Motorcar Parts of America, Inc. (NASDAQ:MPAA - Get Free Report) Director Douglas B. Trussler acquired 20,300 shares of the company's stock in a transaction that occurred on Monday, June 17th. The stock was bought at an average cost of $5.73 per share, with a total value of $116,319.00. Following the purchase, the director now owns 270,300 shares in the company, valued at $1,548,819. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Motorcar Parts of America Trading Up 8.1 %
Motorcar Parts of America stock opened at $6.59 on Wednesday. The business has a 50 day moving average of $5.43 and a 200-day moving average of $7.69. Motorcar Parts of America, Inc. has a 1 year low of $4.36 and a 1 year high of $10.40. The company has a quick ratio of 0.40, a current ratio of 1.39 and a debt-to-equity ratio of 0.11.
Hedge Funds Weigh In On Motorcar Parts of America
Several institutional investors and hedge funds have recently added to or reduced their stakes in MPAA. Private Capital Management LLC increased its stake in shares of Motorcar Parts of America by 10.0% in the fourth quarter. Private Capital Management LLC now owns 2,665,755 shares of the auto parts company's stock valued at $24,898,000 after buying an additional 241,507 shares during the period. Acadian Asset Management LLC increased its position in Motorcar Parts of America by 211.4% during the 3rd quarter. Acadian Asset Management LLC now owns 167,593 shares of the auto parts company's stock valued at $1,354,000 after purchasing an additional 113,779 shares during the period. GSA Capital Partners LLP raised its holdings in Motorcar Parts of America by 86.0% during the 3rd quarter. GSA Capital Partners LLP now owns 176,336 shares of the auto parts company's stock worth $1,427,000 after purchasing an additional 81,507 shares during the last quarter. Cove Street Capital LLC lifted its position in shares of Motorcar Parts of America by 8.3% in the 4th quarter. Cove Street Capital LLC now owns 758,587 shares of the auto parts company's stock worth $7,085,000 after purchasing an additional 58,220 shares during the period. Finally, Azarias Capital Management L.P. boosted its stake in shares of Motorcar Parts of America by 2.6% in the 4th quarter. Azarias Capital Management L.P. now owns 1,211,910 shares of the auto parts company's stock valued at $11,319,000 after purchasing an additional 30,855 shares during the last quarter. 83.48% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
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Separately, StockNews.com lowered Motorcar Parts of America from a "buy" rating to a "hold" rating in a research report on Thursday, June 13th.
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About Motorcar Parts of America
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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.
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