Park Dental Partners, Inc. (NASDAQ:PARK) Sees Significant Decrease in Short Interest

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wall Street Zen upgraded Park Dental Partners from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Weiss Ratings upgraded Park Dental Partners from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, June 9th. Finally, Zacks Research downgraded Park Dental Partners from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.75.

Park Dental Partners Price Performance

Shares of PARK stock opened at $19.49 on Friday. The company has a 50 day moving average of $18.29. Park Dental Partners has a 52 week low of $9.53 and a 52 week high of $22.62.

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

Institutional Investors Weigh In On Park Dental Partners

Institutional investors have recently added to or reduced their stakes in the company. Kennedy Capital Management LLC acquired a new stake in shares of Park Dental Partners in the fourth quarter valued at $3,478,000. Heartland Advisors Inc. grew its holdings 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 period. Pacific Ridge Capital Partners LLC acquired a new position in Park Dental Partners during the fourth quarter worth about $2,316,000. Russell Investments Group Ltd. bought a new stake in Park Dental Partners in the fourth quarter worth about $1,522,000. Finally, Boston Partners bought a new stake in Park Dental Partners in the fourth quarter worth 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.