BNP Paribas Financial Markets Has $51,000 Stock Holdings in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

BNP Paribas Financial Markets cut its holdings in Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 70.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,482 shares of the company’s stock after selling 3,532 shares during the quarter. BNP Paribas Financial Markets’ holdings in Distribution Solutions Group were worth $51,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Northern Trust Corp boosted its position in Distribution Solutions Group by 2.2% during the 4th quarter. Northern Trust Corp now owns 108,792 shares of the company’s stock worth $3,742,000 after acquiring an additional 2,359 shares during the last quarter. First Trust Advisors LP boosted its position in Distribution Solutions Group by 67.6% during the 4th quarter. First Trust Advisors LP now owns 158,980 shares of the company’s stock worth $5,469,000 after acquiring an additional 64,129 shares during the last quarter. Mariner LLC acquired a new position in Distribution Solutions Group during the 4th quarter worth approximately $384,000. Barclays PLC boosted its position in Distribution Solutions Group by 8.9% during the 4th quarter. Barclays PLC now owns 18,513 shares of the company’s stock worth $637,000 after acquiring an additional 1,506 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Distribution Solutions Group by 47.8% during the 4th quarter. Wells Fargo & Company MN now owns 5,055 shares of the company’s stock worth $174,000 after acquiring an additional 1,634 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Barrington Research reduced their price target on Distribution Solutions Group from $44.00 to $39.00 and set an “outperform” rating for the company in a research report on Wednesday, May 7th.

Distribution Solutions Group Trading Up 1.8%

NASDAQ:DSGR opened at $27.55 on Wednesday. Distribution Solutions Group, Inc. has a twelve month low of $21.87 and a twelve month high of $41.47. The company has a quick ratio of 1.55, a current ratio of 2.81 and a debt-to-equity ratio of 1.03. The business has a 50 day moving average price of $26.65 and a two-hundred day moving average price of $31.13. The company has a market cap of $1.28 billion, a P/E ratio of 688.92 and a beta of 0.56.

Distribution Solutions Group (NASDAQ:DSGR) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.05). The company had revenue of $478.03 million during the quarter, compared to analyst estimates of $497.17 million. Distribution Solutions Group had a net margin of 0.13% and a return on equity of 8.89%. As a group, analysts expect that Distribution Solutions Group, Inc. 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.