Park Dental Partners, Inc.’s Lock-Up Period Will End on June 1st (NASDAQ:PARK)

Park Dental Partners’ (NASDAQ:PARK) lock-up period will end on Monday, June 1st. Park Dental Partners had issued 1,535,000 shares in its initial public offering on December 3rd. The total size of the offering was $19,955,000 based on an initial share price of $13.00. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

PARK has been the subject of several recent analyst reports. Wall Street Zen lowered shares of Park Dental Partners from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Zacks Research upgraded shares of Park Dental Partners from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. 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, May 12th. Three analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Park Dental Partners currently has an average rating of “Buy” and a consensus price target of $21.75.

Park Dental Partners Price Performance

PARK opened at $18.58 on Monday. The firm’s 50-day moving average is $17.54. Park Dental Partners has a fifty-two week low of $9.53 and a fifty-two week high of $21.59.

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 company had revenue of $61.21 million for the quarter. Analysts predict that Park Dental Partners will post 1.59 earnings per share for the current year.

Hedge Funds Weigh In On Park Dental Partners

Several institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. grew 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 buying an additional 17,383 shares during the period. Heartland Advisors Inc. grew 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 valued at $3,180,000 after buying an additional 37,039 shares during the period. Russell Investments Group Ltd. bought a new position in Park Dental Partners during the fourth quarter valued at about $1,522,000. Kennedy Capital Management LLC bought a new position in Park Dental Partners during the fourth quarter valued at about $3,478,000. Finally, Boston Partners bought a new position in Park Dental Partners during the fourth quarter valued at about $576,000.

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.