Nantahala Capital Management LLC Invests $13.53 Million in Distribution Solutions Group, Inc. $DSGR

Key Points

• Nantahala Capital Management purchased 494,581 shares of Distribution Solutions Group, valued at approximately $13.53 million, giving it a 1.07% stake. Institutional investors collectively own 91.64% of the company.
• Analysts maintain a generally neutral outlook: four analysts rate DSGR “Hold,” with an average price target of $35.00. Weiss Ratings and Zacks Research recently upgraded the stock from sell-oriented ratings to “Hold.”
• Distribution Solutions Group reported quarterly earnings of $0.47 per share, exceeding the $0.22 consensus estimate, while revenue of $557.73 million surpassed expectations of $520.75 million. Shares opened at $34.79, near their 52-week high of $35.06.

Nantahala Capital Management LLC purchased a new stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 494,581 shares of the company's stock, valued at approximately $13,526,790. Nantahala Capital Management LLC owned 1.07% of Distribution Solutions Group as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in Distribution Solutions Group by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 937,151 shares of the company's stock worth $24,590,000 after acquiring an additional 26,595 shares in the last quarter. BlackRock Inc. acquired a new position in Distribution Solutions Group in the second quarter valued at about $18,750,000. Gamco Investors INC. ET AL increased its holdings in shares of Distribution Solutions Group by 9.4% in the first quarter. Gamco Investors INC. ET AL now owns 279,945 shares of the company's stock worth $7,346,000 after acquiring an additional 24,141 shares in the last quarter. Agman Capital LLC bought a new stake in shares of Distribution Solutions Group in the fourth quarter worth about $4,954,000. Finally, First Trust Advisors LP raised its position in shares of Distribution Solutions Group by 15.8% during the first quarter. First Trust Advisors LP now owns 180,152 shares of the company's stock worth $4,727,000 after purchasing an additional 24,633 shares during the period. Institutional investors own 91.64% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on DSGR shares. Weiss Ratings upgraded Distribution Solutions Group from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, July 28th. Barrington Research set a $35.00 target price on shares of Distribution Solutions Group and gave the stock a "market perform" rating in a report on Friday, July 17th. Stephens set a $35.00 price target on shares of Distribution Solutions Group in a research note on Thursday, July 16th. Finally, Zacks Research upgraded shares of Distribution Solutions Group from a "strong sell" rating to a "hold" rating in a report on Monday, July 20th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $35.00.

Distribution Solutions Group Stock Down 0.1%

Shares of Distribution Solutions Group stock opened at $34.79 on Friday. The firm has a market cap of $1.61 billion, a PE ratio of 183.11 and a beta of 0.54. The business's 50 day simple moving average is $32.06 and its 200 day simple moving average is $28.92. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.39 and a current ratio of 2.54. Distribution Solutions Group, Inc. has a 52-week low of $19.02 and a 52-week high of $35.06.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.25. Distribution Solutions Group had a return on equity of 9.33% and a net margin of 0.44%.The firm had revenue of $557.73 million during the quarter, compared to the consensus estimate of $520.75 million. On average, analysts predict that Distribution Solutions Group, Inc. will post 1.35 earnings per share for the current fiscal 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. 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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