Newbridge Financial Services Group Inc. Takes Position in Dorman Products, Inc. (NASDAQ:DORM)

Newbridge Financial Services Group Inc. acquired a new stake in Dorman Products, Inc. (NASDAQ:DORM) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 328 shares of the auto parts company’s stock, valued at approximately $42,000.

Other hedge funds also recently modified their holdings of the company. Flagship Harbor Advisors LLC bought a new stake in shares of Dorman Products in the 4th quarter valued at $287,000. Intech Investment Management LLC bought a new stake in shares of Dorman Products in the 3rd quarter valued at $2,014,000. HighTower Advisors LLC increased its stake in shares of Dorman Products by 431.9% in the 3rd quarter. HighTower Advisors LLC now owns 13,850 shares of the auto parts company’s stock valued at $1,563,000 after acquiring an additional 11,246 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Dorman Products by 41.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 13,688 shares of the auto parts company’s stock valued at $1,548,000 after acquiring an additional 3,993 shares in the last quarter. Finally, Barclays PLC increased its stake in Dorman Products by 380.7% during the 3rd quarter. Barclays PLC now owns 46,842 shares of the auto parts company’s stock valued at $5,298,000 after purchasing an additional 37,098 shares in the last quarter. Institutional investors own 84.70% of the company’s stock.

Dorman Products Stock Performance

Shares of DORM stock opened at $126.14 on Wednesday. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $3.85 billion, a PE ratio of 21.09 and a beta of 0.88. The firm has a fifty day simple moving average of $131.33 and a two-hundred day simple moving average of $122.31. Dorman Products, Inc. has a 12 month low of $80.28 and a 12 month high of $146.60.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Roth Mkm restated a “buy” rating and set a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a research note on Monday, November 4th. StockNews.com lowered shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Dorman Products has an average rating of “Buy” and a consensus price target of $125.67.

Insiders Place Their Bets

In other Dorman Products news, SVP Eric Luftig sold 3,278 shares of Dorman Products stock in a transaction on Monday, November 25th. The shares were sold at an average price of $141.19, for a total transaction of $462,820.82. Following the transaction, the senior vice president now directly owns 5,934 shares of the company’s stock, valued at $837,821.46. The trade was a 35.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven L. Berman sold 8,524 shares of Dorman Products stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $131.79, for a total transaction of $1,123,377.96. Following the transaction, the director now directly owns 773,094 shares in the company, valued at $101,886,058.26. This represents a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,088 shares of company stock valued at $7,524,211 in the last three months. 10.00% of the stock is currently owned by insiders.

Dorman Products 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.