Distribution Solutions Group, Inc. (NASDAQ:DSGR) Shares Sold by Royce & Associates LP

Royce & Associates LP cut its stake in Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 2.2% in the fourth quarter, Holdings Channel reports. The fund owned 604,475 shares of the company’s stock after selling 13,479 shares during the period. Royce & Associates LP’s holdings in Distribution Solutions Group were worth $20,794,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DSGR. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Distribution Solutions Group by 13.5% in the 3rd 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 during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Distribution Solutions Group in the 3rd quarter worth $251,000. BNP Paribas Financial Markets increased its stake in shares of Distribution Solutions Group by 21.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,014 shares of the company’s stock worth $193,000 after acquiring an additional 891 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Distribution Solutions Group during the 3rd quarter worth about $87,000. Finally, Barclays PLC increased 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 worth $654,000 after purchasing an additional 13,159 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Distribution Solutions Group Stock Up 3.6 %

Shares of NASDAQ:DSGR opened at $29.55 on Monday. The business has a 50-day moving average price of $31.55 and a 200 day moving average price of $35.57. The company has a current ratio of 2.81, a quick ratio of 1.55 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 738.93 and a beta of 0.92. Distribution Solutions Group, Inc. has a 12-month low of $27.58 and a 12-month high of $41.47.

Wall Street Analysts Forecast Growth

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

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.