ExodusPoint Capital Management LP Invests $331,000 in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

ExodusPoint Capital Management LP acquired a new stake in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 9,615 shares of the company’s stock, valued at approximately $331,000.

Other hedge funds have also recently made changes to their positions in the company. Swedbank AB grew its stake in Distribution Solutions Group by 1.7% during the 4th quarter. Swedbank AB now owns 661,292 shares of the company’s stock valued at $22,748,000 after purchasing an additional 11,292 shares during the last quarter. Vanguard Group Inc. boosted its position in Distribution Solutions Group by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 569,214 shares of the company’s stock valued at $19,581,000 after buying an additional 7,996 shares during the last quarter. Schwartz Investment Counsel Inc. increased its holdings in Distribution Solutions Group by 23.0% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 186,892 shares of the company’s stock worth $6,429,000 after buying an additional 34,892 shares during the period. Catawba River Capital purchased a new position in Distribution Solutions Group during the 4th quarter worth approximately $6,249,000. Finally, Monimus Capital Management LP acquired a new stake in Distribution Solutions Group during the 4th quarter valued at approximately $3,076,000. 91.64% of the stock is owned by institutional investors and hedge funds.

Distribution Solutions Group Stock Performance

Shares of DSGR stock opened at $27.06 on Friday. The stock has a market cap of $1.26 billion, a PE ratio of 676.67 and a beta of 0.70. Distribution Solutions Group, Inc. has a 52-week low of $24.31 and a 52-week high of $41.47. The business has a 50-day simple moving average of $28.93 and a 200-day simple moving average of $34.28. The company has a quick ratio of 1.55, a current ratio of 2.81 and a debt-to-equity ratio of 1.03.

Wall Street Analyst Weigh In

Separately, Barrington Research reiterated an “outperform” rating and issued a $44.00 price objective on shares of Distribution Solutions Group in a research note 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.