Schwartz Investment Counsel Inc. Boosts Stake in Distribution Solutions Group, Inc. $DSGR

Key Points

• Schwartz Investment Counsel Inc. has increased its stake in Distribution Solutions Group, Inc. (DSGR) by 32.2%, acquiring a total of 330,424 shares valued at approximately $9.08 million.
• Major investors like GAMMA Investing LLC and Jane Street Group LLC have significantly increased their positions, indicating strong institutional interest, with 91.64% of the stock held by institutional investors.
• Despite reporting a quarterly EPS of $0.35, which fell short of the expected $0.36, the company exceeded revenue estimates with $502.44 million compared to the anticipated $484.43 million.

Schwartz Investment Counsel Inc. boosted its stake in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 32.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 330,424 shares of the company's stock after buying an additional 80,532 shares during the period. Schwartz Investment Counsel Inc. owned 0.71% of Distribution Solutions Group worth $9,077,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Distribution Solutions Group by 1,888.8% during the first quarter. GAMMA Investing LLC now owns 2,128 shares of the company's stock worth $60,000 after purchasing an additional 2,021 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Distribution Solutions Group during the first quarter worth $387,000. Rhumbline Advisers increased 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 in the last quarter. Empirical Finance LLC acquired a new position in shares of Distribution Solutions Group during the first quarter worth $413,000. Finally, Jane Street Group LLC increased its position in shares of Distribution Solutions Group by 214.2% during the first 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 in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Distribution Solutions Group Price Performance

NASDAQ DSGR opened at $29.58 on Tuesday. 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 fifty day moving average price is $30.80 and its 200 day moving average price is $28.70. Distribution Solutions Group, Inc. has a 1 year low of $21.87 and a 1 year high of $41.36. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 328.67 and a beta of 0.61.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.35 EPS for the quarter, missing the consensus estimate 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 business had revenue of $502.44 million during the quarter, compared to analysts' expectations of $484.43 million. As a group, equities research analysts forecast that Distribution Solutions Group, Inc. will post 1.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DSGR shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Distribution Solutions Group in a research report on Wednesday, October 8th. Barrington Research upped their price target 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 investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $41.00.

About Distribution Solutions Group

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.

Want to see what other hedge funds are holding DSGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.