Schwartz Investment Counsel Inc. Increases Holdings in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Schwartz Investment Counsel Inc. raised its position in Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 33.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 249,892 shares of the company's stock after acquiring an additional 63,000 shares during the quarter. Schwartz Investment Counsel Inc. owned approximately 0.54% of Distribution Solutions Group worth $6,997,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in Distribution Solutions Group by 1,888.8% during the 1st quarter. GAMMA Investing LLC now owns 2,128 shares of the company's stock valued at $60,000 after purchasing an additional 2,021 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Distribution Solutions Group during the fourth quarter valued at approximately $68,000. Wells Fargo & Company MN raised its holdings in shares of Distribution Solutions Group by 47.8% during the fourth quarter. Wells Fargo & Company MN now owns 5,055 shares of the company's stock valued at $174,000 after acquiring an additional 1,634 shares in the last quarter. JT Stratford LLC purchased a new stake in Distribution Solutions Group in the fourth quarter worth $207,000. Finally, Millennium Management LLC bought a new stake in Distribution Solutions Group in the fourth quarter valued at $246,000. 91.64% of the stock is owned by institutional investors.

Distribution Solutions Group Stock Up 2.9%

Shares of DSGR stock traded up $0.80 during midday trading on Tuesday, reaching $28.27. 71,688 shares of the stock were exchanged, compared to its average volume of 59,353. Distribution Solutions Group, Inc. has a 1 year low of $21.87 and a 1 year high of $41.47. The firm has a market cap of $1.31 billion, a PE ratio of 1,414.21 and a beta of 0.60. The company's 50 day moving average is $26.90 and its two-hundred day moving average is $29.53. The company has a current ratio of 2.74, a quick ratio of 1.45 and a debt-to-equity ratio of 1.12.

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 analysts' consensus estimates of $0.36 by ($0.05). Distribution Solutions Group had a net margin of 0.06% and a return on equity of 10.88%. The business had revenue of $478.03 million for the quarter, compared to the consensus estimate of $497.17 million. On average, equities research analysts predict that Distribution Solutions Group, Inc. will post 1.28 EPS for the current year.

Analysts Set New Price Targets

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

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.