36,206 Shares in Distribution Solutions Group, Inc. (NASDAQ:DSGR) Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. acquired a new position in Distribution Solutions Group, Inc. (NASDAQ:DSGR – Get Rating) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 36,206 shares of the company’s stock, valued at approximately $1,335,000. Russell Investments Group Ltd. owned 0.19% of Distribution Solutions Group as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DSGR. Citadel Advisors LLC acquired a new position in Distribution Solutions Group in the 3rd quarter worth approximately $1,619,000. BlackRock Inc. acquired a new position in Distribution Solutions Group in the 3rd quarter worth approximately $8,877,000. Bank of New York Mellon Corp purchased a new stake in Distribution Solutions Group in the 3rd quarter worth approximately $660,000. Marshall Wace LLP purchased a new stake in Distribution Solutions Group in the 3rd quarter worth approximately $748,000. Finally, Lord Abbett & CO. LLC purchased a new stake in Distribution Solutions Group in the 3rd quarter worth approximately $524,000. Institutional investors and hedge funds own 92.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DSGR shares. TheStreet upgraded shares of Distribution Solutions Group from a “d+” rating to a “c-” rating in a research report on Thursday, April 13th. Barrington Research increased their target price on shares of Distribution Solutions Group from $57.00 to $61.00 and gave the stock an “outperform” rating in a research report on Thursday, March 30th.

Distribution Solutions Group Stock Down 0.4 %

Distribution Solutions Group stock opened at $46.18 on Thursday. The company has a market capitalization of $975.78 million, a P/E ratio of 58.46 and a beta of 0.90. The firm’s fifty day simple moving average is $43.75 and its 200-day simple moving average is $41.23. The company has a current ratio of 2.89, a quick ratio of 1.33 and a debt-to-equity ratio of 0.69. Distribution Solutions Group, Inc. has a 1-year low of $25.66 and a 1-year high of $55.96.

Distribution Solutions Group (NASDAQ:DSGR – Get Rating) last released its quarterly earnings results on Thursday, March 9th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.20). The business had revenue of $328.85 million for the quarter, compared to the consensus estimate of $322.80 million. Distribution Solutions Group had a net margin of 1.18% and a return on equity of 6.46%. Sell-side analysts forecast that Distribution Solutions Group, Inc. will post 1.96 earnings per share for the current fiscal year.

Distribution Solutions Group Company Profile

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Distribution Solutions Group, Inc engages in the distribution of maintenance and repair products to industrial, commercial, institutional and government markets. It operates through the following segments: Lawson and Bolt. The Lawson operating segment delivers quality products to customers and offers them product knowledge, product application expertise and Vendor Managed Inventory (VMI) services.