GAMMA Investing LLC Grows Stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

GAMMA Investing LLC increased its position in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 1,888.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 2,128 shares of the company’s stock after buying an additional 2,021 shares during the quarter. GAMMA Investing LLC’s holdings in Distribution Solutions Group were worth $60,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in DSGR. Vanguard Group Inc. increased its stake in Distribution Solutions Group by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 569,214 shares of the company’s stock valued at $19,581,000 after buying an additional 7,996 shares during the period. First Trust Advisors LP raised its holdings in Distribution Solutions Group by 67.6% during the fourth quarter. First Trust Advisors LP now owns 158,980 shares of the company’s stock worth $5,469,000 after purchasing an additional 64,129 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Distribution Solutions Group by 2.2% in the fourth quarter. Northern Trust Corp now owns 108,792 shares of the company’s stock worth $3,742,000 after acquiring an additional 2,359 shares during the last quarter. Monimus Capital Management LP acquired a new position in shares of Distribution Solutions Group in the fourth quarter worth $3,076,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Distribution Solutions Group by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 81,386 shares of the company’s stock worth $2,800,000 after acquiring an additional 537 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research lowered their price objective on Distribution Solutions Group from $44.00 to $39.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th.

Distribution Solutions Group Price Performance

DSGR stock opened at $27.13 on Thursday. The stock has a 50-day moving average price of $26.79 and a two-hundred day moving average price of $29.90. Distribution Solutions Group, Inc. has a 12-month low of $21.87 and a 12-month high of $41.47. The company has a current ratio of 2.74, a quick ratio of 1.45 and a debt-to-equity ratio of 1.12. The company has a market cap of $1.26 billion, a PE ratio of 1,357.18 and a beta of 0.60.

Distribution Solutions Group (NASDAQ:DSGR) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). The company had revenue of $478.03 million for the quarter, compared to analyst estimates of $497.17 million. Distribution Solutions Group had a return on equity of 10.88% and a net margin of 0.06%. As a group, research analysts predict that Distribution Solutions Group, Inc. will post 1.28 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.