155,488 Shares in Distribution Solutions Group, Inc. $DSGR Purchased by Norwood Investment Partners LP

Norwood Investment Partners LP bought a new position in Distribution Solutions Group, Inc. (NASDAQ:DSGR) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 155,488 shares of the company’s stock, valued at approximately $4,252,597,000. Distribution Solutions Group comprises approximately 5.9% of Norwood Investment Partners LP’s portfolio, making the stock its 7th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets increased its position in shares of Distribution Solutions Group by 53.5% in the second quarter. BNP Paribas Financial Markets now owns 1,170 shares of the company’s stock worth $32,000 after purchasing an additional 408 shares during the last quarter. Quarry LP purchased a new position in Distribution Solutions Group in the 3rd quarter worth approximately $42,000. Arrowstreet Capital Limited Partnership purchased a new position in Distribution Solutions Group in the 1st quarter worth approximately $229,000. R Squared Ltd bought a new position in shares of Distribution Solutions Group in the 4th quarter worth $238,000. Finally, Millennium Management LLC purchased a new stake in shares of Distribution Solutions Group during the 3rd quarter valued at $245,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Distribution Solutions Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Stephens set a $35.00 price objective on Distribution Solutions Group in a report on Thursday, July 16th. Zacks Research raised Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Finally, Barrington Research set a $35.00 target price on Distribution Solutions Group and gave the stock a “market perform” rating in a research report on Friday, July 17th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Distribution Solutions Group presently has an average rating of “Hold” and an average target price of $35.00.

Distribution Solutions Group Price Performance

DSGR opened at $34.80 on Friday. Distribution Solutions Group, Inc. has a 12 month low of $19.02 and a 12 month high of $35.06. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 1.06. The business’s 50-day moving average price is $31.38 and its 200-day moving average price is $28.74. The company has a market cap of $1.61 billion, a P/E ratio of 183.16 and a beta of 0.54.

Distribution Solutions Group (NASDAQ:DSGR) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.25. Distribution Solutions Group had a return on equity of 9.33% and a net margin of 0.44%.The business had revenue of $557.73 million for the quarter, compared to analysts’ expectations of $520.75 million. On average, equities analysts expect that Distribution Solutions Group, Inc. will post 1.35 EPS for the current 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.