Azarias Capital Management L.P. Cuts Stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Azarias Capital Management L.P. lowered its position in Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 13.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,083,105 shares of the auto parts company's stock after selling 169,116 shares during the quarter. Motorcar Parts of America makes up about 3.7% of Azarias Capital Management L.P.'s holdings, making the stock its 14th biggest holding. Azarias Capital Management L.P. owned about 5.46% of Motorcar Parts of America worth $8,232,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its position in shares of Motorcar Parts of America by 3.1% in the 3rd quarter. Captrust Financial Advisors now owns 99,635 shares of the auto parts company's stock valued at $736,000 after buying an additional 3,005 shares during the last quarter. Equitable Trust Co. grew its holdings in shares of Motorcar Parts of America by 9.3% during the third quarter. Equitable Trust Co. now owns 67,965 shares of the auto parts company's stock worth $502,000 after purchasing an additional 5,780 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Motorcar Parts of America by 20.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 42,201 shares of the auto parts company's stock worth $312,000 after purchasing an additional 7,198 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Motorcar Parts of America by 9.1% in the 3rd 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 last quarter. Finally, Barclays PLC purchased a new stake in shares of Motorcar Parts of America in the 3rd quarter valued at about $79,000. Hedge funds and other institutional investors own 83.48% of the company's stock.

Motorcar Parts of America Stock Performance

Shares of NASDAQ:MPAA traded up $0.73 on Monday, reaching $9.30. The company's stock had a trading volume of 219,388 shares, compared to its average volume of 45,079. Motorcar Parts of America, Inc. has a 52-week low of $4.36 and a 52-week high of $9.87. The stock has a market capitalization of $184.61 million, a P/E ratio of -2.66 and a beta of 1.47. The stock's 50-day moving average is $7.36 and its two-hundred day moving average is $6.70. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.39 and a quick ratio of 0.43.

Analyst Upgrades and Downgrades

Several research analysts have commented on MPAA shares. Cantor Fitzgerald assumed coverage on Motorcar Parts of America in a research report on Friday, December 20th. They set an "overweight" rating and a $14.00 price target on the stock. StockNews.com upgraded shares of Motorcar Parts of America from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, February 12th.

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.