Distribution Solutions Group, Inc. $DSGR Shares Sold by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. decreased its position in Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 12.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 312,532 shares of the company’s stock after selling 42,892 shares during the quarter. Schwartz Investment Counsel Inc. owned 0.68% of Distribution Solutions Group worth $8,560,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DSGR. Jane Street Group LLC raised its position in shares of Distribution Solutions Group by 214.2% during the 1st quarter. Jane Street Group LLC now owns 23,586 shares of the company’s stock worth $660,000 after purchasing an additional 16,080 shares during the period. Nantahala Capital Management LLC acquired a new position in Distribution Solutions Group during the 2nd quarter worth $5,791,000. BNP Paribas Financial Markets boosted its position in Distribution Solutions Group by 53.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,170 shares of the company’s stock worth $32,000 after acquiring an additional 408 shares during the period. Monimus Capital Management LP boosted its position in Distribution Solutions Group by 13.0% during the 2nd 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 during the period. Finally, State of Alaska Department of Revenue acquired a new position in Distribution Solutions Group during the 3rd quarter valued at about $80,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Distribution Solutions Group Stock Performance

Shares of DSGR stock opened at $26.98 on Wednesday. Distribution Solutions Group, Inc. has a 1-year low of $19.02 and a 1-year high of $33.80. The company has a current ratio of 2.63, a quick ratio of 1.39 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 224.83 and a beta of 0.56. The stock’s fifty day simple moving average is $26.18 and its 200-day simple moving average is $27.81.

Distribution Solutions Group (NASDAQ:DSGR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.24 earnings per share 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 business had revenue of $496.00 million for the quarter, compared to analysts’ expectations of $489.30 million. On average, sell-side analysts predict that Distribution Solutions Group, Inc. will post 1.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Robert Zamarripa bought 14,000 shares of the stock in a transaction on Tuesday, March 10th. The shares were purchased at an average price of $21.23 per share, for a total transaction of $297,220.00. Following the completion of the purchase, the director directly owned 47,105 shares of the company’s stock, valued at $1,000,039.15. This trade represents a 42.29% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 78.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DSGR shares. Weiss Ratings upgraded Distribution Solutions Group from a “sell (d)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Stephens reiterated an “overweight” rating and set a $36.00 price target on shares of Distribution Solutions Group in a research report on Tuesday, May 5th. Barrington Research reiterated an “outperform” rating and set a $35.00 price target on shares of Distribution Solutions Group in a research report on Monday, March 16th. Finally, Zacks Research upgraded Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Monday. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.50.

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. 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.