Distribution Solutions Group, Inc. (NASDAQ:DSGR) Sees Significant Growth in Short Interest

Distribution Solutions Group, Inc. (NASDAQ:DSGR) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 337,800 shares, an increase of 19.6% from the November 15th total of 282,500 shares. Currently, 3.6% of the company’s stock are sold short. Based on an average trading volume of 47,200 shares, the days-to-cover ratio is currently 7.2 days.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Distribution Solutions Group

Several large investors have recently bought and sold shares of DSGR. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Distribution Solutions Group during the 3rd quarter worth about $87,000. SG Americas Securities LLC bought a new position in Distribution Solutions Group during the third quarter valued at about $150,000. BNP Paribas Financial Markets raised its holdings in Distribution Solutions Group by 21.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,014 shares of the company’s stock valued at $193,000 after acquiring an additional 891 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Distribution Solutions Group in the 3rd quarter worth approximately $251,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of 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 worth $335,000 after purchasing an additional 406 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Distribution Solutions Group Stock Performance

DSGR traded down $0.54 during trading on Friday, hitting $38.50. The stock had a trading volume of 54,317 shares, compared to its average volume of 51,318. The firm has a market cap of $1.80 billion, a PE ratio of 962.50 and a beta of 0.94. The company has a current ratio of 2.81, a quick ratio of 1.55 and a debt-to-equity ratio of 1.03. Distribution Solutions Group has a 12 month low of $28.00 and a 12 month high of $41.47. The company has a 50 day simple moving average of $38.98 and a 200-day simple moving average of $35.42.

Distribution Solutions Group (NASDAQ:DSGR) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Distribution Solutions Group had a return on equity of 8.89% and a net margin of 0.13%. The business had revenue of $468.02 million during the quarter, compared to the consensus estimate of $469.80 million. During the same quarter in the previous year, the firm posted $0.17 earnings per share. Analysts expect that Distribution Solutions Group will post 1.28 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.