Hillsdale Investment Management Inc. Has $2.86 Million Stock Holdings in Dorman Products, Inc. $DORM

Hillsdale Investment Management Inc. decreased its position in Dorman Products, Inc. (NASDAQ:DORM) by 59.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 18,360 shares of the auto parts company’s stock after selling 26,600 shares during the period. Hillsdale Investment Management Inc. owned about 0.06% of Dorman Products worth $2,862,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in Dorman Products by 15.6% during the third quarter. Envestnet Asset Management Inc. now owns 190,530 shares of the auto parts company’s stock worth $29,700,000 after purchasing an additional 25,710 shares during the last quarter. Capital Fund Management S.A. acquired a new stake in Dorman Products in the 2nd quarter valued at $1,423,000. Tributary Capital Management LLC lifted its position in Dorman Products by 90.5% during the 3rd quarter. Tributary Capital Management LLC now owns 234,388 shares of the auto parts company’s stock worth $36,536,000 after buying an additional 111,380 shares in the last quarter. First National Bank of Omaha bought a new stake in Dorman Products during the 3rd quarter worth about $5,099,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Dorman Products by 130.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 23,036 shares of the auto parts company’s stock worth $3,591,000 after buying an additional 13,025 shares during the last quarter. 84.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DORM has been the topic of a number of recent research reports. Weiss Ratings downgraded Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, January 30th. Wall Street Zen downgraded Dorman Products from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Zacks Research lowered Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $180.50.

Dorman Products Trading Up 1.5%

Dorman Products stock opened at $129.69 on Monday. The stock has a 50-day simple moving average of $126.80 and a 200 day simple moving average of $138.87. The stock has a market capitalization of $3.96 billion, a P/E ratio of 16.15 and a beta of 0.92. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 2.94. Dorman Products, Inc. has a 52 week low of $106.95 and a 52 week high of $166.89.

Insider Buying and Selling

In related news, SVP Donna M. Long sold 812 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $123.75, for a total value of $100,485.00. Following the sale, the senior vice president owned 17,856 shares in the company, valued at approximately $2,209,680. This represents a 4.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Mcknight sold 2,000 shares of Dorman Products stock in a transaction on Friday, December 12th. The stock was sold at an average price of $128.80, for a total transaction of $257,600.00. Following the transaction, the insider directly owned 9,112 shares of the company’s stock, valued at approximately $1,173,625.60. This trade represents a 18.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 8.90% of the stock is currently owned by insiders.

Dorman Products Profile

Dorman Products, Inc is a leading independent global supplier of automotive aftermarket parts and hardware. Headquartered in Colmar, Pennsylvania, the company specializes in the design, manufacture and distribution of replacement components for passenger cars, light trucks and commercial vehicles. Dorman’s offerings span both mechanical and electrical systems, providing solutions that help repair shops and retailers address wear-out and collision-related failures on domestic and import vehicles.

The company’s extensive product portfolio includes steering and suspension components, brake system parts, engine management and cooling products, exterior and body hardware, and an array of fasteners, clips and brackets.