Motorcar Parts of America, Inc. (NASDAQ:MPAA) Stake Lessened by GSA Capital Partners LLP

GSA Capital Partners LLP lowered its holdings in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 31.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,387 shares of the auto parts company’s stock after selling 27,741 shares during the period. GSA Capital Partners LLP owned approximately 0.31% of Motorcar Parts of America worth $583,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Balyasny Asset Management L.P. purchased a new stake in shares of Motorcar Parts of America during the fourth quarter worth $88,000. Corton Capital Inc. purchased a new stake in shares of Motorcar Parts of America during the first quarter worth $119,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Motorcar Parts of America during the fourth quarter worth $97,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Motorcar Parts of America during the fourth quarter worth $161,000. Finally, Jane Street Group LLC purchased a new stake in shares of Motorcar Parts of America during the fourth quarter worth $266,000. Hedge funds and other institutional investors own 83.48% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Motorcar Parts of America Trading Down 2.1%

Shares of NASDAQ:MPAA opened at $10.15 on Monday. The company has a market cap of $196.40 million, a P/E ratio of -10.15 and a beta of 1.39. The stock’s 50-day moving average is $11.20 and its 200-day moving average is $9.92. Motorcar Parts of America, Inc. has a 52-week low of $5.16 and a 52-week high of $12.72. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.43 and a current ratio of 1.46.

Motorcar Parts of America 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.