Teton Advisors Inc. Lowers Holdings in Distribution Solutions Group, Inc. $DSGR

Key Points

• Teton Advisors Inc. reduced its stake in Distribution Solutions Group, Inc. by 15.0%, selling 22,700 shares, and now owns approximately 128,891 shares valued at about $3.6 million.
• Distribution Solutions Group has a current market capitalization of $1.54 billion and recently reported an earnings miss with $0.35 EPS, below the estimated $0.36 EPS, despite exceeding revenue expectations.
• Analysts have a consensus rating of "Buy" for Distribution Solutions Group, with an increased price target of $41.00 from Barrington Research.

Teton Advisors Inc. lowered its position in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR - Free Report) by 15.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,891 shares of the company's stock after selling 22,700 shares during the quarter. Distribution Solutions Group makes up approximately 2.3% of Teton Advisors Inc.'s holdings, making the stock its 6th biggest holding. Teton Advisors Inc. owned approximately 0.28% of Distribution Solutions Group worth $3,609,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of DSGR. Rhumbline Advisers lifted its stake 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 valued at $412,000 after acquiring an additional 532 shares during the period. Barclays PLC increased its holdings in shares of Distribution Solutions Group by 8.9% in the fourth quarter. Barclays PLC now owns 18,513 shares of the company's stock worth $637,000 after acquiring an additional 1,506 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Distribution Solutions Group by 47.8% in the fourth quarter. Wells Fargo & Company MN now owns 5,055 shares of the company's stock worth $174,000 after purchasing an additional 1,634 shares in the last quarter. GAMMA Investing LLC increased its stake in Distribution Solutions Group by 1,888.8% in the 1st quarter. GAMMA Investing LLC now owns 2,128 shares of the company's stock valued at $60,000 after buying an additional 2,021 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in Distribution Solutions Group by 21.1% during the 4th quarter. Bank of America Corp DE now owns 11,946 shares of the company's stock worth $411,000 after buying an additional 2,085 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors.

Distribution Solutions Group Price Performance

Shares of Distribution Solutions Group stock opened at $33.2650 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 2.59 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 369.22 and a beta of 0.63. Distribution Solutions Group, Inc. has a twelve month low of $21.87 and a twelve month high of $41.47. The company has a 50-day simple moving average of $29.50 and a two-hundred day simple moving average of $28.38.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last issued 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). Distribution Solutions Group had a return on equity of 10.51% and a net margin of 0.22%.The company had revenue of $502.44 million during the quarter, compared to the consensus estimate of $484.43 million. Analysts forecast that Distribution Solutions Group, Inc. will post 1.28 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.

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