Pekin Hardy Strauss Inc. Reduces Stock Position in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Pekin Hardy Strauss Inc. lowered its position in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 4.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & 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 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its position 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 valued at $302,000 after buying an additional 676 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Distribution Solutions Group by 4.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,417 shares of the company’s stock valued at $335,000 after buying an additional 406 shares during the period. Inspire Investing LLC purchased a new stake in Distribution Solutions Group during the 1st quarter valued at $352,000. California State Teachers Retirement System boosted its position in Distribution Solutions Group by 15.7% during the 1st quarter. California State Teachers Retirement System now owns 11,530 shares of the company’s stock valued at $409,000 after buying an additional 1,563 shares during the period. Finally, Rhumbline Advisers boosted its position in Distribution Solutions Group by 11.1% during the 2nd quarter. Rhumbline Advisers now owns 13,986 shares of the company’s stock valued at $420,000 after buying an additional 1,398 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Distribution Solutions Group Trading Up 1.1 %

NASDAQ:DSGR opened at $37.16 on Wednesday. The company has a 50-day moving average price of $34.11 and a 200-day moving average price of $33.32. Distribution Solutions Group, Inc. has a 12 month low of $22.91 and a 12 month high of $38.30. The company has a current ratio of 2.50, a quick ratio of 1.28 and a debt-to-equity ratio of 0.88. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of -88.48 and a beta of 0.97.

Distribution Solutions Group (NASDAQ:DSGR) last posted its earnings results on Thursday, August 1st. The company reported $0.40 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $439.54 million during the quarter, compared to analysts’ expectations of $437.40 million. During the same period last year, the company posted $0.26 EPS. Equities analysts predict that Distribution Solutions Group, Inc. will post 1.39 EPS for the current year.

Analyst Ratings Changes

DSGR has been the subject of several analyst reports. Barrington Research increased their price target on shares of Distribution Solutions Group from $40.00 to $43.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Stephens reaffirmed an “overweight” rating and issued a $42.00 target price on shares of Distribution Solutions Group in a research report on Monday, August 5th.

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.