Distribution Solutions Group, Inc. (NASDAQ:DSGR) is Norwood Investment Partners LP's 7th Largest Position

Norwood Investment Partners LP lessened its stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 53.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 311,281 shares of the company's stock after selling 362,928 shares during the period. Distribution Solutions Group comprises about 7.8% of Norwood Investment Partners LP's holdings, making the stock its 7th largest holding. Norwood Investment Partners LP owned approximately 0.67% of Distribution Solutions Group worth $8,716,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings in Distribution Solutions Group by 1,888.8% during the 1st quarter. GAMMA Investing LLC now owns 2,128 shares of the company's stock valued at $60,000 after purchasing an additional 2,021 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Distribution Solutions Group during the 4th quarter valued at about $68,000. Wells Fargo & Company MN increased its holdings in Distribution Solutions Group by 47.8% during the 4th quarter. Wells Fargo & Company MN now owns 5,055 shares of the company's stock valued at $174,000 after purchasing an additional 1,634 shares during the period. JT Stratford LLC purchased a new position in Distribution Solutions Group during the 4th quarter valued at about $207,000. Finally, Millennium Management LLC purchased a new position in Distribution Solutions Group during the 4th quarter valued at about $246,000. Institutional investors own 91.64% of the company's stock.

Distribution Solutions Group Trading Up 0.4%

NASDAQ:DSGR traded up $0.13 during mid-day trading on Friday, reaching $29.76. 27,397 shares of the company's stock traded hands, compared to its average volume of 51,624. Distribution Solutions Group, Inc. has a 12-month low of $21.87 and a 12-month high of $41.47. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 1,488.74 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 company has a 50 day moving average price of $27.91 and a 200-day moving average price of $28.71.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.05). Distribution Solutions Group had a return on equity of 10.88% and a net margin of 0.06%. The firm had revenue of $478.03 million for the quarter, compared to analysts' expectations of $497.17 million. On average, sell-side analysts predict that Distribution Solutions Group, Inc. will post 1.28 earnings per share for the current year.

Analyst Ratings Changes

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

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.