Do Hedge Funds and Insiders Love Dorman Products Inc. (DORM)?

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Dorman Products Inc. (NASDAQ:DORM)

Thus, we’re going to analyze the latest info about Dorman Products Inc. (NASDAQ:DORM).

Hedge fund activity in Dorman Products Inc. (NASDAQ:DORM)

At the end of the second quarter, a total of 10 of the hedge funds we track were bullish in this stock, a change of 150% from the previous quarter. With hedge funds’ sentiment swirling, there exists a few key hedge fund managers who were increasing their stakes significantly.

Out of the hedge funds we follow, Royce & Associates, managed by Chuck Royce, holds the most valuable position in Dorman Products Inc. (NASDAQ:DORM). Royce & Associates has a $88.2 million position in the stock, comprising 0.3% of its 13F portfolio. On Royce & Associates’s heels is Horizon Asset Management, managed by Murray Stahl, which held a $3 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Some other peers with similar optimism include D. E. Shaw’s D E Shaw, Matthew Hulsizer’s PEAK6 Capital Management and Cliff Asness’s AQR Capital Management.

Now, certain bigger names were leading the bulls’ herd. Royce & Associates, managed by Chuck Royce, created the most outsized position in Dorman Products Inc. (NASDAQ:DORM). Royce & Associates had 88.2 million invested in the company at the end of the quarter. Murray Stahl’s Horizon Asset Management also made a $3 million investment in the stock during the quarter. The following funds were also among the new DORM investors: D. E. Shaw’s D E Shaw, Matthew Hulsizer’s PEAK6 Capital Management, and Cliff Asness’s AQR Capital Management.

How have insiders been trading Dorman Products Inc. (NASDAQ:DORM)?

Bullish insider trading is best served when the company we’re looking at has seen transactions within the past six months. Over the latest 180-day time frame, Dorman Products Inc. (NASDAQ:DORM) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll also take a look at the relationship between both of these indicators in other stocks similar to Dorman Products Inc. (NASDAQ:DORM). These stocks are Dana Holding Corporation (NYSE:DAN), Tenneco Inc (NYSE:TEN), American Axle & Manufact. Holdings, Inc. (NYSE:AXL), Westport Innovations Inc. (USA) (NASDAQ:WPRT), and Monro Muffler Brake Inc (NASDAQ:MNRO). All of these stocks are in the auto parts industry and their market caps match DORM’s market cap.