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Steven L. Berman, a director at Dorman Products , Inc. (NASDAQ:DORM), has recently sold shares worth approximately $3.39 million, according to a recent filing with the Securities and Exchange Commission. The transactions, which took place over the course of January 24 and January 27, involved the sale of 25,651 shares of common stock at prices ranging from $131.051 to $133.7317 per share. The stock has shown remarkable strength with a 57% return over the past year, according to InvestingPro data.
Following these sales, Berman retains ownership of 788,688 shares directly, with additional indirect holdings through a trust and a 401(k) plan. The sales were executed under a pre-arranged trading plan, as noted in the filing. With a market capitalization of $4.07 billion and four analysts recently revising earnings estimates upward, InvestingPro analysis suggests the company maintains a strong financial position.
Dorman Products, headquartered in Colmar, Pennsylvania, specializes in motor vehicle parts and accessories. The company continues to be a significant player in the automotive aftermarket industry, maintaining healthy financials with a current ratio of 2.34 and operating with moderate debt levels. InvestingPro subscribers can access 8 additional key insights about Dorman’s market position and growth potential.
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