP now owns 158,980 shares of the company's stock valued at $5,469,000 after buying an additional 64,129 shares during the last quarter. Schwartz Investment Counsel Inc. lifted its stake in Distribution Solutions Group by 33.7% in the first quarter. Schwartz Investment Counsel Inc. now owns 249,892 shares of the company's stock valued at $6,997,000 after buying an additional 63,000 shares during the last quarter. Nuveen LLC acquired a new position in shares of Distribution Solutions Group during the first quarter valued at $876,000. Finally, Jane Street Group LLC grew its position in shares of 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 acquiring an additional 16,080 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company's stock.

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.

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