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

Dorman Products, Inc. (NASDAQ:DORM) was the target of a significant increase in short interest in 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. Based on an average daily trading volume, of 113,700 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.1% of the shares of the company are sold short.

Insider Buying and Selling

In related news, SVP Donna M. Long sold 500 shares of Dorman Products stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $92.06, for a total transaction of $46,030.00. Following the sale, the senior vice president now directly owns 20,126 shares of the company’s stock, valued at $1,852,799.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 10.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC raised its position in Dorman Products by 277.4% in the 4th quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 233 shares during the last quarter. Headinvest LLC bought a new stake in shares of Dorman Products during the 3rd quarter valued at $30,000. YHB Investment Advisors Inc. bought a new stake in shares of Dorman Products during the 1st quarter valued at $34,000. Quest Partners LLC bought a new stake in shares of Dorman Products during the 4th quarter valued at $37,000. Finally, Mather Group LLC. bought a new stake in shares of Dorman Products during the 1st quarter valued at $48,000. Institutional investors own 84.70% of the company’s stock.

Analyst Upgrades and Downgrades

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

Dorman Products Price Performance

Shares of DORM traded up $0.12 on Wednesday, hitting $90.27. The company’s stock had a trading volume of 64,315 shares, compared to its average volume of 119,387. The company has a market capitalization of $2.80 billion, a PE ratio of 18.14 and a beta of 0.82. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.50 and a quick ratio of 1.17. Dorman Products has a fifty-two week low of $60.01 and a fifty-two week high of $98.55. The company has a 50 day moving average price of $91.19 and a 200 day moving average price of $88.48.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Tuesday, May 7th. The auto parts company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.82 by $0.49. The business had revenue of $468.70 million for the quarter, compared to the consensus estimate 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 was up .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 EPS. On average, research analysts anticipate that Dorman Products will post 5.64 earnings per share for the current fiscal year.

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.