Park Dental Partners, Inc. (NASDAQ:PARK) Short Interest Update

Park Dental Partners, Inc. (NASDAQ:PARK) saw a significant 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. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 15,893 shares, the days-to-cover ratio is currently 0.6 days.

Park Dental Partners Stock Down 3.4%

Shares of NASDAQ PARK opened at $21.20 on Thursday. Park Dental Partners has a 12-month low of $9.53 and a 12-month high of $26.79. The firm’s 50-day simple moving average is $19.77 and its 200 day simple moving average is $18.60. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.31. The company has a market cap of $100.91 million and a price-to-earnings ratio of 28.65.

Park Dental Partners (NASDAQ:PARK) last posted its quarterly earnings data 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 company had revenue of $66.21 million during the quarter. On average, research analysts expect that Park Dental Partners will post 0.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PARK. BlackRock Inc. bought a new position in Park Dental Partners in the 2nd quarter valued at $120,000. Boston Partners bought a new stake in shares of Park Dental Partners during the fourth quarter worth $576,000. Sei Investments Co. lifted its stake in shares of Park Dental Partners by 100.0% during the first quarter. Sei Investments Co. now owns 34,766 shares of the company’s stock valued at $583,000 after acquiring an additional 17,383 shares during the period. Punch & Associates Investment Management Inc. bought a new position in Park Dental Partners in the second quarter valued at about $1,444,000. Finally, Russell Investments Group Ltd. acquired a new stake in Park Dental Partners in the fourth quarter worth about $1,522,000.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Craig Hallum reaffirmed a “buy” rating and issued a $30.00 target price on shares of Park Dental Partners in a report on Friday, August 14th. Northland Securities set a $27.00 price target on shares of Park Dental Partners in a research report 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. Weiss Ratings raised shares of Park Dental Partners from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, June 9th. Finally, Zacks Research downgraded Park Dental Partners from a “strong-buy” rating to a “hold” rating in a 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.50.

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.