Distribution Solutions Group (NASDAQ:DSGR) Reaches New 1-Year Low – Here’s Why

Distribution Solutions Group, Inc. (NASDAQ:DSGR)’s share price hit a new 52-week low on Monday . The company traded as low as $27.30 and last traded at $28.00, with a volume of 84527 shares trading hands. The stock had previously closed at $27.91.

Analyst Ratings Changes

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

Distribution Solutions Group Stock Up 1.6 %

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 business has a fifty day simple moving average of $30.24 and a two-hundred day simple moving average of $35.03. The company has a market cap of $1.33 billion, a PE ratio of 715.18 and a beta of 0.92.

Hedge Funds Weigh In On Distribution Solutions Group

Several hedge funds and other institutional investors have recently modified their holdings of DSGR. Catawba River Capital purchased a new stake in Distribution Solutions Group during the 4th quarter valued at about $6,249,000. Monimus Capital Management LP purchased a new stake in shares of Distribution Solutions Group in the fourth quarter valued at approximately $3,076,000. First Trust Advisors LP grew its position in shares of Distribution Solutions Group by 67.6% in the fourth quarter. First Trust Advisors LP now owns 158,980 shares of the company’s stock valued at $5,469,000 after purchasing an additional 64,129 shares in the last quarter. Schwartz Investment Counsel Inc. increased its holdings in shares of Distribution Solutions Group by 23.0% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 186,892 shares of the company’s stock valued at $6,429,000 after purchasing an additional 34,892 shares during the last quarter. Finally, Barclays PLC lifted its position in Distribution Solutions Group by 342.0% during the third quarter. Barclays PLC now owns 17,007 shares of the company’s stock worth $654,000 after buying an additional 13,159 shares in the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

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.