Short Interest in Park Dental Partners, Inc. (NASDAQ:PARK) Decreases By 71.1%
by Kim Johansen · The Markets DailyPark Dental Partners, Inc. (NASDAQ:PARK – Get Free Report) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 5,785 shares, a decline of 71.1% from the May 31st total of 19,988 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 32,991 shares, the days-to-cover ratio is currently 0.2 days.
Wall Street Analyst Weigh In
PARK has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Park Dental Partners from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Zacks Research lowered shares of Park Dental Partners from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Finally, Weiss Ratings raised shares of Park Dental Partners from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Park Dental Partners has an average rating of “Moderate Buy” and an average price target of $21.75.
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Institutional Investors Weigh In On Park Dental Partners
A number of large investors have recently made changes to their positions in PARK. Pacific Ridge Capital Partners LLC purchased a new position in Park Dental Partners in the 4th quarter worth $2,316,000. Kennedy Capital Management LLC purchased a new stake in Park Dental Partners during the 4th quarter valued at about $3,478,000. Heartland Advisors Inc. purchased a new stake in Park Dental Partners during the 4th quarter valued at about $2,251,000. Russell Investments Group Ltd. acquired a new position in shares of Park Dental Partners in the fourth quarter valued at about $1,522,000. Finally, Boston Partners purchased a new position in shares of Park Dental Partners in the fourth quarter worth about $576,000.
Park Dental Partners Price Performance
PARK stock traded up $1.24 on Friday, hitting $19.49. 54,565 shares of the company’s stock were exchanged, compared to its average volume of 32,570. The stock’s 50 day simple moving average is $18.29. Park Dental Partners has a 12-month low of $9.53 and a 12-month high of $22.62.
Park Dental Partners (NASDAQ:PARK – Get Free Report) last released its quarterly earnings results on Wednesday, March 25th. The company reported $0.30 EPS for the quarter. The business had revenue of $61.21 million during the quarter. As a group, equities research analysts anticipate that Park Dental Partners will post 0.36 earnings per share for the current year.
About Park Dental Partners
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.