Barrington Research Issues Positive Forecast for Distribution Solutions Group (NASDAQ:DSGR) Stock Price

Distribution Solutions Group (NASDAQ:DSGR) had its price target increased by Barrington Research from $39.00 to $41.00 in a research report report published on Monday morning,Benzinga reports. Barrington Research currently has an outperform rating on the stock.

Distribution Solutions Group Stock Down 0.1%

Shares of NASDAQ DSGR opened at $33.24 on Monday. The firm has a market capitalization of $1.54 billion, a PE ratio of 369.33 and a beta of 0.63. The company has a current ratio of 2.59, a quick ratio of 1.36 and a debt-to-equity ratio of 1.04. Distribution Solutions Group has a 1 year low of $21.87 and a 1 year high of $41.47. The firm’s 50-day moving average is $29.50 and its 200-day moving average is $28.38.

Distribution Solutions Group (NASDAQ:DSGR) last issued its earnings results on Thursday, July 31st. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.01). The business had revenue of $502.44 million during the quarter, compared to the consensus estimate of $484.43 million. Distribution Solutions Group had a net margin of 0.22% and a return on equity of 10.51%. Equities analysts expect that Distribution Solutions Group will post 1.28 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Nantahala Capital Management LLC acquired a new stake in shares of Distribution Solutions Group in the 2nd quarter valued at approximately $5,791,000. Schwartz Investment Counsel Inc. raised its holdings in Distribution Solutions Group by 32.2% during the 2nd quarter. Schwartz Investment Counsel Inc. now owns 330,424 shares of the company’s stock worth $9,077,000 after buying an additional 80,532 shares during the period. First Trust Advisors LP raised its holdings 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. Nuveen LLC acquired a new stake in Distribution Solutions Group during the 1st quarter worth approximately $876,000. Finally, Catawba River Capital raised its holdings in Distribution Solutions Group by 16.3% during the 2nd quarter. Catawba River Capital now owns 218,689 shares of the company’s stock worth $6,007,000 after buying an additional 30,685 shares during the period. Institutional investors own 91.64% of the company’s stock.

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.