Distribution Solutions Group, Inc. (NASDAQ:DSGR) Shares Purchased by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. increased its position in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 33.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of DSGR. Monimus Capital Management LP acquired a new position in shares of Distribution Solutions Group during the 4th quarter valued at about $3,076,000. First Trust Advisors LP raised its holdings in 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 buying an additional 64,129 shares during the period. Mariner LLC purchased a new stake in Distribution Solutions Group in the 4th quarter valued at about $384,000. ExodusPoint Capital Management LP purchased a new stake in Distribution Solutions Group in the 4th quarter valued at about $331,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Distribution Solutions Group by 96.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,080 shares of the company's stock valued at $656,000 after buying an additional 9,387 shares during the period. Institutional investors and hedge funds own 91.64% of the company's stock.

Distribution Solutions Group Stock Down 0.3%

Shares of DSGR opened at $27.66 on Friday. The firm has a market cap of $1.28 billion, a P/E ratio of 1,383.69 and a beta of 0.60. Distribution Solutions Group, Inc. has a 12-month low of $21.87 and a 12-month high of $41.47. The company's 50-day moving average price is $26.86 and its 200 day moving average price is $29.74. 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 issued its quarterly earnings data on Thursday, May 1st. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.05). The company had revenue of $478.03 million during the quarter, compared to analysts' expectations of $497.17 million. Distribution Solutions Group had a net margin of 0.06% and a return on equity of 10.88%. On average, sell-side analysts forecast that Distribution Solutions Group, Inc. will post 1.28 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Barrington Research reduced their price objective on shares of 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 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.

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