Distribution Solutions Group (NASDAQ:DSGR) Stock Price Up 1.1% – Should You Buy?

Shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) rose 1.1% on Tuesday . The stock traded as high as $30.41 and last traded at $30.36. Approximately 69,730 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 57,549 shares. The stock had previously closed at $30.02.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barrington Research reissued an “outperform” rating and issued a $41.00 target price on shares of Distribution Solutions Group in a report on Wednesday, November 5th. Weiss Ratings restated a “sell (d)” rating on shares of Distribution Solutions Group in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $41.00.

Distribution Solutions Group Stock Performance

The firm has a market capitalization of $1.40 billion, a P/E ratio of -131.99 and a beta of 0.53. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.50 and a quick ratio of 1.38. The stock’s 50 day moving average is $27.91 and its two-hundred day moving average is $29.30.

Distribution Solutions Group (NASDAQ:DSGR) last issued its earnings results on Thursday, October 30th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.02). Distribution Solutions Group had a negative net margin of 0.57% and a positive return on equity of 10.79%. As a group, equities analysts anticipate that Distribution Solutions Group, Inc. will post 1.28 earnings per share for the current fiscal year.

Distribution Solutions Group declared that its Board of Directors has initiated a share buyback program on Monday, November 17th that authorizes the company to buyback $30.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 2.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DSGR. Nantahala Capital Management LLC acquired a new stake in Distribution Solutions Group in the second quarter worth $5,791,000. Teton Advisors LLC bought a new stake in shares of Distribution Solutions Group in the 3rd quarter valued at $3,188,000. Schwartz Investment Counsel Inc. raised its stake 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 grew its stake in Distribution Solutions Group by 95.1% in the third quarter. First Trust Advisors LP now owns 115,545 shares of the company’s stock valued at $3,476,000 after acquiring an additional 56,325 shares during the period. Finally, Catawba River Capital grew its stake in Distribution Solutions Group by 16.3% in the second quarter. Catawba River Capital now owns 218,689 shares of the company’s stock valued at $6,007,000 after acquiring an additional 30,685 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

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. It operates through three segments: Lawson, Gexpro Services, and TestEquity. The Lawson segment distributes of specialty products and services to the industrial, commercial, institutional, and government MRO market.