Distribution Solutions Group (NASDAQ:DSGR) Trading Down 2.5%

Distribution Solutions Group, Inc. (NASDAQ:DSGR - Get Free Report) shares dropped 2.5% during mid-day trading on Thursday . The stock traded as low as $33.46 and last traded at $33.46. Approximately 8,008 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 58,156 shares. The stock had previously closed at $34.33.

Wall Street Analysts Forecast Growth

Separately, Barrington Research lifted their price objective on shares of Distribution Solutions Group from $34.00 to $36.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 13th.

Distribution Solutions Group Stock Performance

The firm's 50-day moving average price is $33.13 and its two-hundred day moving average price is $30.32. The firm has a market capitalization of $1.59 billion, a PE ratio of -199.75 and a beta of 0.90. The company has a quick ratio of 1.41, a current ratio of 2.72 and a debt-to-equity ratio of 0.91.

Distribution Solutions Group (NASDAQ:DSGR - Get Free Report) last released its earnings results on Thursday, March 7th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.08. The business had revenue of $405.24 million for the quarter, compared to the consensus estimate of $417.00 million. Distribution Solutions Group had a negative net margin of 0.57% and a positive return on equity of 6.31%. During the same period last year, the firm posted $0.13 earnings per share. As a group, research analysts predict that Distribution Solutions Group, Inc. will post 1.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DSGR. Gamco Investors INC. ET AL boosted its stake in shares of Distribution Solutions Group by 95.1% during the 3rd quarter. Gamco Investors INC. ET AL now owns 267,598 shares of the company's stock valued at $6,958,000 after buying an additional 130,425 shares during the period. Swiss National Bank boosted its stake in shares of Distribution Solutions Group by 100.0% during the 3rd quarter. Swiss National Bank now owns 20,404 shares of the company's stock valued at $531,000 after buying an additional 10,202 shares during the period. Punch & Associates Investment Management Inc. boosted its stake in shares of Distribution Solutions Group by 90.9% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 361,278 shares of the company's stock valued at $9,393,000 after buying an additional 172,007 shares during the period. Ancora Advisors LLC boosted its stake in shares of Distribution Solutions Group by 100.7% during the 3rd quarter. Ancora Advisors LLC now owns 176,554 shares of the company's stock valued at $4,590,000 after buying an additional 88,575 shares during the period. Finally, Blair William & Co. IL boosted its stake in shares of Distribution Solutions Group by 92.8% during the 3rd quarter. Blair William & Co. IL now owns 112,870 shares of the company's stock valued at $2,935,000 after buying an additional 54,335 shares during the period. 91.64% of the stock is owned by hedge funds and other institutional investors.

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.