Dynamic Technology Lab Private Ltd Invests $387,000 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 acquired a new position in Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,830 shares of the company's stock, valued at approximately $387,000.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in Distribution Solutions Group by 1,888.8% in the first quarter. GAMMA Investing LLC now owns 2,128 shares of the company's stock worth $60,000 after acquiring an additional 2,021 shares in the last quarter. JT Stratford LLC purchased a new position in Distribution Solutions Group in the fourth quarter worth $207,000. Millennium Management LLC purchased a new position in Distribution Solutions Group in the fourth quarter worth $246,000. Deutsche Bank AG grew its holdings in Distribution Solutions Group by 53.8% in the fourth quarter. Deutsche Bank AG now owns 10,162 shares of the company's stock valued at $350,000 after purchasing an additional 3,555 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Distribution Solutions Group by 21.1% in the fourth quarter. Bank of America Corp DE now owns 11,946 shares of the company's stock valued at $411,000 after purchasing an additional 2,085 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company's stock.

Analyst Upgrades and Downgrades

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

Distribution Solutions Group Price Performance

Shares of DSGR traded up $0.15 during trading hours on Wednesday, reaching $31.14. 6,717 shares of the company traded hands, compared to its average volume of 57,124. The company has a quick ratio of 1.36, a current ratio of 2.59 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $1.44 billion, a PE ratio of 345.94 and a beta of 0.56. Distribution Solutions Group, Inc. has a fifty-two week low of $21.87 and a fifty-two week high of $41.47. The stock has a fifty day simple moving average of $30.80 and a 200 day simple moving average of $28.60.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last issued its quarterly 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 business had revenue of $502.44 million during the quarter, compared to analyst estimates of $484.43 million. As a group, research analysts predict 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.