Park Dental Partners (NASDAQ:PARK) Announces Earnings Results

Park Dental Partners (NASDAQ:PARK) announced its earnings results 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 Stock Performance

PARK stock traded up $0.09 during midday trading on Wednesday, reaching $20.89. 17,072 shares of the company’s stock traded hands, 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. The company has a 50-day moving average price of $19.36 and a two-hundred day moving average price of $18.47. Park Dental Partners has a 52 week low of $9.53 and a 52 week high of $22.67. 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 commented on PARK shares. Wall Street Zen lowered shares of Park Dental Partners from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. 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 lowered Park Dental Partners from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $21.75.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Kennedy Capital Management LLC bought a new stake in shares of Park Dental Partners during the fourth quarter valued at about $3,478,000. Heartland Advisors Inc. bought a new position in shares of Park Dental Partners in the fourth quarter valued at approximately $2,251,000. Russell Investments Group Ltd. purchased a new position in Park Dental Partners during the fourth quarter valued at approximately $1,522,000. Finally, Boston Partners purchased a new position in Park Dental Partners during the fourth quarter valued at 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.