Motorcar Parts of America, Inc. (NASDAQ:MPAA) Major Shareholder Acquires $111,771.84 in Stock

Motorcar Parts of America, Inc. (NASDAQ:MPAA) major shareholder 325 Capital Llc purchased 16,608 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average price of $6.73 per share, for a total transaction of $111,771.84. Following the completion of the acquisition, the insider now directly owns 1,984,990 shares in the company, valued at approximately $13,358,982.70. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Motorcar Parts of America Trading Up 3.6 %

MPAA opened at $6.63 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.35 and a current ratio of 1.38. The business has a fifty day moving average of $6.19 and a 200 day moving average of $6.55. Motorcar Parts of America, Inc. has a 52-week low of $4.36 and a 52-week high of $10.40.

Motorcar Parts of America (NASDAQ:MPAA) last issued its earnings results on Tuesday, June 11th. The auto parts company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The company had revenue of $189.48 million for the quarter, compared to analysts’ expectations of $198.60 million. Motorcar Parts of America had a negative net margin of 9.06% and a negative return on equity of 0.93%. As a group, equities analysts predict that Motorcar Parts of America, Inc. will post 0.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com lowered Motorcar Parts of America from a “buy” rating to a “hold” rating in a research report on Thursday, June 13th.

Hedge Funds Weigh In On Motorcar Parts of America

A number of hedge funds have recently added to or reduced their stakes in the stock. Private Capital Management LLC raised its stake in shares of Motorcar Parts of America by 6.6% during the first quarter. Private Capital Management LLC now owns 2,842,726 shares of the auto parts company’s stock valued at $22,856,000 after acquiring an additional 176,971 shares in the last quarter. Azarias Capital Management L.P. increased its holdings in Motorcar Parts of America by 0.8% during the 2nd quarter. Azarias Capital Management L.P. now owns 1,223,381 shares of the auto parts company’s stock worth $7,548,000 after purchasing an additional 9,879 shares during the period. Pacific Ridge Capital Partners LLC raised its position in Motorcar Parts of America by 31.8% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 1,110,484 shares of the auto parts company’s stock valued at $6,852,000 after purchasing an additional 267,927 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Motorcar Parts of America by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 954,683 shares of the auto parts company’s stock worth $5,890,000 after buying an additional 64,408 shares during the period. Finally, Donald Smith & CO. Inc. grew its position in shares of Motorcar Parts of America by 23.1% during the 2nd quarter. Donald Smith & CO. Inc. now owns 940,587 shares of the auto parts company’s stock worth $5,803,000 after buying an additional 176,725 shares in the last quarter. 83.48% of the stock is currently owned by institutional investors.

About Motorcar Parts of America

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy-duty truck, industrial, marine, and agricultural application replacement parts in the United States. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; and brake-related products comprising brake calipers, brake boosters, brake rotors, brake pads, and brake master cylinders.