GAMMA Investing LLC Has $13.73 Million Stake in Dorman Products, Inc. (NASDAQ:DORM)

GAMMA Investing LLC lifted its stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 16,876.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,910 shares of the auto parts company's stock after buying an additional 113,239 shares during the period. GAMMA Investing LLC owned approximately 0.37% of Dorman Products worth $13,731,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Wellington Management Group LLP lifted its position in Dorman Products by 1,136.2% during the 4th quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company's stock worth $22,635,000 after acquiring an additional 160,584 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Dorman Products by 7.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,379 shares of the auto parts company's stock valued at $308,000 after purchasing an additional 157 shares during the period. Mackenzie Financial Corp acquired a new position in shares of Dorman Products during the fourth quarter worth $212,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Dorman Products by 19.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 52,664 shares of the auto parts company's stock worth $6,823,000 after purchasing an additional 8,494 shares in the last quarter. Finally, Tidal Investments LLC boosted its stake in shares of Dorman Products by 22.7% in the fourth quarter. Tidal Investments LLC now owns 6,032 shares of the auto parts company's stock valued at $781,000 after purchasing an additional 1,114 shares during the period. Institutional investors and hedge funds own 84.70% of the company's stock.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, Director John J. Gavin sold 2,900 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $131.19, for a total value of $380,451.00. Following the sale, the director now owns 8,132 shares in the company, valued at approximately $1,066,837.08. This trade represents a 26.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.90% of the stock is currently owned by company insiders.

Dorman Products Stock Up 0.2%

Shares of DORM stock traded up $0.30 during trading hours on Tuesday, hitting $127.91. 121,213 shares of the company were exchanged, compared to its average volume of 186,809. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 21.39 and a beta of 0.87. Dorman Products, Inc. has a one year low of $87.05 and a one year high of $146.60. The business's 50-day simple moving average is $120.63 and its two-hundred day simple moving average is $126.67. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The auto parts company reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.48 by $0.54. The company had revenue of $507.69 million for the quarter, compared to the consensus estimate of $483.09 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the firm posted $1.31 EPS. Sell-side analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th.

Dorman Products Company Profile

Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.