Distribution Solutions Group, Inc. (NASDAQ:DSGR) Shares Sold by Royce & Associates LP

Key Points

• Royce & Associates LP has reduced its stake in Distribution Solutions Group, Inc. by 5.1%, now holding 573,930 shares valued at approximately $16 million.
• Other institutional investors have also adjusted their positions, with some like Catawba River Capital increasing their stake by 3.5% and Schwartz Investment Counsel Inc. by 33.7%.
• Distribution Solutions Group's stock recently traded at $29.76, reflecting a 0.4% increase, despite the company underperforming in recent earnings, reporting $0.31 EPS versus the expected $0.36 EPS.

Royce & Associates LP trimmed its position in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 5.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 573,930 shares of the company's stock after selling 30,545 shares during the period. Royce & Associates LP owned about 1.23% of Distribution Solutions Group worth $16,070,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Catawba River Capital increased its stake in shares of Distribution Solutions Group by 3.5% during the first quarter. Catawba River Capital now owns 188,004 shares of the company's stock worth $5,264,000 after buying an additional 6,340 shares during the period. Schwartz Investment Counsel Inc. increased its stake in shares of Distribution Solutions Group by 33.7% during the first quarter. Schwartz Investment Counsel Inc. now owns 249,892 shares of the company's stock worth $6,997,000 after buying an additional 63,000 shares during the period. Rhumbline Advisers increased its stake in shares of Distribution Solutions Group by 3.8% during the first quarter. Rhumbline Advisers now owns 14,710 shares of the company's stock worth $412,000 after buying an additional 532 shares during the period. GAMMA Investing LLC increased its stake in shares of Distribution Solutions Group by 1,888.8% during the first quarter. GAMMA Investing LLC now owns 2,128 shares of the company's stock worth $60,000 after buying an additional 2,021 shares during the period. Finally, JT Stratford LLC acquired a new position in Distribution Solutions Group in the fourth quarter valued at approximately $207,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Distribution Solutions Group Stock Up 0.1%

DSGR traded up $0.02 on Monday, reaching $29.78. The company's stock had a trading volume of 13,461 shares, compared to its average volume of 57,822. The stock has a 50 day moving average of $27.91 and a two-hundred day moving average of $28.67. 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 market capitalization of $1.38 billion, a price-to-earnings ratio of 1,489.74 and a beta of 0.59. Distribution Solutions Group, Inc. has a fifty-two week low of $21.87 and a fifty-two week high of $41.47.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.05). The business 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%. As a group, analysts forecast that Distribution Solutions Group, Inc. will post 1.28 EPS for the current fiscal year.

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.