Park Dental Partners (NASDAQ:PARK) Announces Quarterly Earnings Results

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

Park Dental Partners Trading Down 3.5%

NASDAQ:PARK traded down $0.66 during mid-day trading on Wednesday, reaching $18.30. The company’s stock had a trading volume of 9,555 shares, compared to its average volume of 18,581. The stock’s fifty day moving average price is $17.59. Park Dental Partners has a twelve month low of $9.53 and a twelve month high of $21.59.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PARK shares. Weiss Ratings raised Park Dental Partners from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday. Wall Street Zen raised Park Dental Partners from a “hold” rating to a “buy” rating in a research note on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.75.

Institutional Investors Weigh In On Park Dental Partners

Institutional investors have recently added to or reduced their stakes in the company. Boston Partners purchased a new stake in Park Dental Partners during the fourth quarter valued at about $576,000. Russell Investments Group Ltd. purchased a new stake in Park Dental Partners during the fourth quarter valued at about $1,522,000. Heartland Advisors Inc. purchased a new stake in Park Dental Partners during the fourth quarter valued at about $2,251,000. Pacific Ridge Capital Partners LLC acquired a new position in shares of Park Dental Partners during the fourth quarter worth about $2,316,000. Finally, Kennedy Capital Management LLC acquired a new position in shares of Park Dental Partners during the fourth quarter worth about $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.