Jane Street Group LLC Takes $266,000 Position in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Jane Street Group LLC bought a new stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 35,052 shares of the auto parts company’s stock, valued at approximately $266,000. Jane Street Group LLC owned approximately 0.18% of Motorcar Parts of America as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Motorcar Parts of America in the 4th quarter valued at about $161,000. Bailard Inc. acquired a new stake in shares of Motorcar Parts of America in the 4th quarter valued at about $201,000. Northern Trust Corp raised its stake in Motorcar Parts of America by 4.7% during the fourth quarter. Northern Trust Corp now owns 52,469 shares of the auto parts company’s stock worth $399,000 after acquiring an additional 2,347 shares during the period. Atlas Legacy Advisors LLC acquired a new stake in Motorcar Parts of America during the fourth quarter worth about $580,000. Finally, Victory Capital Management Inc. raised its stake in Motorcar Parts of America by 14.9% during the fourth quarter. Victory Capital Management Inc. now owns 110,310 shares of the auto parts company’s stock worth $838,000 after acquiring an additional 14,310 shares during the period. Institutional investors and hedge funds own 83.48% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 16th.

Motorcar Parts of America Trading Up 5.0%

Motorcar Parts of America stock opened at $11.90 on Wednesday. The firm has a 50 day simple moving average of $9.75 and a 200-day simple moving average of $8.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.45 and a quick ratio of 0.39. The stock has a market capitalization of $233.05 million, a PE ratio of -12.02 and a beta of 1.32. Motorcar Parts of America, Inc. has a 12-month low of $4.36 and a 12-month high of $12.12.

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.