Punch & Associates Investment Management Inc. Lowers Position in Distribution Solutions Group, Inc. $DSGR

Key Points

• Punch & Associates Investment Management Inc. has reduced its stake in Distribution Solutions Group, Inc. by 45.8%, now owning approximately 0.29% of the company worth $3.75 million.
• Despite Punch & Associates' reduction, other institutional investors such as Wells Fargo and Deutsche Bank have increased their stakes, indicating growing institutional interest in DSGR.
• Analysts have raised the price target for Distribution Solutions Group from $39.00 to $41.00, with a consensus average rating of "Buy" for the stock.

Punch & Associates Investment Management Inc. trimmed its holdings in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 45.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 133,976 shares of the company's stock after selling 113,010 shares during the period. Punch & Associates Investment Management Inc. owned approximately 0.29% of Distribution Solutions Group worth $3,751,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Nuveen LLC bought a new position in shares of Distribution Solutions Group during the 1st quarter worth approximately $876,000. Empirical Finance LLC acquired a new position in shares of Distribution Solutions Group during the first quarter worth approximately $413,000. Catawba River Capital raised its position in shares of Distribution Solutions Group by 3.5% during the first quarter. Catawba River Capital now owns 188,004 shares of the company's stock worth $5,264,000 after purchasing an additional 6,340 shares during the period. Schwartz Investment Counsel Inc. raised 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 worth $6,997,000 after purchasing an additional 63,000 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Distribution Solutions Group by 3.8% during the first quarter. Rhumbline Advisers now owns 14,710 shares of the company's stock worth $412,000 after purchasing an additional 532 shares during the period. 91.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barrington Research upped their target price on Distribution Solutions Group from $39.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday, August 25th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Distribution Solutions Group currently has a consensus rating of "Buy" and an average target price of $41.00.

Distribution Solutions Group Stock Down 0.7%

Shares of NASDAQ:DSGR traded down $0.22 during trading on Friday, reaching $31.35. 19,225 shares of the stock were exchanged, compared to its average volume of 57,563. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 348.28 and a beta of 0.56. The stock has a fifty day moving average of $30.66 and a two-hundred day moving average of $28.58. Distribution Solutions Group, Inc. has a 1-year low of $21.87 and a 1-year high of $41.47. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.59 and a quick ratio of 1.36.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.01). The company had revenue of $502.44 million during the quarter, compared to analysts' expectations of $484.43 million. Distribution Solutions Group had a net margin of 0.22% and a return on equity of 10.51%. Research analysts anticipate that Distribution Solutions Group, Inc. will post 1.28 earnings per share for the current fiscal 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.