Distribution Solutions Group, Inc. (NASDAQ:DSGR) Short Interest Update

Distribution Solutions Group, Inc. (NASDAQ:DSGRGet Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 201,500 shares, a decline of 8.1% from the February 29th total of 219,300 shares. Based on an average daily volume of 53,500 shares, the days-to-cover ratio is presently 3.8 days. Currently, 2.2% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Barrington Research boosted their target price on shares of Distribution Solutions Group from $34.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, March 13th.

Get Our Latest Stock Report on DSGR

Distribution Solutions Group Stock Up 0.8 %

Shares of NASDAQ DSGR traded up $0.28 during trading on Tuesday, reaching $34.89. 133,454 shares of the stock were exchanged, compared to its average volume of 55,852. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of -205.22 and a beta of 0.90. The business’s 50-day moving average price is $32.74 and its 200 day moving average price is $29.87. The company has a quick ratio of 1.41, a current ratio of 2.72 and a debt-to-equity ratio of 0.91. Distribution Solutions Group has a twelve month low of $20.17 and a twelve month high of $36.36.

Distribution Solutions Group (NASDAQ:DSGRGet Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.08. The firm had revenue of $405.24 million for the quarter, compared to analysts’ expectations of $417.00 million. Distribution Solutions Group had a negative net margin of 0.57% and a positive return on equity of 6.31%. During the same period in the prior year, the company posted $0.13 earnings per share. As a group, equities analysts forecast that Distribution Solutions Group will post 1.27 EPS for the current fiscal year.

Institutional Trading of Distribution Solutions Group

Several institutional investors have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL grew its position in Distribution Solutions Group by 95.1% in the 3rd quarter. Gamco Investors INC. ET AL now owns 267,598 shares of the company’s stock valued at $6,958,000 after buying an additional 130,425 shares in the last quarter. Swiss National Bank grew its position in Distribution Solutions Group by 100.0% in the 3rd quarter. Swiss National Bank now owns 20,404 shares of the company’s stock valued at $531,000 after buying an additional 10,202 shares in the last quarter. Punch & Associates Investment Management Inc. grew its position in Distribution Solutions Group by 90.9% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 361,278 shares of the company’s stock valued at $9,393,000 after buying an additional 172,007 shares in the last quarter. Ancora Advisors LLC grew its position in Distribution Solutions Group by 100.7% in the 3rd quarter. Ancora Advisors LLC now owns 176,554 shares of the company’s stock valued at $4,590,000 after buying an additional 88,575 shares in the last quarter. Finally, Blair William & Co. IL grew its position in Distribution Solutions Group by 92.8% in the 3rd quarter. Blair William & Co. IL now owns 112,870 shares of the company’s stock valued at $2,935,000 after buying an additional 54,335 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Distribution Solutions Group Company Profile

(Get Free Report)

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.

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