Today it was reported that the EVP, Commercial of Dorman Products (DORM), Michael Kealey, exercised options to buy 6,091 DORM shares at $41.59 a share, for a total transaction value of $253.3K.
Following this transaction Michael Kealey’s holding in the company was increased by 29.81% to a total of $2.52 million. This is Kealey’s first Buy trade following 5 Sell transactions.
See today’s analyst top recommended stocks >>
Based on Dorman Products’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $301 million and quarterly net profit of $34.26 million. In comparison, last year the company earned revenue of $254 million and had a net profit of $21.31 million. The company has a one-year high of $97.42 and a one-year low of $44.49. DORM’s market cap is $3.06 billion and the company has a P/E ratio of 34.70.
In the last 30 days, insiders have sold $366.6K worth of DORM shares and purchased $359.2K worth of DORM shares. The insider sentiment on Dorman Products has been neutral according to 30 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.
Michael Kealey’s trades have generated a -8.4% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Dorman Products, Inc. engages in the supply of automotive replacement parts, fasteners, and service line products for the automotive aftermarket. Its products comprise of power-train, automotive body, chassis, and hardware. The company was founded by Steven L. Berman and Richard N. Berman in October 1978 and is headquartered in Colmar, PA.
