Distribution Solutions Group, Inc. (NASDAQ:DSGR) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its holdings in Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 62.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,291 shares of the company’s stock after selling 12,247 shares during the quarter. Jane Street Group LLC’s holdings in Distribution Solutions Group were worth $281,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Schwartz Investment Counsel Inc. grew its position in Distribution Solutions Group by 20.6% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 152,000 shares of the company’s stock valued at $5,854,000 after buying an additional 26,000 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Distribution Solutions Group by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 915,208 shares of the company’s stock valued at $27,457,000 after buying an additional 14,059 shares during the last quarter. Renaissance Technologies LLC grew its position in Distribution Solutions Group by 12.5% in the 2nd quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock valued at $3,612,000 after buying an additional 13,400 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in Distribution Solutions Group in the 3rd quarter valued at $251,000. Finally, Bank of New York Mellon Corp grew its position in Distribution Solutions Group by 13.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 43,489 shares of the company’s stock valued at $1,305,000 after buying an additional 5,309 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Distribution Solutions Group Stock Performance

NASDAQ:DSGR opened at $33.25 on Friday. The firm’s fifty day moving average price is $37.45 and its 200 day moving average price is $35.93. Distribution Solutions Group, Inc. has a 1-year low of $28.00 and a 1-year high of $41.47. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.81 and a quick ratio of 1.55. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 831.46 and a beta of 0.96.

Distribution Solutions Group (NASDAQ:DSGR) last issued its earnings results on Thursday, October 31st. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.03). The company had revenue of $468.02 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted $0.17 earnings per share. On average, sell-side analysts expect that Distribution Solutions Group, Inc. will post 1.28 EPS for the current year.

About Distribution Solutions Group

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.