Park Dental Partners (NASDAQ:PARK) Posts Quarterly Earnings Results, Beats Estimates By $0.27 EPS

Park Dental Partners (NASDAQ:PARK) released its quarterly earnings data on Wednesday. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.04 by $0.27, Zacks reports.

Park Dental Partners Trading Up 0.4%

Shares of PARK stock traded up $0.09 during trading hours on Wednesday, hitting $20.89. 17,072 shares of the company were exchanged, compared to its average volume of 33,108. The firm has a fifty day moving average of $19.36 and a 200 day moving average of $18.47. 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 $22.67. The firm has a market cap of $94.42 million and a PE ratio of 28.23.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wall Street Zen downgraded Park Dental Partners from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings upgraded shares of Park Dental Partners from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, June 9th. Finally, Zacks Research cut shares of Park Dental Partners from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.75.

Hedge Funds Weigh In On Park Dental Partners

Several institutional investors and hedge funds have recently bought and sold shares of PARK. Boston Partners purchased a new position in Park Dental Partners during the fourth quarter worth approximately $576,000. Russell Investments Group Ltd. purchased a new stake in shares of Park Dental Partners during the 4th quarter valued at $1,522,000. Heartland Advisors Inc. acquired a new stake in shares of Park Dental Partners during the 4th quarter worth $2,251,000. Finally, Kennedy Capital Management LLC purchased a new position in shares of Park Dental Partners in the 4th quarter worth $3,478,000.

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.