Park Dental Partners, Inc. (NASDAQ:PARK) Shares Shorted: Short Interest Up 89.5% in September

Park Dental Partners, Inc. (NASDAQ:PARK) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 13,922 shares, an increase of 89.5% from the August 31st total of 7,348 shares. Based on an average trading volume of 54,767 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company’s stock are sold short.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Craig Hallum reaffirmed a “buy” rating and set a $30.00 price target on shares of Park Dental Partners in a research note on Friday, August 14th. Weiss Ratings raised Park Dental Partners from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, September 1st. Wall Street Zen raised shares of Park Dental Partners from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Zacks Research lowered shares of Park Dental Partners from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Finally, Northland Securities set a $27.00 target price on shares of Park Dental Partners in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $28.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Punch & Associates Investment Management Inc. bought a new stake in Park Dental Partners during the second quarter valued at about $1,444,000. Heartland Advisors Inc. bought a new position in shares of Park Dental Partners in the second quarter worth about $4,310,000. BlackRock Inc. acquired a new position in shares of Park Dental Partners during the 2nd quarter worth about $120,000. Finally, Sei Investments Co. boosted its stake in Park Dental Partners by 100.0% during the 1st quarter. Sei Investments Co. now owns 34,766 shares of the company’s stock valued at $583,000 after purchasing an additional 17,383 shares during the period.

Park Dental Partners Stock Down 0.7%

PARK opened at $19.77 on Tuesday. The business has a 50 day moving average price of $20.43 and a 200 day moving average price of $19.06. Park Dental Partners has a twelve month low of $9.53 and a twelve month high of $26.79. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $94.11 million and a P/E ratio of 18.83.

Park Dental Partners (NASDAQ:PARK) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.04 by $0.62. The company had revenue of $66.21 million for the quarter. Research analysts forecast that Park Dental Partners will post 0.35 EPS for the current year.

About Park Dental Partners

Park Dental Partners (NASDAQ:PARK) is a dental support organization that provides business and administrative services to affiliated dental practices. Its support platform is designed to help dentists manage practice operations while focusing on patient care.

The company’s services may include practice administration, human resources, recruiting, information technology, marketing, purchasing, compliance, and operational support. Through its affiliated practices, Park Dental Partners serves patients seeking general and specialty dental care, including preventive, restorative, cosmetic, pediatric, and orthodontic services.

Park Dental Partners is associated with the Park Dental network, a dental practice organization established in Minnesota.