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

Dorman Products, Inc. (NASDAQ:DORM) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 905,900 shares, a growth of 57.7% from the February 28th total of 574,400 shares. Based on an average daily volume of 196,100 shares, the days-to-cover ratio is currently 4.6 days. Approximately 3.5% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, StockNews.com cut Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 14th.

Dorman Products Stock Down 0.3 %

Shares of NASDAQ:DORM traded down $0.42 during midday trading on Monday, hitting $120.30. 118,717 shares of the stock were exchanged, compared to its average volume of 157,533. The company has a market capitalization of $3.68 billion, a PE ratio of 20.21 and a beta of 0.84. The business’s fifty day simple moving average is $127.87 and its two-hundred day simple moving average is $126.81. Dorman Products has a 52-week low of $86.61 and a 52-week high of $146.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.21. The business had revenue of $533.77 million during the quarter, compared to analysts’ expectations of $523.95 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. As a group, research analysts predict that Dorman Products will post 6.9 earnings per share for the current fiscal year.

Insider Transactions at Dorman Products

In related news, Director Steven L. Berman sold 9,238 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $132.73, for a total value of $1,226,159.74. Following the completion of the sale, the director now directly owns 788,688 shares in the company, valued at approximately $104,682,558.24. This represents a 1.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Donna M. Long sold 742 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $130.38, for a total value of $96,741.96. Following the transaction, the senior vice president now owns 19,894 shares in the company, valued at approximately $2,593,779.72. This represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,842 shares of company stock worth $4,048,449 over the last quarter. 10.00% of the stock is currently owned by insiders.

Institutional Trading of Dorman Products

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Westside Investment Management Inc. acquired a new stake in shares of Dorman Products during the 3rd quarter valued at about $29,000. Jones Financial Companies Lllp lifted its holdings in Dorman Products by 518.4% during the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 197 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in Dorman Products in the third quarter valued at about $31,000. Quent Capital LLC acquired a new stake in shares of Dorman Products during the fourth quarter worth approximately $31,000. Finally, CIBC Private Wealth Group LLC raised its stake in shares of Dorman Products by 163.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company’s stock valued at $35,000 after acquiring an additional 172 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

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.