Nantahala Capital Management LLC Buys New Shares in Distribution Solutions Group, Inc. $DSGR

Nantahala Capital Management LLC bought a new position in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 494,581 shares of the company’s stock, valued at approximately $13,526,790.

Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Distribution Solutions Group in the second quarter valued at $18,750,000. Agman Capital LLC bought a new stake in Distribution Solutions Group in the fourth quarter valued at approximately $4,954,000. Norwood Investment Partners LP acquired a new stake in shares of Distribution Solutions Group in the second quarter valued at approximately $4,252,597. Blair William & Co. IL acquired a new position in shares of Distribution Solutions Group during the 4th quarter worth approximately $3,092,000. Finally, Highlander Partners L.P. acquired a new position in shares of Distribution Solutions Group during the 4th quarter worth approximately $2,353,000. 91.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DSGR has been the subject of several research reports. 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. Weiss Ratings upgraded shares of Distribution Solutions Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Stephens set a $35.00 price objective on shares of Distribution Solutions Group in a research report on Thursday, July 16th. Finally, 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. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $35.00.

Distribution Solutions Group Stock Down 0.1%

Shares of DSGR opened at $34.79 on Friday. The stock has a market capitalization of $1.61 billion, a PE ratio of 183.11 and a beta of 0.54. The company has a current ratio of 2.54, a quick ratio of 1.39 and a debt-to-equity ratio of 1.06. The firm’s 50 day moving average is $32.06 and its 200-day moving average is $28.92. Distribution Solutions Group, Inc. has a 12 month low of $19.02 and a 12 month high of $35.06.

Distribution Solutions Group (NASDAQ:DSGR) last released its earnings results on Thursday, August 6th. The company reported $0.47 earnings per share 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 the consensus estimate of $520.75 million. Distribution Solutions Group had a return on equity of 9.33% and a net margin of 0.44%. Equities research analysts forecast that Distribution Solutions Group, Inc. will post 1.35 EPS for the current year.

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.