Pekin Hardy Strauss Inc. Buys Shares of 13,300 Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Pekin Hardy Strauss Inc. purchased a new position in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 13,300 shares of the company’s stock, valued at approximately $420,000.

Several other large investors also recently made changes to their positions in the stock. Norwood Investment Partners LP boosted its stake in Distribution Solutions Group by 99.7% during the 3rd quarter. Norwood Investment Partners LP now owns 935,404 shares of the company’s stock valued at $24,321,000 after purchasing an additional 467,079 shares during the period. Punch & Associates Investment Management Inc. boosted its stake in Distribution Solutions Group by 90.9% during the third quarter. Punch & Associates Investment Management Inc. now owns 361,278 shares of the company’s stock worth $9,393,000 after buying an additional 172,007 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Distribution Solutions Group by 95.1% during the third quarter. Gamco Investors INC. ET AL now owns 267,598 shares of the company’s stock worth $6,958,000 after buying an additional 130,425 shares in the last quarter. Teton Advisors Inc. raised its stake in shares of Distribution Solutions Group by 89.7% in the third quarter. Teton Advisors Inc. now owns 258,000 shares of the company’s stock valued at $6,708,000 after acquiring an additional 122,000 shares during the last quarter. Finally, Ancora Advisors LLC boosted its holdings in shares of Distribution Solutions Group by 100.7% in the 3rd quarter. Ancora Advisors LLC now owns 176,554 shares of the company’s stock worth $4,590,000 after acquiring an additional 88,575 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

Distribution Solutions Group Stock Performance

Shares of NASDAQ:DSGR opened at $32.97 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.72 and a quick ratio of 1.41. Distribution Solutions Group, Inc. has a 12 month low of $22.13 and a 12 month high of $36.61. The company’s 50-day moving average price is $33.09 and its two-hundred day moving average price is $30.78.

Distribution Solutions Group (NASDAQ:DSGR) last announced its earnings results on Thursday, March 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. Distribution Solutions Group had a negative net margin of 0.57% and a positive return on equity of 6.31%. The company had revenue of $405.24 million for the quarter, compared to analyst estimates of $417.00 million. During the same period in the prior year, the business earned $0.13 earnings per share. On average, sell-side analysts predict that Distribution Solutions Group, Inc. will post 1.49 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Barrington Research raised their price target on Distribution Solutions Group from $34.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, March 13th.

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.