Pekin Hardy Strauss Inc. Sells 1,000 Shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Pekin Hardy Strauss Inc. lessened its position in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 4.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,090 shares of the company’s stock after selling 1,000 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Distribution Solutions Group were worth $603,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of DSGR. BNP Paribas Financial Markets increased its holdings in Distribution Solutions Group by 8.6% during the 1st quarter. BNP Paribas Financial Markets now owns 8,500 shares of the company’s stock worth $302,000 after acquiring an additional 676 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Distribution Solutions Group by 4.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,417 shares of the company’s stock worth $335,000 after buying an additional 406 shares during the last quarter. Inspire Investing LLC bought a new position in shares of Distribution Solutions Group in the 1st quarter worth $352,000. California State Teachers Retirement System increased its holdings in shares of Distribution Solutions Group by 15.7% in the 1st quarter. California State Teachers Retirement System now owns 11,530 shares of the company’s stock worth $409,000 after buying an additional 1,563 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Distribution Solutions Group by 11.1% in the 2nd quarter. Rhumbline Advisers now owns 13,986 shares of the company’s stock worth $420,000 after buying an additional 1,398 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DSGR shares. Barrington Research increased their price target on shares of Distribution Solutions Group from $40.00 to $43.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Stephens reissued an “overweight” rating and issued a $42.00 price target on shares of Distribution Solutions Group in a report on Monday, August 5th.

Distribution Solutions Group Price Performance

Shares of Distribution Solutions Group stock opened at $37.16 on Wednesday. Distribution Solutions Group, Inc. has a 52-week low of $22.91 and a 52-week high of $38.30. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of -88.48 and a beta of 0.97. The company has a fifty day moving average of $34.11 and a 200-day moving average of $33.32. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.28 and a current ratio of 2.50.

Distribution Solutions Group (NASDAQ:DSGR) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08. Distribution Solutions Group had a negative net margin of 1.25% and a positive return on equity of 7.42%. The company had revenue of $439.54 million during the quarter, compared to analysts’ expectations of $437.40 million. During the same quarter in the prior year, the company earned $0.26 EPS. Equities research analysts expect that Distribution Solutions Group, Inc. will post 1.39 EPS for the current year.

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.