Highlander Partners L.P. Acquires New Position in Distribution Solutions Group, Inc. $DSGR

Key Points

• Highlander Partners L.P. acquired 85,899 shares of Distribution Solutions Group (NASDAQ:DSGR) in Q4, worth about $2.35 million, making it Highlander’s 18th-largest holding and roughly 0.19% of DSGR.
• DSGR reported Q1 EPS of $0.24 (missing consensus $0.26) while revenue of $496.0M beat expectations; the company has a $1.29B market cap, a P/E of 233.4 and a thin net margin of 0.27%.
• Analysts are mixed with a MarketBeat consensus rating of "Hold" and an average price target of $35.50, and insider Director Robert Zamarripa recently bought 14,000 shares, raising his stake to 47,105 shares.

Highlander Partners L.P. acquired a new stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 85,899 shares of the company's stock, valued at approximately $2,353,000. Distribution Solutions Group comprises about 0.8% of Highlander Partners L.P.'s investment portfolio, making the stock its 18th biggest position. Highlander Partners L.P. owned about 0.19% of Distribution Solutions Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DSGR. Dimensional Fund Advisors LP raised its position in Distribution Solutions Group by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 915,030 shares of the company's stock worth $27,522,000 after buying an additional 6,882 shares during the last quarter. Schwartz Investment Counsel Inc. raised its position in Distribution Solutions Group by 7.6% during the 3rd quarter. Schwartz Investment Counsel Inc. now owns 355,424 shares of the company's stock worth $10,691,000 after buying an additional 25,000 shares during the last quarter. Nantahala Capital Management LLC raised its position in Distribution Solutions Group by 9.3% during the 3rd quarter. Nantahala Capital Management LLC now owns 230,339 shares of the company's stock worth $6,929,000 after buying an additional 19,539 shares during the last quarter. Catawba River Capital raised its position in Distribution Solutions Group by 1.8% during the 3rd quarter. Catawba River Capital now owns 222,646 shares of the company's stock worth $6,697,000 after buying an additional 3,957 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Distribution Solutions Group by 95.1% during the 3rd quarter. First Trust Advisors LP now owns 115,545 shares of the company's stock worth $3,476,000 after buying an additional 56,325 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Distribution Solutions Group Price Performance

NASDAQ:DSGR opened at $28.01 on Wednesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.63 and a quick ratio of 1.39. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 233.42 and a beta of 0.56. The company has a 50 day moving average price of $26.42 and a 200-day moving average price of $27.87. Distribution Solutions Group, Inc. has a 1-year low of $19.02 and a 1-year high of $33.80.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). The firm had revenue of $496.00 million for the quarter, compared to analysts' expectations of $489.30 million. Distribution Solutions Group had a net margin of 0.27% and a return on equity of 8.49%. Equities research analysts forecast that Distribution Solutions Group, Inc. will post 1.46 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Stephens reissued an "overweight" rating and set a $36.00 price target on shares of Distribution Solutions Group in a research report on Tuesday. Weiss Ratings raised Distribution Solutions Group from a "sell (d)" rating to a "hold (c-)" rating in a report on Monday. Barrington Research reissued an "outperform" rating and issued a $35.00 price objective on shares of Distribution Solutions Group in a report on Monday, March 16th. Finally, Zacks Research cut Distribution Solutions Group from a "hold" rating to a "strong sell" rating in a report on Friday, March 13th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Distribution Solutions Group currently has a consensus rating of "Hold" and an average price target of $35.50.

Insider Buying and Selling at Distribution Solutions Group

In other news, Director Robert Zamarripa bought 14,000 shares of the business's stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average cost of $21.23 per share, with a total value of $297,220.00. Following the acquisition, the director directly owned 47,105 shares in the company, valued at $1,000,039.15. This trade represents a 42.29% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 78.80% of the stock is currently owned by company insiders.

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. It operates through three segments: Lawson, Gexpro Services, and TestEquity. The Lawson segment distributes of specialty products and services to the industrial, commercial, institutional, and government MRO market.

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