Heartland Advisors Inc. Invests $4.31 Million in Park Dental Partners, Inc. $PARK

Heartland Advisors Inc. bought a new position in Park Dental Partners, Inc. (NASDAQ:PARK) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 200,000 shares of the company’s stock, valued at approximately $4,310,000. Heartland Advisors Inc. owned 4.42% of Park Dental Partners at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Park Dental Partners during the second quarter worth about $120,000. Boston Partners acquired a new position in Park Dental Partners during the 4th quarter worth approximately $576,000. Sei Investments Co. grew its stake 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 worth $583,000 after acquiring an additional 17,383 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Park Dental Partners in the fourth quarter valued at approximately $1,522,000. Finally, Pacific Ridge Capital Partners LLC acquired a new stake in shares of Park Dental Partners in the fourth quarter valued at approximately $2,316,000.

Analyst Upgrades and Downgrades

PARK has been the subject of a number of analyst reports. Craig Hallum reaffirmed a “buy” rating and issued a $30.00 target price on shares of Park Dental Partners in a research report on Friday, August 14th. Northland Securities set a $27.00 price objective on Park Dental Partners in a report on Thursday, August 13th. Zacks Research lowered Park Dental Partners from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Wall Street Zen upgraded Park Dental Partners from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings raised Park Dental Partners from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.50.

Park Dental Partners Price Performance

NASDAQ:PARK opened at $20.61 on Friday. The company has a market cap of $98.10 million and a P/E ratio of 19.63. The firm’s fifty day moving average price is $19.90 and its two-hundred day moving average price is $18.66. Park Dental Partners, Inc. has a one year low of $9.53 and a one year high of $26.79. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.12 and a quick ratio of 1.12.

Park Dental Partners (NASDAQ:PARK) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.62. The firm had revenue of $66.21 million for the quarter. Equities analysts expect that Park Dental Partners, Inc. will post 0.36 earnings per share 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. 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.