Royce & Associates LP Lowers Position in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Royce & Associates LP decreased its holdings in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 604,475 shares of the company’s stock after selling 13,479 shares during the period. Royce & Associates LP owned about 1.29% of Distribution Solutions Group worth $20,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Distribution Solutions Group during the 3rd quarter valued at approximately $87,000. SG Americas Securities LLC lifted its position in shares of Distribution Solutions Group by 26.8% during the 4th quarter. SG Americas Securities LLC now owns 4,952 shares of the company’s stock valued at $170,000 after buying an additional 1,046 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Distribution Solutions Group by 21.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,014 shares of the company’s stock valued at $193,000 after buying an additional 891 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Distribution Solutions Group during the 3rd quarter valued at approximately $251,000. Finally, Barclays PLC lifted its position in shares of Distribution Solutions Group by 342.0% during the 3rd quarter. Barclays PLC now owns 17,007 shares of the company’s stock valued at $654,000 after buying an additional 13,159 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Distribution Solutions Group Stock Up 3.6 %

NASDAQ DSGR opened at $29.55 on Monday. The business has a fifty day moving average price of $31.55 and a 200 day moving average price of $35.57. Distribution Solutions Group, Inc. has a one year low of $27.58 and a one year high of $41.47. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.55 and a current ratio of 2.81. The company has a market cap of $1.38 billion, a P/E ratio of 738.93 and a beta of 0.92.

Analysts Set New Price Targets

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

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.