Rangeley Capital LLC Takes $442,000 Position in Distribution Solutions Group, Inc. $DSGR

Rangeley Capital LLC acquired a new stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 16,857 shares of the company’s stock, valued at approximately $442,000.

A number of other large investors have also bought and sold shares of DSGR. Jane Street Group LLC lifted its stake in Distribution Solutions Group by 214.2% in the first quarter. Jane Street Group LLC now owns 23,586 shares of the company’s stock valued at $660,000 after buying an additional 16,080 shares in the last quarter. Nantahala Capital Management LLC bought a new stake in shares of Distribution Solutions Group during the second quarter worth $5,791,000. BNP Paribas Financial Markets increased its position in shares of Distribution Solutions Group by 53.5% during the second quarter. BNP Paribas Financial Markets now owns 1,170 shares of the company’s stock worth $32,000 after acquiring an additional 408 shares in the last quarter. Monimus Capital Management LP increased its position in shares of Distribution Solutions Group by 13.0% during the second quarter. Monimus Capital Management LP now owns 101,009 shares of the company’s stock worth $2,775,000 after acquiring an additional 11,590 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Distribution Solutions Group by 62.1% during the third quarter. JPMorgan Chase & Co. now owns 15,080 shares of the company’s stock worth $454,000 after acquiring an additional 5,779 shares during the period. 91.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on DSGR shares. Stephens set a $35.00 price objective on shares of Distribution Solutions Group in a research report on Thursday, July 16th. Weiss Ratings cut Distribution Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, July 10th. Zacks Research raised Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Barrington Research set a $35.00 price target on Distribution Solutions Group and gave the company a “market perform” rating in a report on Friday, July 17th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $35.00.

Distribution Solutions Group Stock Performance

Distribution Solutions Group stock opened at $34.51 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.39 and a current ratio of 2.63. Distribution Solutions Group, Inc. has a 52 week low of $19.02 and a 52 week high of $34.83. The stock has a 50-day simple moving average of $28.39 and a 200 day simple moving average of $27.97. The stock has a market capitalization of $1.59 billion, a P/E ratio of 287.58 and a beta of 0.56.

Distribution Solutions Group (NASDAQ:DSGR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.02). Distribution Solutions Group had a net margin of 0.27% and a return on equity of 8.49%. The firm had revenue of $496.00 million during the quarter, compared to analyst estimates of $489.30 million. Analysts expect that Distribution Solutions Group, Inc. will post 1.31 earnings per share 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.