Brighton Jones LLC Buys Shares of 22,224 Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Brighton Jones LLC purchased a new position in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,224 shares of the company’s stock, valued at approximately $701,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Amalgamated Bank lifted its holdings in Distribution Solutions Group by 100.0% during the 3rd quarter. Amalgamated Bank now owns 1,382 shares of the company’s stock worth $36,000 after buying an additional 691 shares during the period. Barclays PLC raised its position in shares of Distribution Solutions Group by 64.6% during the third quarter. Barclays PLC now owns 3,301 shares of the company’s stock worth $85,000 after acquiring an additional 1,296 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of Distribution Solutions Group by 98.7% in the third quarter. New York State Common Retirement Fund now owns 3,456 shares of the company’s stock worth $90,000 after acquiring an additional 1,717 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Distribution Solutions Group by 87.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,727 shares of the company’s stock valued at $487,000 after acquiring an additional 8,736 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its position in Distribution Solutions Group by 102.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 19,424 shares of the company’s stock valued at $505,000 after purchasing an additional 9,824 shares during the period. 91.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Barrington Research raised their price target on shares of Distribution Solutions Group from $34.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, March 13th.

Distribution Solutions Group Stock Down 2.0 %

Shares of Distribution Solutions Group stock opened at $32.32 on Thursday. The business has a 50-day moving average price of $33.10 and a two-hundred day moving average price of $30.79. Distribution Solutions Group, Inc. has a 1-year low of $22.13 and a 1-year high of $36.61. The company has a current ratio of 2.72, a quick ratio of 1.41 and a debt-to-equity ratio of 0.91.

Distribution Solutions Group (NASDAQ:DSGR) last announced its earnings results on Thursday, March 7th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.14 by $0.08. The company had revenue of $405.24 million for the quarter, compared to analyst estimates of $417.00 million. Distribution Solutions Group had a positive return on equity of 6.31% and a negative net margin of 0.57%. During the same quarter in the prior year, the company earned $0.13 EPS. As a group, sell-side analysts expect that Distribution Solutions Group, Inc. will post 1.49 earnings per share for the current year.

Distribution Solutions Group 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.