Distribution Solutions Group (NASDAQ:DSGR) Reaches New 52-Week Low Following Weak Earnings

Distribution Solutions Group, Inc. (NASDAQ:DSGR)’s share price hit a new 52-week low on Thursday following a dissappointing earnings announcement. The company traded as low as $22.70 and last traded at $23.86, with a volume of 14170 shares trading hands. The stock had previously closed at $26.04.

The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.05). Distribution Solutions Group had a net margin of 0.13% and a return on equity of 8.89%. The business had revenue of $478.03 million during the quarter, compared to analyst estimates of $497.17 million.

Analysts Set New Price Targets

Separately, Barrington Research reissued an “outperform” rating and issued a $44.00 target price on shares of Distribution Solutions Group in a research note on Tuesday, March 11th.

Institutional Investors Weigh In On Distribution Solutions Group

Several hedge funds have recently bought and sold shares of DSGR. GAMMA Investing LLC increased its position in Distribution Solutions Group by 1,888.8% during the first quarter. GAMMA Investing LLC now owns 2,128 shares of the company’s stock worth $60,000 after buying an additional 2,021 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Distribution Solutions Group during the 4th quarter worth approximately $68,000. SG Americas Securities LLC raised its stake in Distribution Solutions Group by 26.8% in the 4th quarter. SG Americas Securities LLC now owns 4,952 shares of the company’s stock valued at $170,000 after acquiring an additional 1,046 shares during the period. Wells Fargo & Company MN lifted its holdings in Distribution Solutions Group by 47.8% during the 4th quarter. Wells Fargo & Company MN now owns 5,055 shares of the company’s stock valued at $174,000 after purchasing an additional 1,634 shares during the last quarter. Finally, JT Stratford LLC bought a new position in Distribution Solutions Group during the fourth quarter worth $207,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Distribution Solutions Group Stock Performance

The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 647.41 and a beta of 0.70. The company’s fifty day simple moving average is $27.69 and its 200 day simple moving average is $33.03. The company has a quick ratio of 1.55, a current ratio of 2.81 and a debt-to-equity ratio of 1.03.

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.