Dynamic Technology Lab Private Ltd Buys New Stake in Distribution Solutions Group, Inc. $DSGR

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in Distribution Solutions Group, Inc. during the first quarter, purchasing 13,830 shares worth approximately $387,000.
• Analysts at Barrington Research have raised the price target for Distribution Solutions Group shares from $39.00 to $41.00, maintaining an "outperform" rating.
• Distribution Solutions Group reported $502.44 million in revenue for the last quarter, exceeding analyst estimates yet fell slightly short on EPS at $0.35 compared to a consensus of $0.36.

Dynamic Technology Lab Private Ltd bought a new stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,830 shares of the company's stock, valued at approximately $387,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nuveen LLC bought a new position in Distribution Solutions Group during the 1st quarter valued at about $876,000. Empirical Finance LLC acquired a new position in Distribution Solutions Group in the first quarter valued at about $413,000. Catawba River Capital boosted its position in Distribution Solutions Group by 3.5% in the first quarter. Catawba River Capital now owns 188,004 shares of the company's stock valued at $5,264,000 after buying an additional 6,340 shares in the last quarter. Schwartz Investment Counsel Inc. boosted its position 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 in the last quarter. Finally, Rhumbline Advisers boosted its position in Distribution Solutions Group by 3.8% in the first quarter. Rhumbline Advisers now owns 14,710 shares of the company's stock valued at $412,000 after buying an additional 532 shares in the last quarter. Institutional investors own 91.64% of the company's stock.

Analysts Set New Price Targets

Separately, Barrington Research boosted their price target on shares of Distribution Solutions Group from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, August 25th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $41.00.

Distribution Solutions Group Price Performance

Shares of DSGR stock opened at $31.56 on Friday. Distribution Solutions Group, Inc. has a 1 year low of $21.87 and a 1 year high of $41.47. The firm's 50 day moving average is $30.66 and its 200-day moving average is $28.58. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 350.67 and a beta of 0.56. The company has a current ratio of 2.59, a quick ratio of 1.36 and a debt-to-equity ratio of 1.04.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.01). Distribution Solutions Group had a return on equity of 10.51% and a net margin of 0.22%.The company had revenue of $502.44 million for the quarter, compared to analyst estimates of $484.43 million. Sell-side analysts forecast that Distribution Solutions Group, Inc. will post 1.28 EPS for the current fiscal year.

Distribution Solutions Group 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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