Distribution Solutions Group, Inc. (NASDAQ:DSGR) Shares Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. lessened its stake in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 60.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,040 shares of the company's stock after selling 12,250 shares during the quarter. Pekin Hardy Strauss Inc.'s holdings in Distribution Solutions Group were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Distribution Solutions Group by 1.4% in 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 last quarter. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Distribution Solutions Group by 2.2% in the 4th quarter. Northern Trust Corp now owns 108,792 shares of the company's stock valued at $3,742,000 after purchasing an additional 2,359 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company's stock.

Distribution Solutions Group Trading Down 2.2%

Shares of NASDAQ DSGR traded down $0.63 during midday trading on Friday, hitting $28.58. The stock had a trading volume of 39,294 shares, compared to its average volume of 52,927. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 1,429.71 and a beta of 0.59. Distribution Solutions Group, Inc. has a 1-year low of $21.87 and a 1-year high of $41.47. The company has a quick ratio of 1.45, a current ratio of 2.74 and a debt-to-equity ratio of 1.12. The company has a fifty day moving average price of $27.41 and a 200 day moving average price of $29.11.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last posted 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). Distribution Solutions Group had a return on equity of 10.88% and a net margin of 0.06%. The business had revenue of $478.03 million for the quarter, compared to analysts' expectations of $497.17 million. On average, analysts predict that Distribution Solutions Group, Inc. will post 1.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Barrington Research reduced their price objective 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 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.