Park Dental Partners (NASDAQ:PARK) Releases Earnings Results, Beats Expectations By $0.37 EPS

Park Dental Partners (NASDAQ:PARK) released its quarterly earnings data on Wednesday. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.37, Zacks reports.

Park Dental Partners Stock Up 4.4%

Shares of NASDAQ:PARK traded up $0.85 on Wednesday, hitting $20.32. The company had a trading volume of 39,471 shares, compared to its average volume of 47,402. Park Dental Partners has a 52-week low of $9.53 and a 52-week high of $21.59. The business has a 50 day moving average of $16.34.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Boston Partners acquired a new stake in shares of Park Dental Partners during the 4th quarter worth about $576,000. Russell Investments Group Ltd. acquired a new position in shares of Park Dental Partners in the fourth quarter valued at approximately $1,522,000. Heartland Advisors Inc. purchased a new position in shares of Park Dental Partners during the fourth quarter valued at approximately $2,251,000. Finally, Kennedy Capital Management LLC purchased a new position in shares of Park Dental Partners during the fourth quarter valued at approximately $3,478,000.

Analysts Set New Price Targets

Several research firms have weighed in on PARK. Craig Hallum assumed coverage on Park Dental Partners in a report on Tuesday, January 6th. They issued a “buy” rating and a $22.00 target price on the stock. Wall Street Zen raised shares of Park Dental Partners to a “hold” rating in a research note on Monday, December 15th. Northland Securities initiated coverage on shares of Park Dental Partners in a report on Monday, January 5th. They set an “outperform” rating and a $21.50 target price for the company. Finally, Zacks Research raised shares of Park Dental Partners to a “hold” rating in a report on Tuesday, January 6th. Two research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $21.75.

Park Dental Partners Company 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.