Quinn Opportunity Partners LLC Acquires New Stake in Patterson Companies, Inc. (NASDAQ:PDCO)

Quinn Opportunity Partners LLC acquired a new stake in Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 40,000 shares of the company's stock, valued at approximately $1,234,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Values First Advisors Inc. increased its holdings in shares of Patterson Companies by 2.9% during the fourth quarter. Values First Advisors Inc. now owns 11,961 shares of the company's stock worth $369,000 after purchasing an additional 337 shares during the period. Huntington National Bank lifted its position in shares of Patterson Companies by 54.0% during the 4th quarter. Huntington National Bank now owns 1,115 shares of the company's stock valued at $34,000 after acquiring an additional 391 shares during the period. Anchor Investment Management LLC increased its position in shares of Patterson Companies by 20.5% in the third quarter. Anchor Investment Management LLC now owns 2,350 shares of the company's stock worth $51,000 after purchasing an additional 400 shares during the period. Blue Trust Inc. raised its stake in Patterson Companies by 18.0% in the fourth quarter. Blue Trust Inc. now owns 2,738 shares of the company's stock valued at $84,000 after purchasing an additional 417 shares in the last quarter. Finally, Spire Wealth Management grew its stake in Patterson Companies by 11.2% during the fourth quarter. Spire Wealth Management now owns 4,160 shares of the company's stock worth $128,000 after buying an additional 419 shares in the last quarter. Institutional investors and hedge funds own 85.43% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Patterson Companies in a research report on Saturday, April 12th. They set a "hold" rating for the company. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $26.57.

Patterson Companies Stock Performance

Shares of NASDAQ PDCO traded up $0.01 during midday trading on Thursday, reaching $31.33. The company's stock had a trading volume of 9,359,303 shares, compared to its average volume of 1,206,191. The firm has a 50 day moving average price of $31.13 and a 200-day moving average price of $27.47. The stock has a market capitalization of $2.77 billion, a P/E ratio of 18.32, a PEG ratio of 2.71 and a beta of 0.73. Patterson Companies, Inc. has a 12-month low of $19.45 and a 12-month high of $31.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.76.

Patterson Companies Company Profile

Patterson Companies, Inc engages in the distribution of dental and animal health products in the United States, the United Kingdom, and Canada. The company operates through three segments: Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education systems.