Steven L. Berman, a director at Dorman Products , Inc. (NASDAQ:DORM), a $3.95 billion auto parts manufacturer whose stock has surged 61.83% over the past year, has recently sold shares of the company, according to a filing with the Securities and Exchange Commission. On January 15 and 16, Berman sold a total of 5,119 shares of Dorman Products' common stock. The transactions were executed at prices ranging from $128.593 to $130.1093 per share, accumulating a total value of $660,801.
Following these transactions, Berman retains direct ownership of 825,922 shares in the company. Additionally, he holds 100,000 shares indirectly through a trust and 24,769 shares via a 401(k) plan. According to InvestingPro, Dorman Products maintains a GREAT financial health score, with strong liquidity and moderate debt levels.
These sales were made under a pre-arranged trading plan, as indicated in the filing. The stock has shown robust momentum with a 27.09% gain over the past six months, though InvestingPro analysis suggests the shares are currently trading slightly above their Fair Value.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.