Distribution Solutions Group’s (DSGR) “Outperform” Rating Reiterated at Barrington Research

Distribution Solutions Group (NASDAQ:DSGR)‘s stock had its “outperform” rating reiterated by stock analysts at Barrington Research in a research note issued on Monday,Benzinga reports. They presently have a $41.00 price objective on the stock. Barrington Research’s price objective indicates a potential upside of 37.12% from the stock’s previous close.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Distribution Solutions Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $41.00.

Distribution Solutions Group Price Performance

Distribution Solutions Group stock opened at $29.90 on Monday. The company has a quick ratio of 1.38, a current ratio of 2.50 and a debt-to-equity ratio of 1.02. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -129.99 and a beta of 0.51. The business’s 50-day simple moving average is $29.47 and its 200 day simple moving average is $29.40. Distribution Solutions Group has a 12-month low of $21.87 and a 12-month high of $33.80.

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

Institutional Investors Weigh In On Distribution Solutions Group

A number of hedge funds have recently made changes to their positions in DSGR. Nantahala Capital Management LLC bought a new stake in shares of Distribution Solutions Group in the second quarter worth $5,791,000. Agman Capital LLC bought a new stake in shares of Distribution Solutions Group in the 4th quarter valued at $4,954,000. Blair William & Co. IL acquired a new position in shares of Distribution Solutions Group during the 4th quarter valued at $3,092,000. Teton Advisors LLC bought a new position in shares of Distribution Solutions Group during the 3rd quarter worth about $3,188,000. Finally, Highlander Partners L.P. acquired a new stake in Distribution Solutions Group in the fourth quarter valued at approximately $2,353,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

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.