Gamco Investors INC. ET AL Raises Position in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Gamco Investors INC. ET AL raised its stake in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 0.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 265,868 shares of the company’s stock after purchasing an additional 500 shares during the period. Gamco Investors INC. ET AL owned 0.57% of Distribution Solutions Group worth $9,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DSGR. Dimensional Fund Advisors LP raised its holdings 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 worth $28,256,000 after buying an additional 16,094 shares during the period. Vanguard Group Inc. raised its holdings in shares of Distribution Solutions Group by 1.5% in the first quarter. Vanguard Group Inc. now owns 586,652 shares of the company’s stock worth $20,814,000 after buying an additional 8,745 shares during the period. Clayton Partners LLC raised its holdings in shares of Distribution Solutions Group by 10.2% in the fourth quarter. Clayton Partners LLC now owns 77,274 shares of the company’s stock worth $2,439,000 after buying an additional 7,174 shares during the period. Inspire Advisors LLC purchased a new stake in shares of Distribution Solutions Group in the first quarter worth approximately $1,134,000. Finally, Swiss National Bank raised its holdings in shares of Distribution Solutions Group by 25.5% in the first quarter. Swiss National Bank now owns 23,104 shares of the company’s stock worth $820,000 after buying an additional 4,700 shares during the period. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Distribution Solutions Group Trading Up 3.3 %

DSGR traded up $1.09 during trading on Friday, hitting $34.45. 51,266 shares of the stock were exchanged, compared to its average volume of 52,146. The firm has a 50 day simple moving average of $31.76 and a 200 day simple moving average of $32.60. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of -82.02 and a beta of 0.99. Distribution Solutions Group, Inc. has a 1 year low of $22.91 and a 1 year 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.

Distribution Solutions Group (NASDAQ:DSGR) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.04). The firm had revenue of $416.09 million for the quarter, compared to analysts’ expectations 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 expect that Distribution Solutions Group, Inc. will post 1.19 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DSGR shares. Stephens reiterated an “overweight” rating and issued a $42.00 price target on shares of Distribution Solutions Group in a report on Monday, May 6th. Barrington Research reiterated an “outperform” rating and issued a $40.00 price target on shares of Distribution Solutions Group in a report on Tuesday, May 28th.

Insiders Place Their Bets

In other news, Director Robert Zamarripa acquired 4,000 shares of Distribution Solutions Group stock in a transaction on Friday, June 7th. The shares were bought at an average cost of $30.24 per share, for a total transaction of $120,960.00. Following the acquisition, the director now directly owns 33,105 shares of the company’s stock, valued at approximately $1,001,095.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 76.60% of the stock is currently owned by company insiders.

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.