Bailard Inc. purchased a new position in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 26,408 shares of the auto parts company's stock, valued at approximately $201,000. Bailard Inc. owned approximately 0.13% of Motorcar Parts of America at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Barclays PLC acquired a new position in Motorcar Parts of America in the third quarter valued at $79,000. Oppenheimer Asset Management Inc. increased its stake in Motorcar Parts of America by 20.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 42,201 shares of the auto parts company's stock valued at $312,000 after purchasing an additional 7,198 shares during the period. Equitable Trust Co. increased its stake in Motorcar Parts of America by 9.3% in the third quarter. Equitable Trust Co. now owns 67,965 shares of the auto parts company's stock valued at $502,000 after purchasing an additional 5,780 shares during the period. Atlas Legacy Advisors LLC acquired a new position in Motorcar Parts of America in the fourth quarter valued at $580,000. Finally, Victory Capital Management Inc. increased its stake in Motorcar Parts of America by 9.1% in the third quarter. Victory Capital Management Inc. now owns 96,000 shares of the auto parts company's stock valued at $709,000 after purchasing an additional 8,000 shares during the period. 83.48% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have commented on MPAA. StockNews.com lowered shares of Motorcar Parts of America from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 20th. Cantor Fitzgerald assumed coverage on shares of Motorcar Parts of America in a research note on Friday, December 20th. They issued an "overweight" rating and a $14.00 price objective on the stock.
Read Our Latest Research Report on MPAA
Motorcar Parts of America Stock Performance
Shares of NASDAQ:MPAA traded down $0.24 during midday trading on Friday, hitting $10.22. The stock had a trading volume of 158,236 shares, compared to its average volume of 123,810. The company has a market capitalization of $200.15 million, a PE ratio of -10.32 and a beta of 1.35. The stock has a 50 day moving average price of $8.10 and a two-hundred day moving average price of $7.15. The company has a current ratio of 1.45, a quick ratio of 0.39 and a debt-to-equity ratio of 0.12. Motorcar Parts of America, Inc. has a 1 year low of $4.36 and a 1 year high of $11.89.
Motorcar Parts of America Company Profile
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Free Report)
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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