Distribution Solutions Group, Inc. (NASDAQ:DSGR – Get Rating) was the target of a significant decrease in short interest in December. As of December 30th, there was short interest totalling 66,300 shares, a decrease of 5.4% from the December 15th total of 70,100 shares. Based on an average daily trading volume, of 28,000 shares, the days-to-cover ratio is presently 2.4 days. Approximately 0.4% of the shares of the stock are short sold.
Distribution Solutions Group Price Performance
Distribution Solutions Group stock opened at $39.46 on Monday. Distribution Solutions Group has a 52-week low of $25.66 and a 52-week high of $55.96. The firm has a market capitalization of $765.52 million, a price-to-earnings ratio of 26.66 and a beta of 0.85. The company has a fifty day simple moving average of $36.87 and a 200-day simple moving average of $38.17. The company has a quick ratio of 1.16, a current ratio of 2.50 and a debt-to-equity ratio of 0.73.
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Distribution Solutions Group (NASDAQ:DSGR – Get Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.28. The firm had revenue of $347.15 million for the quarter, compared to analysts' expectations of $322.00 million. Distribution Solutions Group had a net margin of 2.25% and a return on equity of 10.50%. On average, equities analysts anticipate that Distribution Solutions Group will post 1.52 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System acquired a new position in shares of Distribution Solutions Group during the 3rd quarter valued at about $55,000. CIBC Private Wealth Group LLC acquired a new position in shares of Distribution Solutions Group during the 3rd quarter valued at about $312,000. Lord Abbett & CO. LLC acquired a new position in shares of Distribution Solutions Group during the 3rd quarter valued at about $524,000. Jane Street Group LLC acquired a new position in shares of Distribution Solutions Group during the 3rd quarter valued at about $566,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Distribution Solutions Group during the 3rd quarter valued at about $660,000. Institutional investors and hedge funds own 92.25% of the company's stock.
Analysts Set New Price Targets
Separately, Barrington Research dropped their target price on shares of Distribution Solutions Group to $57.00 in a report on Wednesday, November 16th.
Distribution Solutions Group Company Profile
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Distribution Solutions Group, Inc operates as a specialty distribution company. It provides distribution solutions to the maintenance, repair, and operations (MRO), original equipment manufacturer, and the industrial technologies markets. The company was founded in 1952 and is headquartered in Chicago, Illinois.
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