Park Dental Partners, Inc. $PARK Shares Purchased by Heartland Advisors Inc.

Heartland Advisors Inc. boosted its stake in Park Dental Partners, Inc. (NASDAQ:PARK) by 24.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,539 shares of the company’s stock after purchasing an additional 37,039 shares during the period. Heartland Advisors Inc. owned approximately 4.19% of Park Dental Partners worth $3,180,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Pacific Ridge Capital Partners LLC purchased a new stake in shares of Park Dental Partners during the 4th quarter valued at about $2,316,000. Boston Partners purchased a new position in shares of Park Dental Partners in the fourth quarter valued at $576,000. Kennedy Capital Management LLC acquired a new stake in Park Dental Partners during the 4th quarter valued at $3,478,000. Finally, Russell Investments Group Ltd. purchased a new stake in Park Dental Partners during the 4th quarter worth $1,522,000.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PARK shares. Wall Street Zen raised Park Dental Partners from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Zacks Research lowered Park Dental Partners from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Finally, Weiss Ratings raised Park Dental Partners from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $21.75.

Park Dental Partners Stock Performance

PARK opened at $19.46 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $19.08 and its 200-day moving average is $17.93. The stock has a market cap of $87.96 million and a PE ratio of 26.30. Park Dental Partners, Inc. has a twelve month low of $9.53 and a twelve month high of $22.67.

Park Dental Partners (NASDAQ:PARK) last posted its 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. On average, analysts predict that Park Dental Partners, Inc. will post 0.36 earnings per share for the current year.

Park Dental Partners 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.