Balyasny Asset Management L.P. Purchases Shares of 11,539 Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Balyasny Asset Management L.P. purchased a new stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,539 shares of the auto parts company’s stock, valued at approximately $88,000. Balyasny Asset Management L.P. owned 0.06% of Motorcar Parts of America at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Atlas Legacy Advisors LLC acquired a new stake in Motorcar Parts of America during the 4th quarter valued at approximately $580,000. Bailard Inc. bought a new stake in shares of Motorcar Parts of America in the 4th quarter valued at $201,000. Barclays PLC acquired a new stake in shares of Motorcar Parts of America during the third quarter worth $79,000. Pacific Ridge Capital Partners LLC increased its position in shares of Motorcar Parts of America by 17.1% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,115,849 shares of the auto parts company’s stock worth $8,480,000 after buying an additional 162,797 shares during the period. Finally, Tieton Capital Management LLC raised its stake in Motorcar Parts of America by 22.8% during the fourth quarter. Tieton Capital Management LLC now owns 1,194,361 shares of the auto parts company’s stock worth $9,077,000 after buying an additional 221,925 shares during the last quarter. 83.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a research report on Friday.

Motorcar Parts of America Trading Up 0.3%

Shares of MPAA stock opened at $10.88 on Monday. The company has a market cap of $213.07 million, a P/E ratio of -10.99 and a beta of 1.32. The stock has a 50 day simple moving average of $9.57 and a two-hundred day simple moving average of $8.37. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.39 and a current ratio of 1.45. Motorcar Parts of America, Inc. has a fifty-two week low of $4.36 and a fifty-two week high of $11.89.

Motorcar Parts of America Company Profile

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.