Catawba River Capital Invests $6.25 Million in Distribution Solutions Group, Inc. (NASDAQ:DSGR)

Catawba River Capital bought a new position in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 181,664 shares of the company’s stock, valued at approximately $6,249,000. Distribution Solutions Group makes up approximately 3.7% of Catawba River Capital’s portfolio, making the stock its 17th largest position. Catawba River Capital owned 0.39% of Distribution Solutions Group at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in DSGR. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Distribution Solutions Group during the third quarter worth approximately $87,000. SG Americas Securities LLC purchased a new stake in Distribution Solutions Group in the third quarter valued at $150,000. BNP Paribas Financial Markets boosted its stake in Distribution Solutions Group by 21.6% in the third quarter. BNP Paribas Financial Markets now owns 5,014 shares of the company’s stock valued at $193,000 after acquiring an additional 891 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Distribution Solutions Group during the third quarter worth about $251,000. Finally, Barclays PLC lifted its holdings in shares of Distribution Solutions Group by 342.0% in the 3rd quarter. Barclays PLC now owns 17,007 shares of the company’s stock valued at $654,000 after purchasing an additional 13,159 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Distribution Solutions Group Stock Performance

NASDAQ DSGR opened at $31.23 on Tuesday. The business’s 50-day moving average price is $35.21 and its 200 day moving average price is $36.38. 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 firm has a market cap of $1.46 billion, a P/E ratio of 780.95 and a beta of 0.95. Distribution Solutions Group, Inc. has a 52-week low of $28.00 and a 52-week high of $41.47.

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.