Park Dental Partners, Inc. (NASDAQ:PARK) Sees Large Growth in Short Interest

Park Dental Partners, Inc. (NASDAQ:PARK) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 8,971 shares, an increase of 54.2% from the July 15th total of 5,816 shares. Based on an average daily volume of 15,893 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the company’s stock are short sold.

Park Dental Partners Stock Performance

Shares of PARK stock opened at $21.94 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.12 and a quick ratio of 1.12. The company’s fifty day moving average price is $19.70 and its two-hundred day moving average price is $18.58. The firm has a market capitalization of $99.17 million and a P/E ratio of 29.65. Park Dental Partners has a 12 month low of $9.53 and a 12 month high of $26.79.

Park Dental Partners (NASDAQ:PARK) last announced its earnings results on Wednesday, August 12th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.62. The business had revenue of $66.21 million for the quarter. On average, research analysts anticipate that Park Dental Partners will post 0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Park Dental Partners

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Park Dental Partners in the second quarter worth $120,000. Sei Investments Co. increased its position in shares of Park Dental Partners by 100.0% in the 1st quarter. Sei Investments Co. now owns 34,766 shares of the company’s stock worth $583,000 after purchasing an additional 17,383 shares during the last quarter. Heartland Advisors Inc. raised its stake in shares of Park Dental Partners by 24.3% in the 1st quarter. Heartland Advisors Inc. now owns 189,539 shares of the company’s stock valued at $3,180,000 after purchasing an additional 37,039 shares in the last quarter. Boston Partners bought a new position in shares of Park Dental Partners during the fourth quarter worth about $576,000. Finally, Punch & Associates Investment Management Inc. acquired a new position in Park Dental Partners in the second quarter worth about $1,444,000.

Wall Street Analyst Weigh In

PARK has been the topic of several research reports. Northland Securities set a $27.00 price objective on Park Dental Partners in a research report on Thursday, August 13th. Wall Street Zen raised Park Dental Partners from a “hold” rating to a “buy” rating in a research report on Saturday. Craig Hallum reiterated a “buy” rating and issued a $30.00 target price on shares of Park Dental Partners in a research note on Friday. Weiss Ratings upgraded Park Dental Partners from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, June 9th. Finally, Zacks Research lowered Park Dental Partners from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.50.

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.