Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. Yesterday, May 1, 2014, 88 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $1,215.00 to $131,924,000.00. Highlighted Stocks Traded by Insiders: Dorman Products (DORM) - FREE Research Report Berman Steven L, who is Chief Executive Officer at Dorman Products, sold 4,446 shares at $58.10 on May 1, 2014. Following this transaction, the Chief Executive Officer owned 1.3 million shares meaning that the stake was reduced by 0.34% with the 4,446-share transaction. The shares most recently traded at $57.09, down $1.01, or 1.77% since the insider transaction. Historical insider transactions for Dorman Products go as follows:
4-Week # shares sold: 2,000
12-Week # shares sold: 7,000
24-Week # shares sold: 7,000
The average volume for Dorman Products has been 306,300 shares per day over the past 30 days. Dorman Products has a market cap of $2.1 billion and is part of the consumer goods sector and automotive industry. Shares are up 1.89% year-to-date as of the close of trading on Wednesday. Dorman Products, Inc. supplies automotive replacement parts, automotive hardware, brake products, and household hardware to the automotive aftermarket and mass merchandise markets. The company has a P/E ratio of 26.3. Currently, there are 4 analysts who rate Dorman Products a buy, 1 analyst rates it a sell, and none rate it a hold. Exclusive Offer: Get the latest Stock Analysis on DORM - FREETheStreet Quant Ratings rates Dorman Products as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Dorman Products Ratings Report from TheStreet Quant Ratings now. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Investors in Dorman Products Inc saw new options begin trading this week, for the August 21st expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 224 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.