Russell Investments Group Ltd. acquired a new position in Distribution Solutions Group, Inc. (NASDAQ:DSGR – Get Rating) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 36,206 shares of the company’s stock, valued at approximately $1,335,000. Russell Investments Group Ltd. owned 0.19% of Distribution Solutions Group as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DSGR. Citadel Advisors LLC acquired a new position in Distribution Solutions Group in the 3rd quarter worth approximately $1,619,000. BlackRock Inc. acquired a new position in Distribution Solutions Group in the 3rd quarter worth approximately $8,877,000. Bank of New York Mellon Corp purchased a new stake in Distribution Solutions Group in the 3rd quarter worth approximately $660,000. Marshall Wace LLP purchased a new stake in Distribution Solutions Group in the 3rd quarter worth approximately $748,000. Finally, Lord Abbett & CO. LLC purchased a new stake in Distribution Solutions Group in the 3rd quarter worth approximately $524,000. Institutional investors and hedge funds own 92.25% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on DSGR shares. TheStreet upgraded shares of Distribution Solutions Group from a “d+” rating to a “c-” rating in a research report on Thursday, April 13th. Barrington Research increased their target price on shares of Distribution Solutions Group from $57.00 to $61.00 and gave the stock an “outperform” rating in a research report on Thursday, March 30th.
Distribution Solutions Group Stock Down 0.4 %
Distribution Solutions Group (NASDAQ:DSGR – Get Rating) last released its quarterly earnings results on Thursday, March 9th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.20). The business had revenue of $328.85 million for the quarter, compared to the consensus estimate of $322.80 million. Distribution Solutions Group had a net margin of 1.18% and a return on equity of 6.46%. Sell-side analysts forecast that Distribution Solutions Group, Inc. will post 1.96 earnings per share for the current fiscal year.
Distribution Solutions Group Company Profile
Distribution Solutions Group, Inc engages in the distribution of maintenance and repair products to industrial, commercial, institutional and government markets. It operates through the following segments: Lawson and Bolt. The Lawson operating segment delivers quality products to customers and offers them product knowledge, product application expertise and Vendor Managed Inventory (VMI) services.
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