Mariner LLC Acquires Shares of 11,167 Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Mariner LLC bought a new position in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,167 shares of the company’s stock, valued at approximately $384,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of DSGR. KLP Kapitalforvaltning AS acquired a new position in Distribution Solutions Group in the fourth quarter valued at about $68,000. SG Americas Securities LLC grew its stake in shares of Distribution Solutions Group by 26.8% in the fourth quarter. SG Americas Securities LLC now owns 4,952 shares of the company’s stock worth $170,000 after purchasing an additional 1,046 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Distribution Solutions Group by 47.8% in the 4th quarter. Wells Fargo & Company MN now owns 5,055 shares of the company’s stock valued at $174,000 after buying an additional 1,634 shares during the last quarter. ExodusPoint Capital Management LP acquired a new stake in Distribution Solutions Group during the 4th quarter valued at approximately $331,000. Finally, Barclays PLC increased its position in shares of Distribution Solutions Group by 8.9% during the fourth quarter. Barclays PLC now owns 18,513 shares of the company’s stock worth $637,000 after buying an additional 1,506 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

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

Distribution Solutions Group Price Performance

Shares of NASDAQ:DSGR opened at $25.89 on Friday. The stock’s 50 day moving average is $27.69 and its 200-day moving average is $32.98. Distribution Solutions Group, Inc. has a twelve month low of $21.87 and a twelve month high of $41.47. The company has a quick ratio of 1.55, a current ratio of 2.81 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 647.41 and a beta of 0.70.

Distribution Solutions Group (NASDAQ:DSGR) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). The company had revenue of $478.03 million for the quarter, compared to analyst estimates of $497.17 million. Distribution Solutions Group had a net margin of 0.13% and a return on equity of 8.89%. Sell-side analysts forecast that Distribution Solutions Group, Inc. will post 1.28 EPS for the current fiscal year.

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.