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

Dorman Products, Inc. (NASDAQ:DORM) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 331,100 shares, a growth of 10.8% from the June 30th total of 298,900 shares. Based on an average daily volume of 123,900 shares, the short-interest ratio is currently 2.7 days. Approximately 1.3% of the company’s shares are short sold.

Insider Buying and Selling

In other Dorman Products news, SVP Jeffery Darby sold 1,400 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $98.98, for a total value of $138,572.00. Following the sale, the senior vice president now owns 25,071 shares of the company’s stock, valued at $2,481,527.58. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Donna M. Long sold 500 shares of Dorman Products stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $92.06, for a total value of $46,030.00. Following the completion of the transaction, the senior vice president now owns 20,126 shares in the company, valued at $1,852,799.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffery Darby sold 1,400 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $98.98, for a total transaction of $138,572.00. Following the sale, the senior vice president now owns 25,071 shares in the company, valued at $2,481,527.58. The disclosure for this sale can be found here. 10.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dorman Products

Several large investors have recently bought and sold shares of DORM. Parallel Advisors LLC boosted its position in shares of Dorman Products by 277.4% during the 4th quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock worth $26,000 after acquiring an additional 233 shares in the last quarter. YHB Investment Advisors Inc. acquired a new position in Dorman Products in the first quarter valued at approximately $34,000. Quest Partners LLC purchased a new position in Dorman Products in the fourth quarter valued at approximately $37,000. Mather Group LLC. acquired a new stake in Dorman Products during the first quarter worth approximately $48,000. Finally, Rothschild Investment LLC acquired a new stake in Dorman Products during the second quarter worth approximately $66,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Dorman Products Stock Up 1.6 %

Shares of Dorman Products stock traded up $1.57 on Wednesday, reaching $101.37. 155,209 shares of the company were exchanged, compared to its average volume of 121,627. The stock’s 50 day moving average price is $93.23 and its 200-day moving average price is $90.42. 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 1-year low of $60.01 and a 1-year high of $104.74. The company has a market cap of $3.14 billion, a P/E ratio of 20.42 and a beta of 0.82.

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

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed a “buy” rating and set a $116.00 price objective on shares of Dorman Products in a research report on Friday, June 14th.

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.