Distribution Solutions Group (NASDAQ:DSGR) Shares Gap Up – Time to Buy?

Distribution Solutions Group, Inc. (NASDAQ:DSGR) gapped up prior to trading on Monday . The stock had previously closed at $19.31, but opened at $25.99. Distribution Solutions Group shares last traded at $25.63, with a volume of 270,882 shares changing hands.

Analyst Ratings Changes

DSGR has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Distribution Solutions Group in a research note on Monday, December 29th. Barrington Research reissued an “outperform” rating and issued a $35.00 price objective on shares of Distribution Solutions Group in a research note on Monday. Finally, Zacks Research lowered Distribution Solutions Group from a “hold” rating to a “strong sell” rating in a report on Friday, March 13th. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Distribution Solutions Group has a consensus rating of “Reduce” and an average price target of $35.00.

Distribution Solutions Group Price Performance

The firm has a market capitalization of $1.16 billion, a PE ratio of 139.78 and a beta of 0.51. The stock’s 50 day simple moving average is $28.41 and its two-hundred day simple moving average is $28.67. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.35 and a current ratio of 2.56.

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

Insider Transactions at Distribution Solutions Group

In related news, Director Robert Zamarripa bought 14,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was acquired at an average cost of $21.23 per share, with a total value of $297,220.00. Following the purchase, the director directly owned 47,105 shares of the company’s stock, valued at $1,000,039.15. The trade was a 42.29% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 76.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC increased its position in Distribution Solutions Group by 214.2% during the first quarter. Jane Street Group LLC now owns 23,586 shares of the company’s stock worth $660,000 after purchasing an additional 16,080 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Distribution Solutions Group by 2.4% in the 2nd quarter. Geode Capital Management LLC now owns 261,782 shares of the company’s stock valued at $7,193,000 after purchasing an additional 6,038 shares during the last quarter. Swiss National Bank boosted its holdings in Distribution Solutions Group by 20.6% in the 2nd quarter. Swiss National Bank now owns 22,204 shares of the company’s stock valued at $610,000 after purchasing an additional 3,800 shares during the last quarter. Nantahala Capital Management LLC purchased a new stake in shares of Distribution Solutions Group in the 2nd quarter valued at approximately $5,791,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Distribution Solutions Group by 53.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,170 shares of the company’s stock valued at $32,000 after buying an additional 408 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

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. 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.