Dorman Products, Inc. (NASDAQ:DORM) Short Interest Update

Dorman Products, Inc. (NASDAQ:DORM) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 293,700 shares, an increase of 5.4% from the May 31st total of 278,600 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 113,700 shares, the days-to-cover ratio is currently 2.6 days.

Insider Activity

In related news, SVP Donna M. Long sold 500 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $92.06, for a total transaction of $46,030.00. Following the transaction, the senior vice president now owns 20,126 shares of the company’s stock, valued at $1,852,799.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 10.00% of the stock is owned by corporate insiders.

Institutional Trading of Dorman Products

Institutional investors have recently made changes to their positions in the business. Tidal Investments LLC acquired a new position in Dorman Products in the first quarter worth about $328,000. Grandeur Peak Global Advisors LLC acquired a new stake in Dorman Products in the 1st quarter valued at $1,033,000. Aristides Capital LLC bought a new stake in Dorman Products in the first quarter valued at $675,000. Price T Rowe Associates Inc. MD raised its stake in Dorman Products by 5.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 18,724 shares of the auto parts company’s stock worth $1,805,000 after acquiring an additional 953 shares in the last quarter. Finally, PEAK6 Investments LLC lifted its holdings in shares of Dorman Products by 69.7% during the first quarter. PEAK6 Investments LLC now owns 30,896 shares of the auto parts company’s stock valued at $2,978,000 after acquiring an additional 12,691 shares during the period. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Dorman Products Stock Performance

NASDAQ DORM opened at $90.27 on Thursday. The company’s fifty day moving average is $91.20 and its two-hundred day moving average is $88.50. Dorman Products has a 52-week low of $60.01 and a 52-week high of $98.55. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.50 and a quick ratio of 1.17. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 18.16 and a beta of 0.82.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Tuesday, May 7th. The auto parts company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.49. The company had revenue of $468.70 million for the quarter, compared to analyst estimates of $472.35 million. Dorman Products had a return on equity of 14.61% and a net margin of 8.10%. Dorman Products’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.56 EPS. Equities research analysts forecast that Dorman Products will post 5.64 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on DORM shares. Roth Mkm reissued a “buy” rating and issued a $116.00 price objective on shares of Dorman Products in a research note on Friday, June 14th. StockNews.com raised shares of Dorman Products from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Finally, TheStreet upgraded shares of Dorman Products from a “c+” rating to a “b” rating in a report on Wednesday, March 20th.

About Dorman Products

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.