Distribution Solutions Group’s (DSGR) Outperform Rating Reaffirmed at Barrington Research

Barrington Research reissued their outperform rating on shares of Distribution Solutions Group (NASDAQ:DSGR) in a research report released on Monday,Benzinga reports. The brokerage currently has a $35.00 price objective on the stock.

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

Distribution Solutions Group Stock Up 35.0%

DSGR opened at $26.07 on Monday. The business has a 50 day moving average price of $28.47 and a 200 day moving average price of $28.72. Distribution Solutions Group has a twelve month low of $19.02 and a twelve month high of $33.80. 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 firm has a market cap of $1.20 billion, a P/E ratio of 144.83 and a beta of 0.51.

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

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

Insider Buying and Selling at Distribution Solutions Group

In other Distribution Solutions Group news, Director Robert Zamarripa bought 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was purchased at an average price of $21.23 per share, for a total transaction of $297,220.00. Following the purchase, the director directly owned 47,105 shares in the company, valued at $1,000,039.15. This trade represents a 42.29% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 76.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DSGR. Nantahala Capital Management LLC acquired a new position in shares of Distribution Solutions Group during the second quarter worth approximately $5,791,000. Agman Capital LLC bought a new stake in shares of Distribution Solutions Group in the fourth quarter valued at approximately $4,954,000. Blair William & Co. IL acquired a new stake in shares of Distribution Solutions Group in the fourth quarter worth $3,092,000. Teton Advisors LLC acquired a new stake in shares of Distribution Solutions Group in the third quarter worth $3,188,000. Finally, Highlander Partners L.P. bought a new position in Distribution Solutions Group during the fourth quarter worth $2,353,000. 91.64% of the stock is owned by institutional investors.

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.