Distribution Solutions Group, Inc. (NASDAQ:DSGR) Short Interest Update

Distribution Solutions Group, Inc. (NASDAQ:DSGR) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 337,800 shares, a growth of 19.6% from the November 15th total of 282,500 shares. Based on an average trading volume of 47,200 shares, the days-to-cover ratio is presently 7.2 days. Approximately 3.6% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Distribution Solutions Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC increased its stake in Distribution Solutions Group by 342.0% during the third 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. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Distribution Solutions Group during the third quarter worth $87,000. BNP Paribas Financial Markets increased its stake in Distribution Solutions Group by 21.6% during the third 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 stake in Distribution Solutions Group during the third quarter worth $251,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Distribution Solutions Group by 13.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,536 shares of the company’s stock worth $829,000 after acquiring an additional 2,569 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Distribution Solutions Group Price Performance

NASDAQ:DSGR opened at $38.50 on Monday. Distribution Solutions Group has a one year low of $28.00 and a one year high of $41.47. 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 has a market cap of $1.80 billion, a PE ratio of 962.50 and a beta of 0.94. The stock has a 50 day moving average price of $38.98 and a 200 day moving average price of $35.43.

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