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

Jane Street Group LLC lessened its stake in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) by 62.7% in the 3rd quarter, according to the company in its most recent Form 13F 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 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in Distribution Solutions Group by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 915,208 shares of the company’s stock worth $27,457,000 after buying an additional 14,059 shares during the period. Schwartz Investment Counsel Inc. boosted its stake in Distribution Solutions Group by 20.6% during the third quarter. Schwartz Investment Counsel Inc. now owns 152,000 shares of the company’s stock worth $5,854,000 after buying an additional 26,000 shares during the period. Renaissance Technologies LLC boosted its stake in Distribution Solutions Group by 12.5% during the second quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock worth $3,612,000 after buying an additional 13,400 shares during the period. Bank of New York Mellon Corp boosted its stake in Distribution Solutions Group by 13.9% during the second quarter. Bank of New York Mellon Corp now owns 43,489 shares of the company’s stock worth $1,305,000 after buying an additional 5,309 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Distribution Solutions Group by 13.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 21,536 shares of the company’s stock worth $829,000 after buying an additional 2,569 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Distribution Solutions Group Trading Down 5.1 %

NASDAQ DSGR opened at $33.25 on Friday. The firm has a 50 day simple moving average of $37.45 and a 200-day simple moving average of $35.93. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.55 and a current ratio of 2.81. Distribution Solutions Group, Inc. has a one year low of $28.00 and a one year high of $41.47. 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 posted its quarterly earnings data on Thursday, October 31st. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.03). Distribution Solutions Group had a net margin of 0.13% and a return on equity of 8.89%. The business had revenue of $468.02 million during the quarter, compared to analysts’ expectations of $469.80 million. During the same period in the previous year, the business posted $0.17 EPS. Equities research analysts anticipate that Distribution Solutions Group, Inc. will post 1.28 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.