Hide

FocusBar

Subscribe to Premium Member
Free 7-day Trial
All Articles and Columns »

CEO of Dorman Products Inc. Steven Berman Sold 128,991 Shares

June 29, 2012 | About:
Dividend Growth Investor

GuruFocus

213 followers
CEO, 10% Owner of Dorman Products Inc. (DORM) Steven L. Berman sold 128,991 shares on 06/28/2012 at an average price of $23.48. The total transaction amount was $3,028,709. R&B, Inc. is a supplier of OE Dealer `Exclusive` automotive replacement parts, automotive hardware, brake products, and household hardware to the Automotive Aftermarket and Mass Merchandise markets. Dorman Products Inc. has a market cap of $837.9 million; its shares were traded at around $25.05 with a P/E ratio of 14.5 and P/S ratio of 1.6. Dorman Products Inc. had an annual average earnings growth of 13.4% over the past 10 years. GuruFocus rated Dorman Products Inc. the business predictability rank of 4-star.

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.


Related links:


Tickers in the article:


Download guru portfolio report (PDF format):

Joel GreenblattDownload Guru portfolio report
Joel Greenblatt (Updated on 05/17/2013)

Track Gurus’ Stock Purchases Daily – Real Time Guru Picks

GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 3 days after the date of the transaction. This is just one of the features provided with GuruFocus Premium Membership.

Click Here to Try It Free!


Rating: 3.0/5 (4 votes)

Comments

Please leave your comment:


More Gurufocus Links

GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names
Free 7-day Trial
FEEDBACK

This article has been successfully added into your Bookmark.

Members Only. Please Sign Up or Log In first.

Bookmark of this article has been deleted.