Donald Smith & CO. Inc. Has $7.69 Million Position in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Donald Smith & CO. Inc. lifted its holdings in Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 10.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,040,545 shares of the auto parts company's stock after buying an additional 99,958 shares during the period. Donald Smith & CO. Inc. owned about 5.27% of Motorcar Parts of America worth $7,690,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MPAA. Private Capital Management LLC increased its holdings in shares of Motorcar Parts of America by 6.6% during the 1st quarter. Private Capital Management LLC now owns 2,842,726 shares of the auto parts company's stock valued at $22,856,000 after acquiring an additional 176,971 shares during the last quarter. Azarias Capital Management L.P. lifted its holdings in shares of Motorcar Parts of America by 0.8% during the 2nd quarter. Azarias Capital Management L.P. now owns 1,223,381 shares of the auto parts company's stock worth $7,548,000 after acquiring an additional 9,879 shares during the period. Pacific Ridge Capital Partners LLC raised its holdings in shares of Motorcar Parts of America by 31.8% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 1,110,484 shares of the auto parts company's stock worth $6,852,000 after buying an additional 267,927 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Motorcar Parts of America by 7.2% during the second quarter. Dimensional Fund Advisors LP now owns 954,683 shares of the auto parts company's stock valued at $5,890,000 after acquiring an additional 64,408 shares during the period. Finally, Vanguard Group Inc. boosted its position in Motorcar Parts of America by 1.7% in the first quarter. Vanguard Group Inc. now owns 857,108 shares of the auto parts company's stock valued at $6,891,000 after buying an additional 13,953 shares in the last quarter. 83.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Motorcar Parts of America news, major shareholder 325 Capital Llc purchased 16,608 shares of Motorcar Parts of America stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average price of $6.73 per share, for a total transaction of $111,771.84. Following the completion of the acquisition, the insider now owns 1,984,990 shares of the company's stock, valued at approximately $13,358,982.70. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 6.80% of the company's stock.

Motorcar Parts of America Price Performance

MPAA traded down $0.01 during trading on Wednesday, hitting $5.31. The company's stock had a trading volume of 25,521 shares, compared to its average volume of 80,897. The firm's 50 day moving average price is $6.23 and its two-hundred day moving average price is $5.91. The company has a quick ratio of 0.35, a current ratio of 1.38 and a debt-to-equity ratio of 0.12. Motorcar Parts of America, Inc. has a 12 month low of $4.36 and a 12 month high of $10.40. The stock has a market capitalization of $104.41 million, a price-to-earnings ratio of -2.06 and a beta of 1.41.

Motorcar Parts of America (NASDAQ:MPAA - Get Free Report) last issued its earnings results on Thursday, August 8th. The auto parts company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.39). The business had revenue of $169.89 million during the quarter, compared to the consensus estimate of $172.50 million. Motorcar Parts of America had a negative net margin of 9.06% and a negative return on equity of 0.93%.

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.