Distribution Solutions Group, Inc. (NASDAQ:DSGR) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 5.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,140 shares of the company’s stock after selling 372 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Distribution Solutions Group were worth $211,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. First Trust Advisors LP increased its stake in Distribution Solutions Group by 67.6% during the 4th quarter. First Trust Advisors LP now owns 158,980 shares of the company’s stock worth $5,469,000 after buying an additional 64,129 shares during the period. Mariner LLC acquired a new stake in shares of Distribution Solutions Group in the 4th quarter worth $384,000. Barclays PLC increased its holdings in shares of Distribution Solutions Group by 8.9% in the 4th quarter. Barclays PLC now owns 18,513 shares of the company’s stock valued at $637,000 after purchasing an additional 1,506 shares in the last quarter. Wells Fargo & Company MN increased its holdings 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 purchasing an additional 1,634 shares in the last quarter. Finally, ExodusPoint Capital Management LP purchased a new position in shares of Distribution Solutions Group in the 4th quarter valued at about $331,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Distribution Solutions Group Price Performance

Distribution Solutions Group stock opened at $27.77 on Monday. Distribution Solutions Group, Inc. has a 1 year low of $21.87 and a 1 year high of $41.47. The firm has a 50 day moving average price of $27.06 and a 200 day moving average price of $32.00. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 694.42 and a beta of 0.56. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.55 and a current ratio of 2.81.

Distribution Solutions Group (NASDAQ:DSGR) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). The business 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 predict that Distribution Solutions Group, Inc. will post 1.28 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Barrington Research dropped their target price on shares of Distribution Solutions Group from $44.00 to $39.00 and set an “outperform” rating for the company in a report on Wednesday, May 7th.

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.