Park Dental Partners (NASDAQ:PARK) Rating Lowered to Hold at Zacks Research

Park Dental Partners (NASDAQ:PARK) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other equities analysts have also weighed in on PARK. Weiss Ratings lowered Park Dental Partners from a “sell (e+)” rating to a “sell (e)” rating in a research report on Wednesday, May 27th. Wall Street Zen lowered Park Dental Partners from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.75.

Park Dental Partners Price Performance

NASDAQ:PARK opened at $18.64 on Wednesday. Park Dental Partners has a 1-year low of $9.53 and a 1-year high of $22.62. The company has a fifty day moving average of $17.99.

Park Dental Partners (NASDAQ:PARK) last released its quarterly earnings results on Wednesday, March 25th. The company reported $0.30 earnings per share for the quarter. The company had revenue of $61.21 million during the quarter. Research analysts expect that Park Dental Partners will post 0.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Park Dental Partners

A number of institutional investors have recently bought and sold shares of the business. Sei Investments Co. boosted 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 acquiring an additional 17,383 shares during the period. Heartland Advisors Inc. boosted its position in Park Dental Partners by 24.3% during the 1st quarter. Heartland Advisors Inc. now owns 189,539 shares of the company’s stock worth $3,180,000 after acquiring an additional 37,039 shares during the period. Boston Partners acquired a new stake in Park Dental Partners during the 4th quarter worth about $576,000. Russell Investments Group Ltd. acquired a new stake in Park Dental Partners during the 4th quarter worth about $1,522,000. Finally, Pacific Ridge Capital Partners LLC acquired a new stake in Park Dental Partners during the 4th quarter worth about $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.