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

Key Points

• Punch & Associates purchased 67,020 shares of Park Dental Partners in the second quarter, valued at approximately $1.44 million and representing about 1.48% of the company.
• Park Dental Partners reported quarterly earnings of $0.66 per share, far exceeding the $0.04 analyst consensus, on revenue of $66.21 million.
• Analyst sentiment is moderately bullish, with an average rating of “Moderate Buy” and an average price target of $28.50, compared with the stock’s stated price of $20.85.

Punch & Associates Investment Management Inc. purchased a new stake in Park Dental Partners, Inc. (NASDAQ:PARK - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund purchased 67,020 shares of the company's stock, valued at approximately $1,444,000. Punch & Associates Investment Management Inc. owned about 1.48% of Park Dental Partners at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Heartland Advisors Inc. acquired a new stake in shares of Park Dental Partners during the second quarter worth $4,310,000. Pacific Ridge Capital Partners LLC acquired a new position in shares of Park Dental Partners in the 4th quarter valued at about $2,316,000. Russell Investments Group Ltd. bought a new stake in shares of Park Dental Partners during the 4th quarter valued at about $1,522,000. Kennedy Capital Management LLC acquired a new stake in Park Dental Partners during the fourth quarter worth about $3,478,000. Finally, BlackRock Inc. acquired a new stake in Park Dental Partners during the second quarter worth about $120,000.

Wall Street Analyst Weigh In

PARK has been the subject of a number of research reports. Wall Street Zen upgraded Park Dental Partners from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Northland Securities set a $27.00 price target on Park Dental Partners in a research report on Thursday, August 13th. Weiss Ratings upgraded Park Dental Partners from a "sell (e)" rating to a "sell (e+)" rating in a research report on Tuesday, June 9th. Craig Hallum restated a "buy" rating and set a $30.00 price objective on shares of Park Dental Partners in a research note on Friday, August 14th. Finally, Zacks Research lowered Park Dental Partners from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 3rd. One 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $28.50.

Park Dental Partners Price Performance

NASDAQ PARK 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 has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.31. The stock has a market cap of $99.25 million and a price-to-earnings ratio of 19.86. The company has a 50-day moving average price of $20.04 and a two-hundred day moving average price of $18.78.

Park Dental Partners (NASDAQ:PARK - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.62. The business had revenue of $66.21 million for the quarter. Analysts forecast 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.

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