Heartland Advisors Inc. Takes Position in Park Dental Partners, Inc. $PARK

Heartland Advisors Inc. bought a new position in shares of Park Dental Partners, Inc. (NASDAQ:PARK) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 200,000 shares of the company’s stock, valued at approximately $4,310,000.

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Park Dental Partners during the second quarter worth about $120,000. Sei Investments Co. raised its position in shares of Park Dental Partners by 100.0% in the 1st 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 in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Park Dental Partners during the 4th quarter worth approximately $1,522,000. Kennedy Capital Management LLC acquired a new stake in shares of Park Dental Partners during the 4th quarter worth approximately $3,478,000. Finally, Boston Partners bought a new position in Park Dental Partners in the fourth quarter valued at approximately $576,000.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PARK shares. Zacks Research downgraded Park Dental Partners from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Craig Hallum reiterated a “buy” rating and issued a $30.00 target price on shares of Park Dental Partners in a research report on Friday, August 14th. Northland Securities set a $27.00 target price on shares of Park Dental Partners in a report on Thursday, August 13th. Wall Street Zen upgraded shares of Park Dental Partners from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.50.

Park Dental Partners Stock Performance

Shares of Park Dental Partners stock opened at $20.61 on Friday. The stock has a market cap of $98.10 million and a price-to-earnings ratio of 19.63. Park Dental Partners, Inc. has a twelve month low of $9.53 and a twelve month high of $26.79. The company’s fifty day moving average is $19.90 and its 200 day moving average is $18.66. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.31.

Park Dental Partners (NASDAQ:PARK) last announced its earnings results on Wednesday, August 12th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.04 by $0.62. The company had revenue of $66.21 million for the quarter. Sell-side analysts forecast that Park Dental Partners, Inc. will post 0.36 EPS for the current year.

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.