Distribution Solutions Group, Inc. (NASDAQ:DSGR) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 21.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 5,014 shares of the company’s stock after acquiring an additional 891 shares during the period. BNP Paribas Financial Markets’ holdings in Distribution Solutions Group were worth $193,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in Distribution Solutions Group by 13.9% in the second quarter. Bank of New York Mellon Corp now owns 43,489 shares of the company’s stock valued at $1,305,000 after acquiring an additional 5,309 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Distribution Solutions Group by 11.1% during the 2nd quarter. Rhumbline Advisers now owns 13,986 shares of the company’s stock worth $420,000 after purchasing an additional 1,398 shares during the period. Dimensional Fund Advisors LP increased its position in Distribution Solutions Group by 1.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 915,208 shares of the company’s stock worth $27,457,000 after purchasing an additional 14,059 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Distribution Solutions Group by 12.5% in the second quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock valued at $3,612,000 after buying an additional 13,400 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Distribution Solutions Group during the third quarter valued at approximately $150,000. 91.64% of the stock is owned by institutional investors and hedge funds.

Distribution Solutions Group Stock Performance

Distribution Solutions Group stock opened at $37.90 on Wednesday. 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 stock has a 50 day moving average of $39.00 and a 200-day moving average of $35.47. The stock has a market cap of $1.78 billion, a P/E ratio of 944.75 and a beta of 0.94. Distribution Solutions Group, Inc. has a 52 week low of $28.00 and a 52 week high of $41.47.

Distribution Solutions Group (NASDAQ:DSGR) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.03). Distribution Solutions Group had a return on equity of 8.89% and a net margin of 0.13%. The company had revenue of $468.02 million for the quarter, compared to analyst estimates of $469.80 million. During the same period in the prior year, the business earned $0.17 earnings per share. On average, analysts expect that Distribution Solutions Group, Inc. will post 1.28 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.