Park Dental Partners (NASDAQ:PARK) Announces Quarterly Earnings Results

Park Dental Partners (NASDAQ:PARK) announced its quarterly earnings data on Wednesday. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.27, Zacks reports.

Park Dental Partners Price Performance

Park Dental Partners stock traded up $0.09 during midday trading on Wednesday, reaching $20.89. The company’s stock had a trading volume of 17,072 shares, compared to its average volume of 33,108. The firm has a market capitalization of $94.42 million and a PE ratio of 28.23. Park Dental Partners has a fifty-two week low of $9.53 and a fifty-two week high of $22.67. The stock’s 50 day simple moving average is $19.36 and its 200 day simple moving average is $18.47. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.07 and a current ratio of 1.07.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Zacks Research downgraded 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 research report on Tuesday, June 9th. Finally, Wall Street Zen lowered Park Dental Partners from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Park Dental Partners has an average rating of “Moderate Buy” and an average price target of $21.75.

Institutional Trading of Park Dental Partners

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kennedy Capital Management LLC acquired a new position in Park Dental Partners during the fourth quarter worth about $3,478,000. Heartland Advisors Inc. purchased a new stake in shares of Park Dental Partners during the 4th quarter worth approximately $2,251,000. Russell Investments Group Ltd. acquired a new stake in shares of Park Dental Partners in the 4th quarter worth approximately $1,522,000. Finally, Boston Partners acquired a new stake in shares of Park Dental Partners in the 4th quarter worth approximately $576,000.

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.