Steven L. Berman, a director at Dorman Products , Inc. (NASDAQ:DORM), has recently sold a portion of his holdings in the company. According to a recent filing, Berman sold 285 shares of common stock on January 10, 2025. The shares were sold at a weighted average price of approximately $123.50, resulting in a total transaction value of $35,197. The transaction price aligns closely with InvestingPro's Fair Value assessment, suggesting the stock is currently fairly valued. The company, with a market capitalization of $3.76 billion, has demonstrated strong performance with a 52.51% return over the past year.
Following this sale, Berman holds 833,527 shares directly. Additionally, he has indirect ownership of 100,000 shares held in a trust for his grandchildren and 24,769 shares through a 401(k) retirement plan, as reported in the filing. InvestingPro data shows the company maintains strong financial health with a healthy current ratio of 2.34 and trades at a P/E ratio of 20.57. Subscribers can access 8 additional InvestingPro Tips for deeper insights into DORM's financial outlook.
The transaction was conducted under a pre-arranged 10b5-1 trading plan, as indicated in the filing. This type of plan allows insiders to set up a predetermined schedule for selling stocks to avoid potential conflicts of interest.
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