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

Park Dental Partners, Inc. (NASDAQ:PARK) was the recipient of a significant increase in short interest in the month of 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. Based on an average daily volume of 29,327 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.6% of the company’s shares are sold short.

Park Dental Partners Trading Down 0.4%

Shares of NASDAQ PARK traded down $0.08 during midday trading on Thursday, hitting $18.92. The stock had a trading volume of 17,413 shares, compared to its average volume of 33,038. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.31. Park Dental Partners has a 1-year low of $9.53 and a 1-year high of $26.79. The company has a market capitalization of $90.06 million and a price-to-earnings ratio of 18.14. The company has a fifty day moving average price of $20.77 and a 200 day moving average price of $19.36.

Park Dental Partners (NASDAQ:PARK) last posted its earnings results on Wednesday, August 12th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.62. The business had revenue of $66.21 million for the quarter. On average, analysts predict that Park Dental Partners will post 0.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PARK has been the subject of several research analyst reports. Northland Securities set a $27.00 price target on shares of Park Dental Partners in a research report on Thursday, August 13th. Craig Hallum reiterated a “buy” rating and issued a $30.00 price target on shares of Park Dental Partners in a report on Friday, August 14th. 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. Finally, Weiss Ratings upgraded Park Dental Partners from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $28.50.

Hedge Funds Weigh In On Park Dental Partners

A number of hedge funds have recently made changes to their positions in PARK. BlackRock Inc. acquired a new position in shares of Park Dental Partners during the 2nd quarter valued at $120,000. Sei Investments Co. boosted its position in Park Dental Partners by 100.0% during 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 period. Punch & Associates Investment Management Inc. acquired a new stake in Park Dental Partners in the 2nd quarter valued at $1,444,000. Finally, Heartland Advisors Inc. raised its position in Park Dental Partners by 24.3% in the first 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 during the period.

Park Dental Partners Company Profile

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.