Distribution Solutions Group (NASDAQ:DSGR) Hits New 12-Month Low Following Weak Earnings

Distribution Solutions Group, Inc. (NASDAQ:DSGR)’s share price reached a new 52-week low during trading on Thursday following a dissappointing earnings announcement. The company traded as low as $22.70 and last traded at $23.86, with a volume of 14170 shares trading hands. The stock had previously closed at $26.04.

The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.05). Distribution Solutions Group had a net margin of 0.13% and a return on equity of 8.89%. The firm had revenue of $478.03 million during the quarter, compared to analyst estimates of $497.17 million.

Wall Street Analyst Weigh In

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $44.00 target price on shares of Distribution Solutions Group in a research note on Tuesday, March 11th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in Distribution Solutions Group by 1,888.8% in the first 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 period. KLP Kapitalforvaltning AS acquired a new stake in shares of Distribution Solutions Group in the 4th quarter valued at approximately $68,000. SG Americas Securities LLC boosted its stake in Distribution Solutions Group by 26.8% during the 4th quarter. SG Americas Securities LLC now owns 4,952 shares of the company’s stock worth $170,000 after acquiring an additional 1,046 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Distribution Solutions Group by 47.8% during the fourth quarter. Wells Fargo & Company MN now owns 5,055 shares of the company’s stock valued at $174,000 after purchasing an additional 1,634 shares during the period. Finally, JT Stratford LLC bought a new stake in Distribution Solutions Group in the fourth quarter valued at approximately $207,000. 91.64% of the stock is currently owned by institutional investors.

Distribution Solutions Group Trading Up 6.9 %

The company’s fifty day simple moving average is $27.69 and its two-hundred day simple moving average is $33.03. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 647.41 and a beta of 0.70. The company has a quick ratio of 1.55, a current ratio of 2.81 and a debt-to-equity ratio of 1.03.

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.