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

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

Wall Street Analysts Forecast Growth

DORM has been the subject of a number of recent analyst reports. TheStreet raised Dorman Products from a “c+” rating to a “b” rating in a report on Wednesday, March 20th. Roth Mkm reissued a “buy” rating and set a $116.00 price objective on shares of Dorman Products in a report on Friday, June 14th. Finally, StockNews.com raised Dorman Products from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th.

Insider Buying and Selling at Dorman Products

In other Dorman Products 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 completion of the transaction, the senior vice president now owns 20,126 shares of the company’s stock, valued at approximately $1,852,799.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.00% of the company’s stock.

Institutional Investors Weigh In On Dorman Products

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC purchased a new stake in Dorman Products in the first quarter worth $328,000. Grandeur Peak Global Advisors LLC purchased a new stake in shares of Dorman Products in the first quarter worth $1,033,000. Aristides Capital LLC purchased a new stake in shares of Dorman Products in the first quarter worth $675,000. Price T Rowe Associates Inc. MD grew its stake in shares of Dorman Products by 5.4% in 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 during the last quarter. Finally, PEAK6 Investments LLC grew its stake in shares of Dorman Products by 69.7% in the first quarter. PEAK6 Investments LLC now owns 30,896 shares of the auto parts company’s stock worth $2,978,000 after acquiring an additional 12,691 shares during the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

Dorman Products Trading Up 0.1 %

Shares of Dorman Products stock traded up $0.12 during midday trading on Wednesday, reaching $90.27. 64,315 shares of the company’s stock traded hands, compared to its average volume of 119,387. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.17 and a current ratio of 2.50. The company has a market cap of $2.80 billion, a PE ratio of 18.14 and a beta of 0.82. The stock has a 50 day moving average of $91.19 and a 200-day moving average of $88.48. Dorman Products has a 12 month low of $60.01 and a 12 month high of $98.55.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results 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 analysts’ expectations of $472.35 million. Dorman Products had a return on equity of 14.61% and a net margin of 8.10%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 earnings per share. As a group, equities analysts expect that Dorman Products will post 5.64 EPS for the current fiscal year.

Dorman Products Company Profile

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.