American Capital Management Inc buys $19,439,133 stake in Dorman Products (DORM)

Dorman Products (DORM) : American Capital Management Inc scooped up 49,000 additional shares in Dorman Products during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 311,325 shares of Dorman Products which is valued at $19,439,133.Dorman Products makes up approximately 1.55% of American Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Jennison Associates boosted its stake in DORM in the latest quarter, The investment management firm added 129,149 additional shares and now holds a total of 448,969 shares of Dorman Products which is valued at $28,033,624. Dorman Products makes up approx 0.03% of Jennison Associates’s portfolio.Louisiana State Employees Retirement System reduced its stake in DORM by selling 100 shares or 0.75% in the most recent quarter. The Hedge Fund company now holds 13,300 shares of DORM which is valued at $819,812. Dorman Products makes up approx 0.04% of Louisiana State Employees Retirement System’s portfolio.Prescott Group Capital Management L.l.c. reduced its stake in DORM by selling 10 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 14,989 shares of DORM which is valued at $857,521. Dorman Products makes up approx 0.20% of Prescott Group Capital Management L.l.c.’s portfolio.Summit Creek Advisors reduced its stake in DORM by selling 16,265 shares or 6.34% in the most recent quarter. The Hedge Fund company now holds 240,246 shares of DORM which is valued at $13,744,474. Dorman Products makes up approx 2.23% of Summit Creek Advisors’s portfolio.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.

Dorman Products opened for trading at $63.78 and hit $64.59 on the upside on Monday, eventually ending the session at $63.92, with a gain of 0.44% or 0.28 points. The heightened volatility saw the trading volume jump to 1,32,440 shares. Company has a market cap of $2,213 M.

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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