CEO of Dorman Products Inc. Steven Berman Sold 128,991 Shares
Steven Berman has been the CEO and Chairman of DORM since January 2011. Mr. Berman served as COO of Dorman Products from 2007 until 2011. From 1978 until 2011, Steven Berman has served as Secretary and Treasurer of the company, as well as its executive VP. He has been a director since 2007.
CEO Steven Berman has been consistently selling off shares of DORM since 6/19/2012. In all throughout the past two weeks, he sold off about 400,000 shares of the company. Additionally, Dorman Products CFO Matthew Kohnke also sold off 4,000 shares of DORM stock on 5/17/2012 at an average price of $25.72. Other directors have also decreased their positions in the company, including the co-president of Dorman Products Inc.
Several gurus also have stakes in DORM. Robert Olstein owns 12,000 shares as of 03/31/2012, which accounts for 0.11% of the $565 million portfolio of Olstein Financial Alert Fund. Joel Greenblatt sold out his holdings in the quarter that ended on 03/31/2012.
The company's average annual revenue growth for the past 10 years was 9.2%. In the last 12 months, revenue growth was 11.4%. Earnings per share have seen relatively consistent gains within the past 10 years. DORM holds $50.19 million in cash and has no long-term debt. In 2010, DORM issued $0.8 million worth of new shares.