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

Distribution Solutions Group, Inc. (NASDAQ:DSGR) was the recipient of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 337,800 shares, a growth of 19.6% from the November 15th total of 282,500 shares. Approximately 3.6% of the shares of the stock are short sold. Based on an average trading volume of 47,200 shares, the short-interest ratio is presently 7.2 days.

Wall Street Analyst Weigh In

Separately, Barrington Research boosted their price objective on Distribution Solutions Group from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th.

Hedge Funds Weigh In On Distribution Solutions Group

Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in shares of Distribution Solutions Group by 342.0% in the third quarter. Barclays PLC now owns 17,007 shares of the company’s stock worth $654,000 after acquiring an additional 13,159 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Distribution Solutions Group in the third quarter worth about $87,000. BNP Paribas Financial Markets increased its holdings in shares of Distribution Solutions Group by 21.6% in the third quarter. BNP Paribas Financial Markets now owns 5,014 shares of the company’s stock worth $193,000 after acquiring an additional 891 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Distribution Solutions Group in the third quarter worth about $251,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Distribution Solutions Group by 13.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,536 shares of the company’s stock worth $829,000 after acquiring an additional 2,569 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Distribution Solutions Group Trading Up 0.3 %

Shares of DSGR opened at $38.60 on Monday. The company has a quick ratio of 1.55, a current ratio of 2.81 and a debt-to-equity ratio of 1.03. Distribution Solutions Group has a 12-month low of $28.00 and a 12-month high of $41.47. The firm has a market capitalization of $1.81 billion, a PE ratio of 962.50 and a beta of 0.94. The stock’s fifty day simple moving average is $38.98 and its 200-day simple moving average is $35.43.

Distribution Solutions Group (NASDAQ:DSGR) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.03). Distribution Solutions Group had a net margin of 0.13% and a return on equity of 8.89%. The firm had revenue of $468.02 million for the quarter, compared to analyst estimates of $469.80 million. During the same period last year, the company earned $0.17 EPS. As a group, research analysts predict that Distribution Solutions Group will post 1.28 earnings per share for the current year.

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.