Brighton Jones LLC Purchases Shares of 22,224 Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Brighton Jones LLC acquired a new position in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 22,224 shares of the company’s stock, valued at approximately $701,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DSGR. Amalgamated Bank grew its position in Distribution Solutions Group by 100.0% in the third quarter. Amalgamated Bank now owns 1,382 shares of the company’s stock valued at $36,000 after acquiring an additional 691 shares during the period. Barclays PLC grew its holdings in shares of Distribution Solutions Group by 64.6% in the 3rd quarter. Barclays PLC now owns 3,301 shares of the company’s stock worth $85,000 after purchasing an additional 1,296 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Distribution Solutions Group by 98.7% during the 3rd quarter. New York State Common Retirement Fund now owns 3,456 shares of the company’s stock worth $90,000 after purchasing an additional 1,717 shares in the last quarter. Pekin Hardy Strauss Inc. bought a new position in Distribution Solutions Group during the 4th quarter valued at about $420,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Distribution Solutions Group by 87.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,727 shares of the company’s stock valued at $487,000 after buying an additional 8,736 shares in the last quarter. 91.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Distribution Solutions Group Trading Down 2.0 %

Shares of DSGR stock opened at $32.32 on Thursday. Distribution Solutions Group, Inc. has a 52 week low of $22.13 and a 52 week high of $36.61. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.41 and a current ratio of 2.72. The stock’s fifty day moving average is $33.10 and its 200-day moving average is $30.79.

Distribution Solutions Group (NASDAQ:DSGR) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. Distribution Solutions Group had a negative net margin of 0.57% and a positive return on equity of 6.31%. The firm had revenue of $405.24 million for the quarter, compared to analyst estimates of $417.00 million. During the same quarter in the prior year, the firm earned $0.13 EPS. As a group, sell-side analysts forecast that Distribution Solutions Group, Inc. will post 1.49 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.