Motorcar Parts of America, Inc. (NASDAQ:MPAA) is Pacific Ridge Capital Partners LLC's 9th Largest Position

Pacific Ridge Capital Partners LLC boosted its stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 17.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,115,849 shares of the auto parts company's stock after acquiring an additional 162,797 shares during the period. Motorcar Parts of America accounts for about 1.9% of Pacific Ridge Capital Partners LLC's holdings, making the stock its 9th biggest position. Pacific Ridge Capital Partners LLC owned about 5.62% of Motorcar Parts of America worth $8,480,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tieton Capital Management LLC grew its stake in shares of Motorcar Parts of America by 22.8% during the 4th quarter. Tieton Capital Management LLC now owns 1,194,361 shares of the auto parts company's stock worth $9,077,000 after acquiring an additional 221,925 shares during the period. Geode Capital Management LLC raised its position in shares of Motorcar Parts of America by 15.1% in the third quarter. Geode Capital Management LLC now owns 212,994 shares of the auto parts company's stock valued at $1,574,000 after purchasing an additional 27,961 shares during the period. Victory Capital Management Inc. raised its position in shares of Motorcar Parts of America by 14.9% in the fourth quarter. Victory Capital Management Inc. now owns 110,310 shares of the auto parts company's stock valued at $838,000 after purchasing an additional 14,310 shares during the period. Captrust Financial Advisors lifted 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 in the last quarter. Finally, Atlas Legacy Advisors LLC purchased a new position in Motorcar Parts of America in the 4th quarter valued at approximately $580,000. 83.48% of the stock is currently owned by hedge funds and other institutional investors.

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Motorcar Parts of America Price Performance

Shares of NASDAQ MPAA traded down $0.06 during trading hours on Monday, reaching $9.29. 31,586 shares of the stock traded hands, compared to its average volume of 92,421. The company has a market capitalization of $181.94 million, a P/E ratio of -9.39 and a beta of 1.35. The company's 50-day simple moving average is $9.04 and its two-hundred day simple moving average is $7.59. The company has a quick ratio of 0.39, a current ratio of 1.45 and a debt-to-equity ratio of 0.12. Motorcar Parts of America, Inc. has a 52-week low of $4.36 and a 52-week high of $11.89.

Analysts Set New Price Targets

MPAA has been the topic of a number of recent research reports. Cantor Fitzgerald began coverage on Motorcar Parts of America in a report on Friday, December 20th. They set an "overweight" rating and a $14.00 price objective 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 Friday, March 21st.

Motorcar Parts of America Company 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.