Distribution Solutions Group, Inc. (NASDAQ:DSGR) Sees Large Growth in Short Interest

Distribution Solutions Group, Inc. (NASDAQ:DSGR) saw a large growth in short interest in March. As of March 31st, there was short interest totaling 646,374 shares, a growth of 36.6% from the March 15th total of 473,119 shares. Based on an average daily trading volume, of 251,025 shares, the short-interest ratio is presently 2.6 days. Currently, 6.9% of the company’s stock are sold short.

Analysts Set New Price Targets

A number of brokerages have recently commented on DSGR. Barrington Research restated an “outperform” rating and issued a $35.00 target price on shares of Distribution Solutions Group in a research note on Monday, March 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Distribution Solutions Group in a research report on Monday, December 29th. Finally, Zacks Research downgraded Distribution Solutions Group from a “hold” rating to a “strong sell” rating in a research report on Friday, March 13th. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $35.00.

Distribution Solutions Group Price Performance

Shares of Distribution Solutions Group stock traded down $0.43 on Wednesday, hitting $26.75. 121,120 shares of the company were exchanged, compared to its average volume of 137,288. The company has a quick ratio of 1.35, a current ratio of 2.56 and a debt-to-equity ratio of 1.02. The company has a 50-day moving average price of $27.24 and a 200 day moving average price of $28.02. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 148.61 and a beta of 0.57. Distribution Solutions Group has a 1-year low of $19.02 and a 1-year high of $33.80.

Distribution Solutions Group (NASDAQ:DSGR) last posted its quarterly earnings results on Thursday, March 5th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.14). Distribution Solutions Group had a return on equity of 9.02% and a net margin of 0.42%.The company had revenue of $481.60 million for the quarter, compared to analysts’ expectations of $496.30 million. As a group, sell-side analysts predict that Distribution Solutions Group will post 1.28 earnings per share for the current fiscal year.

Insider Transactions at Distribution Solutions Group

In other Distribution Solutions Group news, Director Robert Zamarripa bought 14,000 shares of Distribution Solutions Group stock in a transaction that occurred on Tuesday, March 10th. The shares were bought at an average cost of $21.23 per share, with a total value of $297,220.00. Following the transaction, the director directly owned 47,105 shares of the company’s stock, valued at approximately $1,000,039.15. This represents a 42.29% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 78.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Nantahala Capital Management LLC acquired a new stake in Distribution Solutions Group in the second quarter valued at $5,791,000. Agman Capital LLC acquired a new stake in Distribution Solutions Group in the fourth quarter valued at $4,954,000. Blair William & Co. IL acquired a new stake in Distribution Solutions Group in the fourth quarter valued at $3,092,000. Teton Advisors LLC acquired a new stake in Distribution Solutions Group in the third quarter valued at $3,188,000. Finally, Highlander Partners L.P. acquired a new stake in Distribution Solutions Group in the fourth quarter valued at $2,353,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Distribution Solutions Group Company 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.