Covey Capital Advisors LLC Has $577,000 Stock Position in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Covey Capital Advisors LLC decreased its stake in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,785 shares of the company’s stock after selling 1,421 shares during the quarter. Covey Capital Advisors LLC’s holdings in Distribution Solutions Group were worth $577,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Distribution Solutions Group during the 3rd quarter worth approximately $87,000. SG Americas Securities LLC acquired a new position in shares of Distribution Solutions Group during the 3rd quarter worth approximately $150,000. BNP Paribas Financial Markets increased its holdings in shares of Distribution Solutions Group by 21.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,014 shares of the company’s stock worth $193,000 after acquiring an additional 891 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Distribution Solutions Group during the 3rd quarter worth approximately $251,000. Finally, Barclays PLC increased its holdings in shares of Distribution Solutions Group by 342.0% during the 3rd quarter. Barclays PLC now owns 17,007 shares of the company’s stock worth $654,000 after acquiring an additional 13,159 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Distribution Solutions Group Stock Performance

DSGR opened at $29.87 on Friday. The business has a fifty day simple moving average of $33.60 and a 200 day simple moving average of $36.15. The company has a market capitalization of $1.40 billion, a PE ratio of 746.94 and a beta of 0.95. Distribution Solutions Group, Inc. has a 1 year low of $28.00 and a 1 year high of $41.47. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.81 and a quick ratio of 1.55.

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.