GSA Capital Partners LLP Invests $582,000 in Dorman Products, Inc. (NASDAQ:DORM)

GSA Capital Partners LLP acquired a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,826 shares of the auto parts company’s stock, valued at approximately $582,000.

A number of other large investors also recently modified their holdings of DORM. CIBC Private Wealth Group LLC raised its holdings in shares of Dorman Products by 163.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 277 shares of the auto parts company’s stock valued at $35,000 after purchasing an additional 172 shares during the period. USA Financial Formulas raised its holdings in shares of Dorman Products by 127.6% in the 1st quarter. USA Financial Formulas now owns 387 shares of the auto parts company’s stock valued at $47,000 after purchasing an additional 217 shares during the period. Blue Trust Inc. raised its holdings in shares of Dorman Products by 42.5% in the 1st quarter. Blue Trust Inc. now owns 503 shares of the auto parts company’s stock valued at $61,000 after purchasing an additional 150 shares during the period. TD Private Client Wealth LLC raised its holdings in shares of Dorman Products by 51.3% in the 1st quarter. TD Private Client Wealth LLC now owns 575 shares of the auto parts company’s stock valued at $69,000 after purchasing an additional 195 shares during the period. Finally, Covestor Ltd raised its holdings in shares of Dorman Products by 46.4% in the 4th quarter. Covestor Ltd now owns 555 shares of the auto parts company’s stock valued at $72,000 after purchasing an additional 176 shares during the period. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Donna M. Long sold 820 shares of Dorman Products stock in a transaction on Monday, July 28th. The shares were sold at an average price of $122.21, for a total transaction of $100,212.20. Following the transaction, the senior vice president owned 19,074 shares in the company, valued at approximately $2,331,033.54. The trade was a 4.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John J. Gavin sold 2,900 shares of Dorman Products stock in a transaction on Monday, May 19th. The stock was sold at an average price of $131.19, for a total transaction of $380,451.00. Following the transaction, the director owned 8,132 shares in the company, valued at approximately $1,066,837.08. This trade represents a 26.29% decrease in their position. The disclosure for this sale can be found here. 8.90% of the stock is currently owned by insiders.

Dorman Products Stock Down 1.2%

Shares of DORM opened at $119.13 on Monday. The company has a current ratio of 2.62, a quick ratio of 1.22 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $3.63 billion, a PE ratio of 17.09 and a beta of 0.79. The firm’s 50 day moving average is $124.32 and its 200-day moving average is $123.96. Dorman Products, Inc. has a 12 month low of $94.87 and a 12 month high of $146.60.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Monday, May 5th. The auto parts company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.54. The firm had revenue of $507.69 million for the quarter, compared to analysts’ expectations of $483.09 million. Dorman Products had a net margin of 10.48% and a return on equity of 19.10%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.31 earnings per share. Equities research analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Dorman Products from a “buy” rating to a “strong-buy” rating in a report on Friday, May 16th.

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.