Park Dental Partners, Inc. (NASDAQ:PARK) Stock Short Interest Report for September

by · The Cerbat Gem

Park Dental Partners, Inc. (NASDAQ:PARK – Get Free Report) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 23,756 shares, an increase of 70.6% from the September 15th total of 13,922 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 29,327 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On Park Dental Partners

Hedge funds and other institutional investors have recently bought and sold shares of the company. Punch & Associates Investment Management Inc. purchased a new stake in shares of Park Dental Partners in the 2nd quarter valued at approximately $1,444,000. Heartland Advisors Inc. acquired a new stake in shares of Park Dental Partners during the 2nd quarter worth approximately $4,310,000. BlackRock Inc. purchased a new stake in shares of Park Dental Partners during the 2nd quarter valued at approximately $120,000. Finally, Sei Investments Co. raised its position in shares of Park Dental Partners by 100.0% during the 1st quarter. Sei Investments Co. now owns 34,766 shares of the company’s stock valued at $583,000 after buying an additional 17,383 shares during the period.

Park Dental Partners Trading Down 1.3%

Park Dental Partners stock traded down $0.25 during trading on Friday, reaching $18.95. 77,201 shares of the company were exchanged, compared to its average volume of 33,421. The stock’s 50 day simple moving average is $20.72 and its two-hundred day simple moving average is $19.38. The company has a market capitalization of $90.20 million and a P/E ratio of 18.05. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.12 and a quick ratio of 1.12. Park Dental Partners has a 52-week low of $9.53 and a 52-week high of $26.79.

Park Dental Partners (NASDAQ:PARK – Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.62. The company had revenue of $66.21 million during the quarter. On average, equities research analysts expect that Park Dental Partners will post 0.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on PARK. Northland Securities set a $27.00 target price on shares of Park Dental Partners in a research note on Thursday, August 13th. Wall Street Zen raised shares of Park Dental Partners from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Craig Hallum restated a “buy” rating and set a $30.00 price target on shares of Park Dental Partners in a research report on Friday, August 14th. Finally, Weiss Ratings raised shares of Park Dental Partners from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $28.50.

Check Out Our Latest Stock Report on Park Dental Partners

Park Dental Partners Company Profile

(Get Free Report)

Park Dental Partners, Inc is a dental support organization that provides business, administrative and operational support to affiliated dental practices. The company enables dentists and dental teams to focus on patient care while Park Dental Partners manages functions such as practice administration, technology, human resources, marketing, purchasing and other nonclinical activities.

Through its affiliated practices, the company offers a range of oral health services, including general dentistry and specialty care.

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