Empirical Finance LLC Purchases New Shares 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 purchased a new stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,742 shares of the company's stock, valued at approximately $413,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new stake in Distribution Solutions Group in the 4th quarter valued at $68,000. GAMMA Investing LLC raised its position in Distribution Solutions Group by 1,888.8% in the 1st quarter. GAMMA Investing LLC now owns 2,128 shares of the company's stock valued at $60,000 after buying an additional 2,021 shares during the last quarter. Wells Fargo & Company MN raised its position in Distribution Solutions Group by 47.8% in the 4th quarter. Wells Fargo & Company MN now owns 5,055 shares of the company's stock valued at $174,000 after buying an additional 1,634 shares during the last quarter. JT Stratford LLC purchased a new stake in Distribution Solutions Group in the 4th quarter valued at $207,000. Finally, Millennium Management LLC purchased a new stake in Distribution Solutions Group in the 4th quarter valued at $246,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

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 for the company in a research note on Wednesday, May 7th.

Distribution Solutions Group Stock Down 0.6%

Shares of NASDAQ:DSGR opened at $29.58 on Tuesday. The company has a market capitalization of $1.37 billion, a PE ratio of 1,479.74 and a beta of 0.59. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.74 and a quick ratio of 1.45. The business has a fifty day moving average price of $27.95 and a two-hundred day moving average price of $28.64. Distribution Solutions Group, Inc. has a 1 year low of $21.87 and a 1 year high of $41.47.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last announced its quarterly earnings data 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 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%. Analysts forecast that Distribution Solutions Group, Inc. will post 1.28 earnings per share for the current 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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