Motorcar Parts of America, Inc. (NASDAQ:MPAA) Shares Sold by Private Capital Management LLC

Private Capital Management LLC reduced its position in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,519,355 shares of the auto parts company’s stock after selling 115,800 shares during the period. Motorcar Parts of America makes up approximately 2.0% of Private Capital Management LLC’s holdings, making the stock its 17th largest holding. Private Capital Management LLC owned approximately 12.69% of Motorcar Parts of America worth $19,147,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC acquired a new position in Motorcar Parts of America during the 3rd quarter worth approximately $79,000. Balyasny Asset Management L.P. acquired a new position in shares of Motorcar Parts of America in the 4th quarter valued at approximately $88,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Motorcar Parts of America in the 4th quarter valued at approximately $97,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Motorcar Parts of America in the 4th quarter valued at approximately $161,000. Finally, Bailard Inc. acquired a new position in shares of Motorcar Parts of America in the 4th quarter valued at approximately $201,000. 83.48% of the stock is owned by institutional investors and hedge funds.

Motorcar Parts of America Stock Performance

Shares of MPAA opened at $10.93 on Thursday. Motorcar Parts of America, Inc. has a 52-week low of $4.36 and a 52-week high of $11.89. The company has a quick ratio of 0.39, a current ratio of 1.45 and a debt-to-equity ratio of 0.12. The firm has a market cap of $214.05 million, a price-to-earnings ratio of -11.04 and a beta of 1.32. The business’s 50 day moving average is $9.54 and its two-hundred day moving average is $8.25.

Analysts Set New Price Targets

Separately, StockNews.com raised Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 8th.

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.