Tower Research Capital LLC TRC Reduces Stock Position in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Tower Research Capital LLC TRC cut its stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 66.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,730 shares of the company’s stock after selling 3,443 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Distribution Solutions Group were worth $55,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DSGR. Gamco Investors INC. ET AL grew its holdings in Distribution Solutions Group by 95.1% during the 3rd quarter. Gamco Investors INC. ET AL now owns 267,598 shares of the company’s stock valued at $6,958,000 after buying an additional 130,425 shares in the last quarter. Swiss National Bank increased its holdings in Distribution Solutions Group by 100.0% during the 3rd quarter. Swiss National Bank now owns 20,404 shares of the company’s stock worth $531,000 after acquiring an additional 10,202 shares during the period. Punch & Associates Investment Management Inc. increased its holdings in Distribution Solutions Group by 90.9% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 361,278 shares of the company’s stock worth $9,393,000 after acquiring an additional 172,007 shares during the period. Ancora Advisors LLC boosted its holdings in Distribution Solutions Group by 100.7% in the 3rd quarter. Ancora Advisors LLC now owns 176,554 shares of the company’s stock valued at $4,590,000 after purchasing an additional 88,575 shares during the period. Finally, Blair William & Co. IL boosted its holdings in Distribution Solutions Group by 92.8% in the 3rd quarter. Blair William & Co. IL now owns 112,870 shares of the company’s stock valued at $2,935,000 after purchasing an additional 54,335 shares during the period. 91.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Barrington Research boosted their target price on Distribution Solutions Group from $34.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 13th.

Distribution Solutions Group Price Performance

DSGR stock traded up $0.13 during midday trading on Monday, reaching $33.15. The company had a trading volume of 30,182 shares, compared to its average volume of 57,274. The firm has a 50-day moving average price of $33.09 and a 200-day moving average price of $30.77. The company has a market capitalization of $1.58 billion, a P/E ratio of -194.99 and a beta of 0.90. Distribution Solutions Group, Inc. has a 1 year low of $22.13 and a 1 year high of $36.61. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.72 and a quick ratio of 1.41.

Distribution Solutions Group (NASDAQ:DSGR) last released its earnings results on Thursday, March 7th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.08. Distribution Solutions Group had a positive return on equity of 6.31% and a negative net margin of 0.57%. The business had revenue of $405.24 million for the quarter, compared to analysts’ expectations of $417.00 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. On average, research analysts anticipate that Distribution Solutions Group, Inc. will post 1.49 earnings per share for the current fiscal 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.