Park Dental Partners (NASDAQ:PARK) Announces Quarterly Earnings Results
by Sarita Garza · The Markets DailyPark Dental Partners (NASDAQ:PARK – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.27, Zacks reports.
Park Dental Partners Price Performance
Park Dental Partners stock traded up $0.09 during midday trading on Wednesday, reaching $20.89. The company’s stock had a trading volume of 17,072 shares, compared to its average volume of 33,108. The firm has a market capitalization of $94.42 million and a PE ratio of 28.23. Park Dental Partners has a fifty-two week low of $9.53 and a fifty-two week high of $22.67. The stock’s 50 day simple moving average is $19.36 and its 200 day simple moving average is $18.47. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.07 and a current ratio of 1.07.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the stock. Zacks Research downgraded shares of Park Dental Partners from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Weiss Ratings upgraded shares of Park Dental Partners from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, June 9th. Finally, Wall Street Zen lowered Park Dental Partners from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Park Dental Partners has an average rating of “Moderate Buy” and an average price target of $21.75.
Get Our Latest Analysis on Park Dental Partners
Institutional Trading of Park Dental Partners
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kennedy Capital Management LLC acquired a new position in Park Dental Partners during the fourth quarter worth about $3,478,000. Heartland Advisors Inc. purchased a new stake in shares of Park Dental Partners during the 4th quarter worth approximately $2,251,000. Russell Investments Group Ltd. acquired a new stake in shares of Park Dental Partners in the 4th quarter worth approximately $1,522,000. Finally, Boston Partners acquired a new stake in shares of Park Dental Partners in the 4th quarter worth approximately $576,000.
Park Dental Partners Company Profile
Park Dental Partners (NASDAQ: PARK) is a dental support organization that provides business and administrative services to affiliated dental practices. The company focuses on enabling dental clinicians to concentrate on patient care by delivering centralized non-clinical functions that support day-to-day operations and practice growth.
Services typically offered by Park Dental Partners include practice management, billing and revenue cycle management, procurement and supply-chain support, information technology, human resources, marketing and patient acquisition, and regulatory and compliance assistance.