Park Dental Partners (NASDAQ:PARK) Releases Earnings Results, Beats Estimates By $0.54 EPS

Park Dental Partners (NASDAQ:PARK) released its quarterly earnings data on Thursday. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.54, FiscalAI reports. The business had revenue of $64.93 million for the quarter.

Park Dental Partners Price Performance

Shares of Park Dental Partners stock traded down $0.88 during midday trading on Thursday, hitting $21.19. The company’s stock had a trading volume of 6,576 shares, compared to its average volume of 48,799. Park Dental Partners has a 1-year low of $9.53 and a 1-year 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 stock has a 50-day simple moving average of $20.32 and a 200-day simple moving average of $19.13.

Hedge Funds Weigh In On Park Dental Partners

Several institutional investors and hedge funds have recently modified their holdings of PARK. Punch & Associates Investment Management Inc. purchased a new stake in shares of Park Dental Partners during the 2nd quarter worth about $1,444,000. Heartland Advisors Inc. acquired a new position in Park Dental Partners in the second quarter worth approximately $4,310,000. BlackRock Inc. bought a new position in Park Dental Partners during the second quarter valued at approximately $120,000. Finally, Sei Investments Co. raised its position in Park Dental Partners by 100.0% during the first quarter. Sei Investments Co. now owns 34,766 shares of the company’s stock valued at $583,000 after acquiring an additional 17,383 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Park Dental Partners from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Craig Hallum restated a “buy” rating and issued a $30.00 target price on shares of Park Dental Partners in a research report on Friday, August 14th. Weiss Ratings raised shares of Park Dental Partners from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 1st. Finally, Northland Securities set a $27.00 price target on Park Dental Partners in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.50.

Park Dental Partners Company Profile

Park Dental Partners, Inc. is a dental support organization that provides business and administrative services to affiliated dental practices. The company supports clinical providers with functions such as practice operations, human resources, finance, information technology, marketing, procurement and compliance, allowing dentists to focus on patient care. Through its affiliated practices, Park Dental Partners offers a broad range of oral healthcare services, including general dentistry and specialty care.