Norwood Investment Partners LP Takes $4.25 Million Position in Distribution Solutions Group, Inc. $DSGR

Norwood Investment Partners LP purchased a new stake in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 155,488 shares of the company’s stock, valued at approximately $4,252,597. Distribution Solutions Group comprises about 0.0% of Norwood Investment Partners LP’s investment portfolio, making the stock its 7th biggest position. Norwood Investment Partners LP owned approximately 0.34% of Distribution Solutions Group at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Distribution Solutions Group during the 2nd quarter valued at about $18,750,000. Nantahala Capital Management LLC purchased a new stake in shares of Distribution Solutions Group in the second quarter valued at approximately $5,791,000. Agman Capital LLC acquired a new position in shares of Distribution Solutions Group in the 4th quarter valued at $4,954,000. Blair William & Co. IL acquired a new position in Distribution Solutions Group during the 4th quarter worth approximately $3,092,000. Finally, Highlander Partners L.P. purchased a new position in shares of Distribution Solutions Group during the fourth quarter worth about $2,353,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analyst Ratings Changes

DSGR has been the topic of a number of recent analyst reports. Stephens set a $35.00 target price on shares of Distribution Solutions Group in a research note on Thursday, July 16th. Zacks Research upgraded Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Barrington Research set a $35.00 target price on shares of Distribution Solutions Group and gave the company a “market perform” rating in a research report on Friday, July 17th. Finally, Weiss Ratings raised shares of Distribution Solutions Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $35.00.

Distribution Solutions Group Stock Down 0.1%

DSGR traded down $0.03 during trading hours on Friday, hitting $34.80. 109,993 shares of the company’s stock were exchanged, compared to its average volume of 143,728. The firm has a market cap of $1.61 billion, a P/E ratio of 183.16 and a beta of 0.54. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 1.06. Distribution Solutions Group, Inc. has a 12-month low of $19.02 and a 12-month high of $35.06. The firm has a 50 day moving average of $31.94 and a 200 day moving average of $28.88.

Distribution Solutions Group (NASDAQ:DSGR) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.22 by $0.25. The company had revenue of $557.73 million during the quarter, compared to analysts’ expectations of $520.75 million. Distribution Solutions Group had a return on equity of 9.33% and a net margin of 0.44%. Analysts predict that Distribution Solutions Group, Inc. will post 1.35 EPS 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.