BNP Paribas Financial Markets Sells 3,532 Shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR)

BNP Paribas Financial Markets cut its stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 70.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,482 shares of the company’s stock after selling 3,532 shares during the quarter. BNP Paribas Financial Markets’ holdings in Distribution Solutions Group were worth $51,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Catawba River Capital bought a new stake in shares of Distribution Solutions Group in the 4th quarter valued at about $6,249,000. Schwartz Investment Counsel Inc. increased its stake in shares of Distribution Solutions Group by 23.0% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 186,892 shares of the company’s stock valued at $6,429,000 after acquiring an additional 34,892 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Distribution Solutions Group by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 81,386 shares of the company’s stock valued at $2,800,000 after acquiring an additional 537 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Distribution Solutions Group by 26.8% in the 4th quarter. SG Americas Securities LLC now owns 4,952 shares of the company’s stock valued at $170,000 after acquiring an additional 1,046 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Distribution Solutions Group by 2.2% in the 4th quarter. Northern Trust Corp now owns 108,792 shares of the company’s stock valued at $3,742,000 after acquiring an additional 2,359 shares during the last quarter. 91.64% of the stock is owned by institutional investors.

Distribution Solutions Group Stock Performance

Shares of DSGR stock opened at $27.55 on Wednesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.81 and a quick ratio of 1.55. The stock has a 50-day moving average of $26.65 and a 200-day moving average of $31.13. Distribution Solutions Group, Inc. has a one year low of $21.87 and a one year high of $41.47. The stock has a market cap of $1.28 billion, a PE ratio of 688.92 and a beta of 0.56.

Distribution Solutions Group (NASDAQ:DSGR) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.31 earnings per share (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 business had revenue of $478.03 million during the quarter, compared to analyst estimates of $497.17 million. As a group, sell-side analysts expect that Distribution Solutions Group, Inc. will post 1.28 earnings per share for the current year.

Analyst Ratings Changes

Separately, Barrington Research lowered their price target on Distribution Solutions Group from $44.00 to $39.00 and set an “outperform” rating for the company in a research note 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.