Tieton Capital Management LLC boosted its stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 22.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,194,361 shares of the auto parts company's stock after purchasing an additional 221,925 shares during the period. Motorcar Parts of America comprises approximately 3.6% of Tieton Capital Management LLC's holdings, making the stock its 9th largest position. Tieton Capital Management LLC owned approximately 6.02% of Motorcar Parts of America worth $9,077,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in MPAA. Captrust Financial Advisors boosted its stake in shares of Motorcar Parts of America by 3.1% during 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 period. Victory Capital Management Inc. boosted its position in Motorcar Parts of America by 9.1% during 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 last quarter. Barclays PLC purchased a new position in Motorcar Parts of America in the third quarter valued at about $79,000. Bailard Inc. acquired a new position in Motorcar Parts of America in the 4th quarter worth about $201,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Motorcar Parts of America by 15.1% during the 3rd quarter. Geode Capital Management LLC now owns 212,994 shares of the auto parts company's stock valued at $1,574,000 after buying an additional 27,961 shares during the last quarter. Institutional investors and hedge funds own 83.48% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have issued reports on MPAA. StockNews.com upgraded shares of Motorcar Parts of America from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 21st. Cantor Fitzgerald began coverage on shares of Motorcar Parts of America in a report on Friday, December 20th. They issued an "overweight" rating and a $14.00 price objective for the company.
Get Our Latest Stock Report on MPAA
Motorcar Parts of America Stock Performance
Shares of MPAA stock traded down $0.67 during trading on Friday, reaching $9.35. The company had a trading volume of 113,037 shares, compared to its average volume of 92,661. The company has a market capitalization of $183.11 million, a PE ratio of -9.44 and a beta of 1.35. 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 firm's 50 day simple moving average is $9.04 and its two-hundred day simple moving average is $7.56. Motorcar Parts of America, Inc. has a one year low of $4.36 and a one 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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