Militia Capital Partners LP cut its holdings in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 23.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,235 shares of the company's stock after selling 7,961 shares during the period. Militia Capital Partners LP owned approximately 0.06% of Distribution Solutions Group worth $735,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of DSGR. Schwartz Investment Counsel Inc. boosted its position in shares of Distribution Solutions Group by 33.7% during 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 during the last quarter. Nuveen LLC purchased a new position in shares of Distribution Solutions Group in the first quarter worth approximately $876,000. Jane Street Group LLC boosted its holdings in shares of Distribution Solutions Group by 214.2% in the first quarter. Jane Street Group LLC now owns 23,586 shares of the company's stock worth $660,000 after buying an additional 16,080 shares during the last quarter. Empirical Finance LLC bought a new stake in Distribution Solutions Group during the first quarter valued at approximately $413,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Distribution Solutions Group during the first quarter valued at approximately $387,000. 91.64% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Barrington Research boosted their price objective 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 investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $41.00.
Check Out Our Latest Stock Analysis on DSGR
Distribution Solutions Group Price Performance
Shares of DSGR stock traded up $0.11 during mid-day trading on Wednesday, hitting $31.10. The company had a trading volume of 10,587 shares, compared to its average volume of 57,146. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.59 and a quick ratio of 1.36. The stock's 50 day moving average price is $30.80 and its 200-day moving average price is $28.60. Distribution Solutions Group, Inc. has a 52-week low of $21.87 and a 52-week high of $41.47. The company has a market capitalization of $1.44 billion, a P/E ratio of 345.56 and a beta of 0.56.
Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last announced 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 net margin of 0.22% and a return on equity of 10.51%. The company had revenue of $502.44 million during the quarter, compared to the consensus estimate of $484.43 million. Equities research analysts forecast that Distribution Solutions Group, Inc. will post 1.28 earnings per share for the current year.
Distribution Solutions Group Company Profile
(
Free Report)
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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