Millennium Management LLC Invests $246,000 in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Millennium Management LLC purchased a new position in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,142 shares of the company’s stock, valued at approximately $246,000.

Several other institutional investors and hedge funds have also bought and sold shares of DSGR. Schwartz Investment Counsel Inc. grew its position in Distribution Solutions Group by 23.0% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 186,892 shares of the company’s stock worth $6,429,000 after acquiring an additional 34,892 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Distribution Solutions Group by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 81,386 shares of the company’s stock worth $2,800,000 after acquiring an additional 537 shares during the last quarter. Monimus Capital Management LP bought a new position in Distribution Solutions Group during the 4th quarter worth approximately $3,076,000. KLP Kapitalforvaltning AS bought a new position in Distribution Solutions Group during the 4th quarter worth approximately $68,000. Finally, Vanguard Group Inc. grew its position in Distribution Solutions Group by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 569,214 shares of the company’s stock worth $19,581,000 after acquiring an additional 7,996 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barrington Research cut their price objective on Distribution Solutions Group from $44.00 to $39.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 7th.

Distribution Solutions Group Price Performance

Shares of DSGR stock opened at $28.00 on Thursday. The firm has a market cap of $1.30 billion, a P/E ratio of 700.18 and a beta of 0.60. Distribution Solutions Group, Inc. has a fifty-two week low of $21.87 and a fifty-two week high of $41.47. The business’s 50 day moving average price is $26.65 and its 200-day moving average price is $30.75. 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 issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $497.17 million. Distribution Solutions Group had a return on equity of 8.89% and a net margin of 0.13%. On average, equities research analysts anticipate that Distribution Solutions Group, Inc. will post 1.28 earnings per share for the current year.

About Distribution Solutions Group

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.