Distribution Solutions Group, Inc. (NASDAQ:DSGR – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $34.87 and last traded at $34.76, with a volume of 307366 shares traded. The stock had previously closed at $34.59.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on DSGR. Stephens set a $35.00 price objective on Distribution Solutions Group in a research report on Thursday, July 16th. Zacks Research raised Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Weiss Ratings upgraded Distribution Solutions Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Finally, Barrington Research set a $35.00 price objective on Distribution Solutions Group and gave the stock a “market perform” rating in a report on Friday, July 17th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $35.00.
Get Our Latest Stock Report on Distribution Solutions Group
Distribution Solutions Group Stock Up 0.5%
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of DSGR. Dimensional Fund Advisors LP lifted its holdings in shares of Distribution Solutions Group by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 937,151 shares of the company’s stock worth $24,590,000 after acquiring an additional 26,595 shares during the period. Nantahala Capital Management LLC increased its stake in Distribution Solutions Group by 43.3% in the fourth quarter. Nantahala Capital Management LLC now owns 330,000 shares of the company’s stock valued at $9,039,000 after acquiring an additional 99,661 shares during the period. Gamco Investors INC. ET AL increased its stake in Distribution Solutions Group by 9.4% in the first quarter. Gamco Investors INC. ET AL now owns 279,945 shares of the company’s stock valued at $7,346,000 after acquiring an additional 24,141 shares during the period. Agman Capital LLC acquired a new position in Distribution Solutions Group in the fourth quarter worth about $4,954,000. Finally, First Trust Advisors LP raised its position in Distribution Solutions Group by 15.8% in the first quarter. First Trust Advisors LP now owns 180,152 shares of the company’s stock worth $4,727,000 after purchasing an additional 24,633 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.
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.
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