Park Dental Partners, Inc. (NASDAQ:PARK) Short Interest Down 71.1% in June

Park Dental Partners, Inc. (NASDAQ:PARK) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 5,785 shares, a decline of 71.1% from the May 31st total of 19,988 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 32,991 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Park Dental Partners

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Kennedy Capital Management LLC acquired a new position in Park Dental Partners in the 4th quarter valued at about $3,478,000. Heartland Advisors Inc. lifted its position in Park Dental Partners by 24.3% during the first quarter. Heartland Advisors Inc. now owns 189,539 shares of the company’s stock worth $3,180,000 after acquiring an additional 37,039 shares during the last quarter. Pacific Ridge Capital Partners LLC bought a new stake in shares of Park Dental Partners during the fourth quarter worth approximately $2,316,000. Russell Investments Group Ltd. acquired a new position in shares of Park Dental Partners in the fourth quarter valued at approximately $1,522,000. Finally, Boston Partners acquired a new position in shares of Park Dental Partners in the fourth quarter valued at approximately $576,000.

Park Dental Partners Stock Performance

Shares of PARK traded up $1.66 during mid-day trading on Monday, reaching $21.14. The company’s stock had a trading volume of 32,627 shares, compared to its average volume of 35,037. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.38. Park Dental Partners has a 1-year low of $9.53 and a 1-year high of $22.62. The business’s 50-day moving average price is $18.29.

Park Dental Partners (NASDAQ:PARK) last posted its quarterly earnings results on Wednesday, March 25th. The company reported $0.30 earnings per share for the quarter. The business had revenue of $61.21 million during the quarter. On average, equities research analysts expect that Park Dental Partners will post 0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

PARK has been the subject of several recent analyst reports. Wall Street Zen raised Park Dental Partners from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. Zacks Research downgraded shares of Park Dental Partners from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Finally, Weiss Ratings upgraded shares of Park Dental Partners from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, June 9th. Two 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.75.

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.