Rk Asset Management Lowers stake in Dorman Products (DORM)

Dorman Products (DORM) : Rk Asset Management reduced its stake in Dorman Products by 1.42% during the most recent quarter end. The investment management company now holds a total of 126,093 shares of Dorman Products which is valued at $7,187,301 after selling 1,813 shares in Dorman Products , the firm said in a disclosure report filed with the SEC on Jul 14, 2016.Dorman Products makes up approximately 6.30% of Rk Asset Management’s portfolio.

Other Hedge Funds, Including , Mai Capital Management reduced its stake in DORM by selling 400 shares or 2.42% in the most recent quarter. The Hedge Fund company now holds 16,133 shares of DORM which is valued at $918,774. Dorman Products makes up approx 0.07% of Mai Capital Management’s portfolio.Capstone Asset Management Co boosted its stake in DORM in the latest quarter, The investment management firm added 90 additional shares and now holds a total of 9,073 shares of Dorman Products which is valued at $520,155. Dorman Products makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Gw&k Investment Management boosted its stake in DORM in the latest quarter, The investment management firm added 40,739 additional shares and now holds a total of 263,355 shares of Dorman Products which is valued at $15,098,142. Dorman Products makes up approx 0.31% of Gw&k Investment Management’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in DORM in the latest quarter, The investment management firm added 4,681 additional shares and now holds a total of 10,124 shares of Dorman Products which is valued at $568,058.

Dorman Products closed down -0.05 points or -0.09% at $56.95 with 66,196 shares getting traded on Monday. Post opening the session at $57.11, the shares hit an intraday low of $56.625 and an intraday high of $57.355 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Dorman Products reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.67. The company had revenue of $208.20 million for the quarter, compared to analysts expectations of $203.57 million. The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Dorman Products Inc. (Dorman) is a supplier of replacement parts and fasteners for passenger cars light trucks and heavy duty trucks in the automotive aftermarket. The Company distributes and markets approximately 140000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners. Approximately 85% of the Company’s products are sold under brands that it owns and the remainders of its products are sold for resale under customers’ private labels other brands or in bulk. The Company also generates revenues from the sale of parts that it packages for sale in bulk or under the private labels of parts manufacturers and national warehouse distributors. The Company groups its products into four classes: power-train automotive body chassis and hardware. Its sub-brands include DORMAN OE Solutions DORMAN HELP! DORMAN TECHoice DORMAN AutoGrade DORMAN Conduct-Tite! DORMAN FirstStop and DORMAN HD Solutions.

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