Agman Capital LLC Takes Position in Distribution Solutions Group, Inc. $DSGR

Agman Capital LLC acquired a new stake in shares of Distribution Solutions Group, Inc. (NASDAQ:DSGR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 180,872 shares of the company’s stock, valued at approximately $4,954,000. Distribution Solutions Group comprises approximately 4.2% of Agman Capital LLC’s holdings, making the stock its 9th biggest holding.

Other large investors have also recently made changes to their positions in the company. Highlander Partners L.P. purchased a new stake in shares of Distribution Solutions Group during the fourth quarter valued at $2,353,000. Teton Advisors LLC purchased a new stake in shares of Distribution Solutions Group during the third quarter valued at $3,188,000. PharVision Advisers LLC purchased a new stake in shares of Distribution Solutions Group during the third quarter valued at $250,000. Quarry LP purchased a new stake in shares of Distribution Solutions Group during the third quarter valued at $42,000. Finally, Nantahala Capital Management LLC grew its holdings in shares of Distribution Solutions Group by 9.3% during the third quarter. Nantahala Capital Management LLC now owns 230,339 shares of the company’s stock valued at $6,929,000 after buying an additional 19,539 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on DSGR. Stephens restated an “overweight” rating and set a $36.00 target price on shares of Distribution Solutions Group in a research report on Tuesday, May 5th. Barrington Research decreased their price objective on shares of Distribution Solutions Group from $35.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, May 21st. Weiss Ratings downgraded shares of Distribution Solutions Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, May 19th. Finally, Zacks Research downgraded shares of Distribution Solutions Group from a “hold” rating to a “strong sell” rating in a research report on Thursday. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Distribution Solutions Group presently has an average rating of “Hold” and a consensus price target of $34.50.

Distribution Solutions Group Stock Up 0.1%

DSGR opened at $27.72 on Friday. Distribution Solutions Group, Inc. has a twelve month low of $19.02 and a twelve month high of $33.80. The company has a quick ratio of 1.39, a current ratio of 2.63 and a debt-to-equity ratio of 1.07. The company has a 50-day moving average price of $27.22 and a 200 day moving average price of $27.77. The company has a market cap of $1.28 billion, a PE ratio of 231.00 and a beta of 0.55.

Distribution Solutions Group (NASDAQ:DSGR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). Distribution Solutions Group had a return on equity of 8.49% and a net margin of 0.27%.The company had revenue of $496.00 million for the quarter, compared to analyst estimates of $489.30 million. Sell-side analysts expect that Distribution Solutions Group, Inc. will post 1.31 earnings per share 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. It operates through three segments: Lawson, Gexpro Services, and TestEquity. The Lawson segment distributes of specialty products and services to the industrial, commercial, institutional, and government MRO market.