16,857 Shares in Distribution Solutions Group, Inc. $DSGR Acquired by Rangeley Capital LLC

Rangeley Capital LLC acquired a new position in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 16,857 shares of the company’s stock, valued at approximately $442,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in shares of Distribution Solutions Group by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 937,151 shares of the company’s stock valued at $24,590,000 after acquiring an additional 26,595 shares during the period. Nantahala Capital Management LLC increased its position in shares of Distribution Solutions Group by 43.3% in the fourth quarter. Nantahala Capital Management LLC now owns 330,000 shares of the company’s stock worth $9,039,000 after purchasing an additional 99,661 shares during the period. Gamco Investors INC. ET AL increased its position in shares of Distribution Solutions Group by 9.4% in the first quarter. Gamco Investors INC. ET AL now owns 279,945 shares of the company’s stock worth $7,346,000 after purchasing an additional 24,141 shares during the period. Agman Capital LLC acquired a new position in Distribution Solutions Group in the fourth quarter valued at about $4,954,000. Finally, First Trust Advisors LP raised its stake in Distribution Solutions Group by 15.8% in the first quarter. First Trust Advisors LP now owns 180,152 shares of the company’s stock valued at $4,727,000 after purchasing an additional 24,633 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Distribution Solutions Group Price Performance

Shares of Distribution Solutions Group stock opened at $34.51 on Monday. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 287.58 and a beta of 0.56. Distribution Solutions Group, Inc. has a one year low of $19.02 and a one year high of $34.83. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.63 and a quick ratio of 1.39. The stock’s 50-day moving average is $28.39 and its 200 day moving average is $27.97.

Distribution Solutions Group (NASDAQ:DSGR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). The company had revenue of $496.00 million during the quarter, compared to the consensus estimate of $489.30 million. Distribution Solutions Group had a net margin of 0.27% and a return on equity of 8.49%. Equities research analysts anticipate that Distribution Solutions Group, Inc. will post 1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DSGR. Barrington Research set a $35.00 price target on shares of Distribution Solutions Group and gave the stock a “market perform” rating in a report on Friday, July 17th. Weiss Ratings lowered Distribution Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, July 10th. Zacks Research raised shares of Distribution Solutions Group from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Stephens set a $35.00 price objective on Distribution Solutions Group in a report on Thursday, July 16th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $35.00.

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. It operates through three segments: Lawson, Gexpro Services, and TestEquity. The Lawson segment distributes of specialty products and services to the industrial, commercial, institutional, and government MRO market.