Distribution Solutions Group, Inc. (NASDAQ:DSGR) Short Interest Update

Distribution Solutions Group, Inc. (NASDAQ:DSGR) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 309,900 shares, a growth of 11.2% from the May 31st total of 278,600 shares. Based on an average daily trading volume, of 57,700 shares, the short-interest ratio is currently 5.4 days. Currently, 3.3% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DSGR shares. Stephens reissued an “overweight” rating and set a $42.00 target price on shares of Distribution Solutions Group in a research note on Monday, May 6th. Barrington Research reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Distribution Solutions Group in a research note on Tuesday, May 28th.

Distribution Solutions Group Stock Down 3.2 %

Shares of NASDAQ DSGR traded down $0.96 during mid-day trading on Monday, reaching $29.04. The company had a trading volume of 67,078 shares, compared to its average volume of 57,934. Distribution Solutions Group has a twelve month low of $22.91 and a twelve month high of $37.31. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.42 and a current ratio of 2.72. The stock has a market capitalization of $1.36 billion, a PE ratio of -69.14 and a beta of 0.99. The stock’s 50 day moving average is $32.98 and its 200-day moving average is $32.62.

Distribution Solutions Group (NASDAQ:DSGR) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.04). The company had revenue of $416.09 million during the quarter, compared to analyst estimates of $417.40 million. Distribution Solutions Group had a positive return on equity of 6.21% and a negative net margin of 1.23%. As a group, equities analysts anticipate that Distribution Solutions Group will post 1.19 earnings per share for the current fiscal year.

Insider Buying and Selling at Distribution Solutions Group

In other news, Director Robert Zamarripa bought 4,000 shares of the business’s stock in a transaction on Friday, June 7th. The shares were bought at an average cost of $30.24 per share, with a total value of $120,960.00. Following the purchase, the director now directly owns 33,105 shares in the company, valued at $1,001,095.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 76.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Distribution Solutions Group

Several hedge funds have recently made changes to their positions in DSGR. Inspire Advisors LLC bought a new stake in shares of Distribution Solutions Group in the first quarter valued at about $1,134,000. Brighton Jones LLC bought a new stake in shares of Distribution Solutions Group in the fourth quarter valued at about $701,000. PAX Financial Group LLC bought a new stake in shares of Distribution Solutions Group in the first quarter valued at about $701,000. Dimensional Fund Advisors LP lifted its stake in shares of Distribution Solutions Group by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 895,287 shares of the company’s stock valued at $28,256,000 after buying an additional 16,094 shares during the period. Finally, Quadrature Capital Ltd raised its position in Distribution Solutions Group by 111.7% in the third quarter. Quadrature Capital Ltd now owns 28,108 shares of the company’s stock worth $731,000 after purchasing an additional 14,828 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

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.