Distribution Solutions Group (NASDAQ:DSGR) Sees Strong Trading Volume – Here’s Why

Distribution Solutions Group, Inc. (NASDAQ:DSGR) saw unusually-strong trading volume on Wednesday . Approximately 362,264 shares were traded during trading, an increase of 151% from the previous session’s volume of 144,414 shares.The stock last traded at $34.7550 and had previously closed at $34.70.

Analyst Ratings Changes

DSGR has been the subject of a number of research analyst reports. Barrington Research set a $35.00 target price on shares of Distribution Solutions Group and gave the stock a “market perform” rating in a research report on Friday, July 17th. Weiss Ratings raised shares of Distribution Solutions Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Stephens set a $35.00 price target on shares of Distribution Solutions Group in a research note on Thursday, July 16th. Finally, Zacks Research upgraded Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $35.00.

Distribution Solutions Group Trading Up 0.2%

The company has a 50 day moving average of $32.62 and a 200 day moving average of $29.01. The firm has a market cap of $1.61 billion, a P/E ratio of 182.79 and a beta of 0.54. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.39 and a current ratio of 2.54.

Distribution Solutions Group (NASDAQ:DSGR) last posted its earnings results on Thursday, August 6th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.25. The firm had revenue of $557.73 million during the quarter, compared to analysts’ expectations of $520.75 million. Distribution Solutions Group had a net margin of 0.44% and a return on equity of 9.33%. Analysts predict that Distribution Solutions Group, Inc. will post 1.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Distribution Solutions Group

A number of large investors have recently bought and sold shares of DSGR. Groupe la Francaise raised its holdings in Distribution Solutions Group by 2.6% during the second quarter. Groupe la Francaise now owns 47,775 shares of the company’s stock valued at $1,307,000 after buying an additional 1,200 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Distribution Solutions Group by 2,740.9% during the 2nd quarter. California State Teachers Retirement System now owns 243,634 shares of the company’s stock worth $6,663,000 after acquiring an additional 235,058 shares in the last quarter. Nantahala Capital Management LLC bought a new stake in shares of Distribution Solutions Group during the 2nd quarter worth about $13,526,790. Pingora Partners LLC acquired a new position in shares of Distribution Solutions Group during the 2nd quarter valued at about $323,000. Finally, Bank of America Corp DE acquired a new position in shares of Distribution Solutions Group during the 2nd quarter valued at about $283,000. 91.64% of the stock is currently owned by institutional investors.

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.