Park Dental Partners, Inc. (NASDAQ:PARK) Shares Shorted: Short Interest Up 70.6% in September

Park Dental Partners, Inc. (NASDAQ:PARK) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 23,756 shares, a growth of 70.6% from the September 15th total of 13,922 shares. Based on an average daily volume of 29,327 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.6% of the shares of the company are short sold.

Analyst Ratings Changes

PARK has been the subject of several analyst reports. Northland Securities set a $27.00 price objective on Park Dental Partners in a research report on Thursday, August 13th. Wall Street Zen upgraded Park Dental Partners from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Weiss Ratings upgraded Park Dental Partners from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, September 1st. Finally, Craig Hallum reaffirmed a “buy” rating and set a $30.00 target price on shares of Park Dental Partners in a research note on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Park Dental Partners presently has an average rating of “Moderate Buy” and a consensus target price of $28.50.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PARK. Punch & Associates Investment Management Inc. bought a new stake in Park Dental Partners during the second quarter worth approximately $1,444,000. Heartland Advisors Inc. bought a new position in Park Dental Partners during the 2nd quarter valued at $4,310,000. BlackRock Inc. bought a new position in Park Dental Partners during the 2nd quarter valued at $120,000. Finally, Sei Investments Co. increased its position in shares of 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 Price Performance

PARK traded down $0.25 on Friday, reaching $18.95. The company had a trading volume of 77,201 shares, compared to its average volume of 29,468. The company has a fifty day moving average of $20.68 and a 200-day moving average of $19.38. The company has a market capitalization of $90.11 million and a P/E ratio of 18.05. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.31. Park Dental Partners has a one year low of $9.53 and a one year high of $26.79.

Park Dental Partners (NASDAQ:PARK) last released its 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. As a group, equities research analysts anticipate that Park Dental Partners will post 0.35 earnings per share for the current year.

Park Dental Partners Company Profile

Park Dental Partners, Inc is a dental support organization that provides business, administrative and operational support to affiliated dental practices. The company enables dentists and dental teams to focus on patient care while Park Dental Partners manages functions such as practice administration, technology, human resources, marketing, purchasing and other nonclinical activities.

Through its affiliated practices, the company offers a range of oral health services, including general dentistry and specialty care.