Distribution Solutions Group (NASDAQ:DSGR) Director Robert Zamarripa Buys 14,000 Shares

Distribution Solutions Group, Inc. (NASDAQ:DSGR) Director Robert Zamarripa acquired 14,000 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was purchased at an average cost of $21.23 per share, with a total value of $297,220.00. Following the completion of the transaction, the director owned 47,105 shares in the company, valued at $1,000,039.15. The trade was a 42.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Distribution Solutions Group Stock Up 4.3%

Shares of NASDAQ DSGR traded up $0.89 during midday trading on Thursday, reaching $21.50. 40,073 shares of the company’s stock were exchanged, compared to its average volume of 100,899. 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, Inc. has a 52-week low of $20.12 and a 52-week high of $33.80. The business’s fifty day moving average price is $28.86 and its two-hundred day moving average price is $28.98. The stock has a market capitalization of $993.13 million, a PE ratio of 119.47 and a beta of 0.51.

Distribution Solutions Group (NASDAQ:DSGR) last issued its quarterly earnings data on Thursday, March 5th. The company reported $0.18 earnings per share 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 business had revenue of $481.60 million for the quarter, compared to analyst estimates of $496.30 million. Analysts forecast that Distribution Solutions Group, Inc. will post 1.28 EPS for the current year.

Distribution Solutions Group announced that its board has initiated a stock repurchase plan on Monday, November 17th that authorizes the company to repurchase $30.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Distribution Solutions Group

Institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets boosted its holdings 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 purchasing an additional 408 shares during the period. Quarry LP purchased a new stake in Distribution Solutions Group in the 3rd quarter worth approximately $42,000. Covestor Ltd lifted its position in Distribution Solutions Group by 27.3% in the 3rd quarter. Covestor Ltd now owns 2,232 shares of the company’s stock worth $67,000 after buying an additional 478 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Distribution Solutions Group during the 3rd quarter valued at $80,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Distribution Solutions Group during the 3rd quarter valued at $226,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on DSGR shares. Weiss Ratings reissued a “sell (d)” rating on shares of Distribution Solutions Group in a report on Monday, December 29th. Barrington Research lowered their price objective on shares of Distribution Solutions Group from $41.00 to $35.00 and set an “outperform” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $35.00.

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.