OMERS ADMINISTRATION Corp Takes $1.08 Million Position in Distribution Solutions Group, Inc. $DSGR

OMERS ADMINISTRATION Corp purchased a new stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 39,500 shares of the company's stock, valued at approximately $1,080,000. OMERS ADMINISTRATION Corp owned about 0.09% of Distribution Solutions Group at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Jane Street Group LLC grew its stake in shares of Distribution Solutions Group by 214.2% in the 1st quarter. Jane Street Group LLC now owns 23,586 shares of the company's stock worth $660,000 after purchasing an additional 16,080 shares during the last quarter. Nantahala Capital Management LLC acquired a new stake in Distribution Solutions Group during the second quarter valued at approximately $5,791,000. BNP Paribas Financial Markets grew its stake in shares of Distribution Solutions Group by 53.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,170 shares of the company's stock valued at $32,000 after buying an additional 408 shares in the last quarter. Monimus Capital Management LP increased its holdings in Distribution Solutions Group by 13.0% in the second quarter. Monimus Capital Management LP now owns 101,009 shares of the company's stock worth $2,775,000 after buying an additional 11,590 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Distribution Solutions Group by 62.1% during the third quarter. JPMorgan Chase & Co. now owns 15,080 shares of the company's stock valued at $454,000 after acquiring an additional 5,779 shares in the last quarter. Institutional investors own 91.64% of the company's stock.

Wall Street Analyst Weigh In

DSGR has been the subject of several recent research reports. Stephens set a $35.00 target price on shares of Distribution Solutions Group in a research report on Thursday, July 16th. Weiss Ratings upgraded shares of Distribution Solutions Group from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, July 28th. Barrington Research set a $35.00 price objective on shares of Distribution Solutions Group and gave the company a "market perform" rating in a research note on Friday, July 17th. 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 investment analysts have rated the stock with a Hold rating, According to MarketBeat, Distribution Solutions Group presently has a consensus rating of "Hold" and an average price target of $35.00.

Distribution Solutions Group Stock Up 0.1%

Shares of Distribution Solutions Group stock opened at $34.83 on Friday. The stock has a market capitalization of $1.61 billion, a P/E ratio of 183.32 and a beta of 0.54. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 1.06. The stock has a 50 day moving average price of $31.94 and a two-hundred day moving average price of $28.88. Distribution Solutions Group, Inc. has a 12-month low of $19.02 and a 12-month 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 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.25. Distribution Solutions Group had a net margin of 0.44% and a return on equity of 9.33%. The company had revenue of $557.73 million for the quarter, compared to analyst estimates of $520.75 million. Equities analysts expect that Distribution Solutions Group, Inc. will post 1.35 earnings per share for the current year.

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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