Distribution Solutions Group (NASDAQ:DSGR) Hits New 52-Week Low – Here’s What Happened

Distribution Solutions Group, Inc. (NASDAQ:DSGR) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $27.30 and last traded at $28.00, with a volume of 84527 shares. The stock had previously closed at $27.91.

Wall Street Analyst Weigh In

Separately, Barrington Research reiterated an “outperform” rating and set a $44.00 price objective on shares of Distribution Solutions Group in a research report on Tuesday, March 11th.

Distribution Solutions Group Stock Up 0.3 %

The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.55 and a current ratio of 2.81. The stock’s 50 day moving average price is $30.50 and its 200-day moving average price is $35.13. The company has a market cap of $1.30 billion, a PE ratio of 700.18 and a beta of 0.92.

Institutional Trading of Distribution Solutions Group

Several institutional investors have recently added to or reduced their stakes in the business. Catawba River Capital bought a new stake in shares of Distribution Solutions Group in the 4th quarter valued at about $6,249,000. Monimus Capital Management LP bought a new stake in Distribution Solutions Group in the fourth quarter valued at approximately $3,076,000. First Trust Advisors LP boosted its stake in shares of Distribution Solutions Group by 67.6% during the fourth quarter. First Trust Advisors LP now owns 158,980 shares of the company’s stock valued at $5,469,000 after purchasing an additional 64,129 shares during the period. Schwartz Investment Counsel Inc. boosted its stake in shares of Distribution Solutions Group by 23.0% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 186,892 shares of the company’s stock valued at $6,429,000 after purchasing an additional 34,892 shares during the period. Finally, Barclays PLC grew its holdings in shares of Distribution Solutions Group by 342.0% in the third quarter. Barclays PLC now owns 17,007 shares of the company’s stock worth $654,000 after purchasing an additional 13,159 shares during the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

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.