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

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kennedy Capital Management LLC bought a new position in Park Dental Partners in the fourth quarter valued at $3,478,000. Heartland Advisors Inc. bought a new stake in Park Dental Partners during the second quarter worth about $4,310,000. Pacific Ridge Capital Partners LLC purchased a new position in shares of Park Dental Partners in the 4th quarter worth about $2,316,000. Russell Investments Group Ltd. bought a new position in shares of Park Dental Partners during the 4th quarter valued at about $1,522,000. Finally, Punch & Associates Investment Management Inc. bought a new position in shares of Park Dental Partners during the 2nd quarter valued at about $1,444,000.

Park Dental Partners Stock Down 1.6%

Shares of NASDAQ PARK opened at $22.51 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average of $19.62 and a 200-day moving average of $18.54. The firm has a market capitalization of $101.76 million and a price-to-earnings ratio of 30.64. Park Dental Partners has a 12 month low of $9.53 and a 12 month high of $26.79.

Park Dental Partners (NASDAQ:PARK) last announced its earnings results on Wednesday, August 12th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.62. The company had revenue of $66.21 million during the quarter. Sell-side analysts expect that Park Dental Partners will post 0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Craig Hallum reiterated a “buy” rating and set a $30.00 price target on shares of Park Dental Partners in a research report on Friday. Wall Street Zen raised shares of Park Dental Partners from a “hold” rating to a “buy” rating in a research note on Saturday. Northland Securities set a $27.00 target price on shares of Park Dental Partners in a report on Thursday. 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 cut shares of 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 given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.