Tower Research Capital LLC TRC Has $55,000 Stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Tower Research Capital LLC TRC lessened its position in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 66.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,730 shares of the company’s stock after selling 3,443 shares during the period. Tower Research Capital LLC TRC’s holdings in Distribution Solutions Group were worth $55,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DSGR. Norwood Investment Partners LP lifted its stake in Distribution Solutions Group by 99.7% in the 3rd quarter. Norwood Investment Partners LP now owns 935,404 shares of the company’s stock valued at $24,321,000 after acquiring an additional 467,079 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Distribution Solutions Group by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 895,287 shares of the company’s stock valued at $28,256,000 after buying an additional 16,094 shares during the last quarter. Punch & Associates Investment Management Inc. raised its stake 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 worth $9,393,000 after purchasing an additional 172,007 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings 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 purchasing an additional 130,425 shares during the period. Finally, Teton Advisors Inc. increased its holdings in shares of Distribution Solutions Group by 89.7% during the third quarter. Teton Advisors Inc. now owns 258,000 shares of the company’s stock worth $6,708,000 after purchasing an additional 122,000 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Distribution Solutions Group Price Performance

NASDAQ:DSGR traded up $0.13 during trading hours on Monday, hitting $33.15. The company’s stock had a trading volume of 30,182 shares, compared to its average volume of 57,274. The company has a market capitalization of $1.58 billion, a P/E ratio of -194.99 and a beta of 0.90. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.72 and a quick ratio of 1.41. The stock has a fifty day simple moving average of $33.09 and a 200-day simple moving average of $30.77. Distribution Solutions Group, Inc. has a twelve month low of $22.13 and a twelve month high of $36.61.

Distribution Solutions Group (NASDAQ:DSGR) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.08. The company had revenue of $405.24 million for the quarter, compared to the consensus estimate of $417.00 million. Distribution Solutions Group had a positive return on equity of 6.31% and a negative net margin of 0.57%. During the same quarter last year, the business posted $0.13 EPS. On average, analysts anticipate that Distribution Solutions Group, Inc. will post 1.49 EPS for the current fiscal year.

Distribution Solutions Group 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.