Gamco Investors INC. ET AL Increases Stock Position in Distribution Solutions Group, Inc. $DSGR

Gamco Investors INC. ET AL raised its holdings in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 9.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 279,945 shares of the company’s stock after purchasing an additional 24,141 shares during the period. Gamco Investors INC. ET AL owned approximately 0.61% of Distribution Solutions Group worth $7,346,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Nantahala Capital Management LLC bought a new position in shares of Distribution Solutions Group during the second quarter valued at $5,791,000. Agman Capital LLC purchased a new position in Distribution Solutions Group in the 4th quarter worth about $4,954,000. Blair William & Co. IL purchased a new position in Distribution Solutions Group in the 4th quarter worth about $3,092,000. Highlander Partners L.P. bought a new position in Distribution Solutions Group during the 4th quarter valued at about $2,353,000. Finally, Goldman Sachs Group Inc. lifted its stake in Distribution Solutions Group by 364.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 78,365 shares of the company’s stock valued at $2,146,000 after acquiring an additional 61,500 shares during the period. Institutional investors own 91.64% of the company’s stock.

Distribution Solutions Group Stock Performance

Shares of NASDAQ:DSGR opened at $34.51 on Monday. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 287.58 and a beta of 0.56. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.39 and a current ratio of 2.63. The stock’s 50-day simple moving average is $28.39 and its two-hundred day simple moving average is $27.97. Distribution Solutions Group, Inc. has a 52-week low of $19.02 and a 52-week high of $34.83.

Distribution Solutions Group (NASDAQ:DSGR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.02). The business had revenue of $496.00 million for the quarter, compared to analysts’ expectations of $489.30 million. Distribution Solutions Group had a net margin of 0.27% and a return on equity of 8.49%. Analysts expect that Distribution Solutions Group, Inc. will post 1.31 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.