Park Dental Partners (NASDAQ:PARK) Posts Quarterly Earnings Results, Beats Expectations By $0.25 EPS

Park Dental Partners (NASDAQ:PARKGet Free Report) released its earnings results on Wednesday. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.25, FiscalAI reports. The firm had revenue of $62.70 million during the quarter.

Park Dental Partners Trading Up 1.8%

Shares of PARK stock traded up $0.33 during trading hours on Friday, reaching $18.31. 4,995 shares of the company’s stock were exchanged, compared to its average volume of 36,142. The business’s 50 day moving average price is $17.57. Park Dental Partners has a fifty-two week low of $9.53 and a fifty-two week high of $21.59.

Institutional Trading of Park Dental Partners

Institutional investors have recently modified their holdings of the stock. Kennedy Capital Management LLC acquired a new position in shares of Park Dental Partners in the 4th quarter valued at $3,478,000. Pacific Ridge Capital Partners LLC purchased a new position in shares of Park Dental Partners during the 4th quarter worth approximately $2,316,000. Heartland Advisors Inc. purchased a new stake in shares of Park Dental Partners in the fourth quarter valued at approximately $2,251,000. Russell Investments Group Ltd. purchased a new position in Park Dental Partners in the fourth quarter worth $1,522,000. Finally, Boston Partners acquired a new stake in Park Dental Partners in the fourth quarter valued at $576,000.

Analysts Set New Price Targets

PARK has been the subject of several analyst reports. Weiss Ratings raised shares of Park Dental Partners from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday. Wall Street Zen raised Park Dental Partners from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Park Dental Partners currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.75.

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Park Dental Partners Company Profile

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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.

Further Reading

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