Distribution Solutions Group (NASDAQ:DSGR) Sees Unusually-High Trading Volume Following Analyst Upgrade

Distribution Solutions Group, Inc. (NASDAQ:DSGR) saw an uptick in trading volume on Tuesday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. 266,375 shares traded hands during trading, an increase of 113% from the previous session’s volume of 125,230 shares.The stock last traded at $34.5350 and had previously closed at $34.50.

DSGR has been the topic of a number of other reports. Barrington Research set a $35.00 price objective on shares of Distribution Solutions Group and gave the company a “market perform” rating in a report on Friday, July 17th. Weiss Ratings downgraded Distribution Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, July 10th. Finally, Stephens set a $35.00 price target on Distribution Solutions Group in a research report on Thursday, July 16th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $35.00.

Institutional Trading of Distribution Solutions Group

Several institutional investors and hedge funds have recently bought and sold shares of DSGR. Dimensional Fund Advisors LP increased its stake in shares of Distribution Solutions Group by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 937,151 shares of the company’s stock worth $24,590,000 after acquiring an additional 26,595 shares during the period. Nantahala Capital Management LLC lifted its position in Distribution Solutions Group by 43.3% during the fourth quarter. Nantahala Capital Management LLC now owns 330,000 shares of the company’s stock valued at $9,039,000 after purchasing an additional 99,661 shares during the period. Gamco Investors INC. ET AL boosted its holdings in Distribution Solutions Group by 9.4% in the first quarter. Gamco Investors INC. ET AL now owns 279,945 shares of the company’s stock valued at $7,346,000 after purchasing an additional 24,141 shares during the last quarter. Agman Capital LLC purchased a new stake in Distribution Solutions Group in the fourth quarter valued at $4,954,000. Finally, First Trust Advisors LP grew its position in Distribution Solutions Group by 15.8% during the 1st quarter. First Trust Advisors LP now owns 180,152 shares of the company’s stock worth $4,727,000 after purchasing an additional 24,633 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Distribution Solutions Group Price Performance

The firm has a 50-day simple moving average of $28.09 and a two-hundred day simple moving average of $27.89. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 287.58 and a beta of 0.56. The company has a current ratio of 2.63, a quick ratio of 1.39 and a debt-to-equity ratio of 1.07.

Distribution Solutions Group (NASDAQ:DSGR) last issued its earnings results on Thursday, April 30th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). The company had revenue of $496.00 million during the quarter, compared to analysts’ expectations of $489.30 million. Distribution Solutions Group had a return on equity of 8.49% and a net margin of 0.27%. As a group, analysts predict that Distribution Solutions Group, Inc. will post 1.31 earnings per share for the current fiscal year.

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.