Empirical Finance LLC Takes Position in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Key Points

• Empirical Finance LLC has purchased a new stake in Distribution Solutions Group, acquiring 14,742 shares valued at approximately $413,000 in the first quarter of the year.
• Analysts at Barrington Research have downgraded their price target for Distribution Solutions Group from $44.00 to $39.00, while maintaining an "outperform" rating.
• The company reported quarterly earnings with an EPS of $0.31, missing analyst expectations of $0.36, alongside revenues of $478.03 million compared to an estimate of $497.17 million.

Empirical Finance LLC acquired a new position in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,742 shares of the company's stock, valued at approximately $413,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. First Trust Advisors LP increased its holdings in Distribution Solutions Group by 67.6% in the fourth 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 last quarter. Schwartz Investment Counsel Inc. lifted its position in shares of Distribution Solutions Group by 33.7% during the 1st quarter. Schwartz Investment Counsel Inc. now owns 249,892 shares of the company's stock valued at $6,997,000 after acquiring an additional 63,000 shares during the last quarter. Mariner LLC purchased a new stake in shares of Distribution Solutions Group in the fourth quarter valued at $384,000. ExodusPoint Capital Management LP purchased a new stake in shares of Distribution Solutions Group in the fourth quarter valued at $331,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Distribution Solutions Group by 96.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,080 shares of the company's stock worth $656,000 after acquiring an additional 9,387 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company's stock.

Analyst Ratings Changes

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

Distribution Solutions Group Stock Performance

Shares of NASDAQ:DSGR traded down $1.34 on Friday, reaching $28.63. 29,714 shares of the company's stock were exchanged, compared to its average volume of 58,058. The company has a current ratio of 2.74, a quick ratio of 1.45 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 1,432.22 and a beta of 0.59. The company has a fifty day moving average of $28.02 and a 200-day moving average of $28.65. Distribution Solutions Group, Inc. has a twelve month low of $21.87 and a twelve month high of $41.47.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.31 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 the consensus estimate of $497.17 million. Distribution Solutions Group had a net margin of 0.06% and a return on equity of 10.88%. On average, research analysts predict that Distribution Solutions Group, Inc. will post 1.28 EPS for the current fiscal year.

About Distribution Solutions Group

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.