Aristides Capital LLC Raises Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Aristides Capital LLC boosted its stake in Dorman Products, Inc. (NASDAQ:DORM) by 106.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,425 shares of the auto parts company’s stock after purchasing an additional 7,425 shares during the period. Aristides Capital LLC’s holdings in Dorman Products were worth $1,869,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its holdings in shares of Dorman Products by 518.4% in the fourth quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock worth $30,000 after acquiring an additional 197 shares during the period. Quent Capital LLC purchased a new position in Dorman Products in the fourth quarter worth about $31,000. Westside Investment Management Inc. bought a new stake in shares of Dorman Products during the 3rd quarter valued at about $29,000. CIBC Private Wealth Group LLC increased its position in shares of Dorman Products by 163.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company’s stock valued at $35,000 after purchasing an additional 172 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Dorman Products during the 4th quarter valued at about $42,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 14th.

Dorman Products Price Performance

NASDAQ DORM opened at $115.85 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The business’s fifty day moving average is $126.81 and its 200 day moving average is $126.90. The company has a market capitalization of $3.54 billion, a PE ratio of 19.37 and a beta of 0.87. Dorman Products, Inc. has a fifty-two week low of $86.61 and a fifty-two week high of $146.60.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.21. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The company had revenue of $533.77 million during the quarter, compared to the consensus estimate of $523.95 million. Sell-side analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Insider Activity

In related news, SVP Donna M. Long sold 742 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $130.38, for a total transaction of $96,741.96. Following the completion of the sale, the senior vice president now owns 19,894 shares in the company, valued at approximately $2,593,779.72. This trade represents a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Steven L. Berman sold 285 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $123.50, for a total value of $35,197.50. Following the completion of the transaction, the director now directly owns 833,527 shares in the company, valued at approximately $102,940,584.50. This represents a 0.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,842 shares of company stock worth $4,048,449 in the last three months. Company insiders own 10.00% of the company’s stock.

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.