Covey Capital Advisors LLC Has $701,000 Holdings in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Covey Capital Advisors LLC trimmed its stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 14.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,206 shares of the company’s stock after selling 3,021 shares during the period. Distribution Solutions Group comprises about 0.8% of Covey Capital Advisors LLC’s investment portfolio, making the stock its 27th biggest position. Covey Capital Advisors LLC’s holdings in Distribution Solutions Group were worth $701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Distribution Solutions Group during the third quarter worth about $87,000. SG Americas Securities LLC acquired a new stake in shares of Distribution Solutions Group during the 3rd quarter worth approximately $150,000. BNP Paribas Financial Markets increased its position in shares of Distribution Solutions Group by 21.6% during the third quarter. BNP Paribas Financial Markets now owns 5,014 shares of the company’s stock valued at $193,000 after purchasing an additional 891 shares during the period. The Manufacturers Life Insurance Company acquired a new position in shares of Distribution Solutions Group in the third quarter valued at $251,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Distribution Solutions Group by 4.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,417 shares of the company’s stock worth $335,000 after purchasing an additional 406 shares during the period. Institutional investors own 91.64% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barrington Research boosted their price target on shares of Distribution Solutions Group from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Stephens reissued an “overweight” rating and issued a $42.00 target price on shares of Distribution Solutions Group in a research note on Monday, August 5th.

Distribution Solutions Group Stock Performance

Shares of NASDAQ:DSGR opened at $39.20 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.81 and a quick ratio of 1.55. The business’s fifty day moving average price is $38.72 and its two-hundred day moving average price is $35.16. Distribution Solutions Group, Inc. has a fifty-two week low of $25.03 and a fifty-two week high of $41.47. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 980.00 and a beta of 0.96.

Distribution Solutions Group (NASDAQ:DSGR) last posted its earnings results on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.03). Distribution Solutions Group had a return on equity of 8.89% and a net margin of 0.13%. The firm had revenue of $468.02 million during the quarter, compared to the consensus estimate of $469.80 million. During the same period in the previous year, the company posted $0.17 EPS. As a group, analysts predict that Distribution Solutions Group, Inc. will post 1.36 EPS for the current fiscal year.

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.