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

Wall Street Zen cut shares of Park Dental Partners (NASDAQ:PARK) from a buy rating to a hold rating in a research note published on Saturday morning.

A number of other research analysts have also recently weighed in on PARK. Zacks Research cut shares of Park Dental Partners from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Weiss Ratings upgraded shares of Park Dental Partners from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, June 9th. Two analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Park Dental Partners has a consensus rating of “Moderate Buy” and a consensus price target of $21.75.

Park Dental Partners Stock Performance

Shares of Park Dental Partners stock opened at $19.73 on Friday. The stock has a market capitalization of $89.18 million and a price-to-earnings ratio of 26.66. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.07 and a quick ratio of 1.07. The business has a 50-day moving average of $19.21 and a 200 day moving average of $18.14. Park Dental Partners has a 12 month low of $9.53 and a 12 month high of $22.67.

Park Dental Partners (NASDAQ:PARK) last issued its quarterly earnings results on Wednesday, March 25th. The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $61.21 million for the quarter. As a group, sell-side analysts forecast that Park Dental Partners will post 0.36 earnings per share for the current year.

Institutional Investors Weigh In On Park Dental Partners

A number of hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. increased 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. Heartland Advisors Inc. lifted its holdings in shares of Park Dental Partners by 24.3% in the 1st quarter. Heartland Advisors Inc. now owns 189,539 shares of the company’s stock valued at $3,180,000 after buying an additional 37,039 shares during the period. Boston Partners acquired a new stake in shares of Park Dental Partners in the 4th quarter valued at approximately $576,000. Russell Investments Group Ltd. purchased a new stake in shares of Park Dental Partners in the fourth quarter valued at approximately $1,522,000. Finally, Pacific Ridge Capital Partners LLC purchased a new stake in shares of Park Dental Partners in the fourth quarter valued at approximately $2,316,000.

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.