Distribution Solutions Group (NASDAQ:DSGR) Reaches New 12-Month Low on Analyst Downgrade

Distribution Solutions Group, Inc. (NASDAQ:DSGR)’s stock price hit a new 52-week low during mid-day trading on Wednesday after Barrington Research lowered their price target on the stock from $41.00 to $35.00. Barrington Research currently has an outperform rating on the stock. Distribution Solutions Group traded as low as $20.17 and last traded at $20.2490, with a volume of 48481 shares traded. The stock had previously closed at $20.91.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Distribution Solutions Group in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $35.00.

Insider Transactions at Distribution Solutions Group

In related news, Director Robert Zamarripa bought 14,000 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was bought at an average cost of $21.23 per share, for a total transaction of $297,220.00. Following the completion of the purchase, the director directly owned 47,105 shares in the company, valued at approximately $1,000,039.15. The trade was a 42.29% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 79.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in Distribution Solutions Group by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 915,030 shares of the company’s stock worth $27,522,000 after buying an additional 6,882 shares during the period. Schwartz Investment Counsel Inc. increased its holdings in shares of Distribution Solutions Group by 7.6% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 355,424 shares of the company’s stock worth $10,691,000 after acquiring an additional 25,000 shares during the period. Nantahala Capital Management LLC increased its holdings in shares of Distribution Solutions Group by 43.3% in the 4th quarter. Nantahala Capital Management LLC now owns 330,000 shares of the company’s stock worth $9,039,000 after acquiring an additional 99,661 shares during the period. Geode Capital Management LLC lifted its position in Distribution Solutions Group by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 261,782 shares of the company’s stock valued at $7,193,000 after purchasing an additional 6,038 shares during the last quarter. Finally, Catawba River Capital lifted its position in Distribution Solutions Group by 1.8% in the 3rd quarter. Catawba River Capital now owns 222,646 shares of the company’s stock valued at $6,697,000 after purchasing an additional 3,957 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Distribution Solutions Group Price Performance

The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.35 and a current ratio of 2.56. The stock has a market capitalization of $951.98 million, a price-to-earnings ratio of 114.50 and a beta of 0.51. The business’s 50 day simple moving average is $28.86 and its 200-day simple moving average is $28.98.

Distribution Solutions Group (NASDAQ:DSGR) last announced its quarterly earnings results on Thursday, March 5th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.14). The firm had revenue of $481.60 million during the quarter, compared to analyst estimates of $496.30 million. Distribution Solutions Group had a net margin of 0.42% and a return on equity of 9.02%. Research analysts anticipate that Distribution Solutions Group, Inc. will post 1.28 earnings per share for the current year.

Distribution Solutions Group declared that its Board of Directors has initiated a share repurchase program on Monday, November 17th that allows the company to repurchase $30.00 million in shares. This repurchase authorization allows the company to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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. 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.