Park Dental Partners (NASDAQ:PARK) Cut to Hold at Wall Street Zen

Park Dental Partners (NASDAQ:PARK) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other analysts also recently commented on the company. Northland Securities set a $27.00 price target on Park Dental Partners in a research report on Thursday, August 13th. Craig Hallum reissued a “buy” rating and issued a $30.00 price objective on shares of Park Dental Partners in a research report on Friday, August 14th. Finally, Weiss Ratings upgraded Park Dental Partners from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.50.

Park Dental Partners Trading Up 1.4%

NASDAQ:PARK opened at $21.49 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $102.18 million and a price-to-earnings ratio of -11.25. Park Dental Partners has a 52 week low of $9.53 and a 52 week high of $26.79. The firm has a 50-day moving average price of $20.34 and a two-hundred day moving average price of $19.14.

Park Dental Partners (NASDAQ:PARK) last posted its earnings results on Thursday, November 12th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.03 by $0.54. Park Dental Partners had a negative net margin of 1.21% and a positive return on equity of 30.03%. The firm had revenue of $64.93 million for the quarter. On average, equities analysts expect that Park Dental Partners will post 0.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PARK. BlackRock Inc. purchased a new stake in shares of Park Dental Partners during the 2nd quarter worth approximately $120,000. Bleakley Financial Group LLC bought a new position in Park Dental Partners during the third quarter valued at $483,000. Marshall Wace LLP grew its holdings in Park Dental Partners by 28.9% during the third quarter. Marshall Wace LLP now owns 31,918 shares of the company’s stock valued at $649,000 after purchasing an additional 7,163 shares during the period. Sei Investments Co. raised its stake in shares of Park Dental Partners by 100.0% in the first quarter. Sei Investments Co. now owns 34,766 shares of the company’s stock valued at $583,000 after buying an additional 17,383 shares during the period. Finally, Punch & Associates Investment Management Inc. bought a new stake in shares of Park Dental Partners in the second quarter valued at $1,444,000.

About Park Dental Partners

Park Dental Partners is a dental support organization that provides business, administrative and operational services to affiliated dental practices. Its support includes functions such as staffing, technology, marketing and practice operations, allowing dental professionals to focus on patient care. Affiliated practices provide general and specialty dental services, including preventive and restorative care. The company’s network is concentrated in Minnesota and also serves patients in Wisconsin.