Punch & Associates Investment Management Inc. Takes $1.44 Million Position in Park Dental Partners, Inc. $PARK

Punch & Associates Investment Management Inc. bought a new position in shares of Park Dental Partners, Inc. (NASDAQ:PARK) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 67,020 shares of the company’s stock, valued at approximately $1,444,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Park Dental Partners during the 2nd quarter valued at $120,000. Boston Partners bought a new stake in shares of Park Dental Partners in the 4th quarter worth $576,000. Sei Investments Co. lifted its holdings in shares of Park Dental Partners by 100.0% in 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. Russell Investments Group Ltd. acquired a new stake in shares of Park Dental Partners in the fourth quarter valued at $1,522,000. Finally, Heartland Advisors Inc. bought a new position in Park Dental Partners during the fourth quarter valued at about $2,251,000.

Analyst Ratings Changes

A number of brokerages have weighed in on PARK. Wall Street Zen raised shares of Park Dental Partners from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Craig Hallum reaffirmed a “buy” rating and issued a $30.00 price target on shares of Park Dental Partners in a report on Friday, August 14th. Zacks Research downgraded Park Dental Partners from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Northland Securities set a $27.00 price objective on Park Dental Partners in a research note on Thursday, August 13th. 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 equities 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, Park Dental Partners has a consensus rating of “Moderate Buy” and an average price target of $28.50.

Park Dental Partners Stock Up 1.9%

PARK stock opened at $20.85 on Thursday. Park Dental Partners, Inc. has a 52-week low of $9.53 and a 52-week high of $26.79. The company’s 50 day simple moving average is $20.04 and its 200-day simple moving average is $18.78. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $99.25 million and a P/E ratio of 19.86.

Park Dental Partners (NASDAQ:PARK) last released its earnings results on Wednesday, August 12th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.62. The business had revenue of $66.21 million during the quarter. As a group, equities research analysts anticipate that Park Dental Partners, Inc. will post 0.35 EPS for the current year.

Park Dental Partners 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.