Dorman Products, Inc. (NASDAQ:DORM) Sees Significant Growth in Short Interest

Dorman Products, Inc. (NASDAQ:DORM - Get Free Report) was the recipient of a large growth in short interest in 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 trading volume of 196,100 shares, the short-interest ratio is presently 4.6 days. Currently, 3.5% of the company's stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Dorman Products from a "strong-buy" rating to a "buy" rating in a report on Friday, March 14th.

Dorman Products Price Performance

Shares of Dorman Products stock traded down $0.17 on Monday, reaching $120.54. 262,329 shares of the stock were exchanged, compared to its average volume of 158,070. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 2.34. The firm has a market cap of $3.69 billion, a PE ratio of 20.16 and a beta of 0.84. The firm's 50 day moving average is $127.87 and its 200-day moving average is $126.81. Dorman Products has a one year low of $86.61 and a one year high of $146.60.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.99 by $0.21. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The firm had revenue of $533.77 million for the quarter, compared to the consensus estimate of $523.95 million. As a group, analysts anticipate that Dorman Products will post 6.9 EPS for the current fiscal year.

Remove Ads

Insider Buying and Selling at Dorman Products

In related news, Director Steven L. Berman sold 617 shares of the firm's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $123.23, for a total value of $76,032.91. Following the completion of the transaction, the director now directly owns 832,910 shares of the company's stock, valued at approximately $102,639,499.30. This trade represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Donna M. Long sold 742 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $130.38, for a total value of $96,741.96. Following the completion of the transaction, the senior vice president now directly owns 19,894 shares in the company, valued at approximately $2,593,779.72. This represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,842 shares of company stock worth $4,048,449. Corporate insiders own 10.00% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp increased its position 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 worth $30,000 after purchasing an additional 197 shares in the last quarter. Quent Capital LLC acquired a new position in shares of Dorman Products during the fourth quarter worth $31,000. Westside Investment Management Inc. bought a new position in shares of Dorman Products in the 3rd quarter valued at $29,000. Advisors Asset Management Inc. acquired a new stake in shares of Dorman Products during the 3rd quarter valued at $31,000. Finally, CIBC Private Wealth Group LLC grew its position in Dorman Products by 163.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company's stock worth $35,000 after acquiring an additional 172 shares during the last quarter. Institutional investors own 84.70% of the company's stock.

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.