Motorcar Parts of America (NASDAQ:MPAA) SVP Jamie Leigh Cook Sells 14,074 Shares

Motorcar Parts of America, Inc. (NASDAQ:MPAA) SVP Jamie Leigh Cook sold 14,074 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $15.03, for a total value of $211,532.22. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Motorcar Parts of America Stock Performance

Shares of MPAA stock opened at $14.11 on Wednesday. The stock has a fifty day moving average of $13.55 and a 200 day moving average of $12.13. Motorcar Parts of America, Inc. has a 52 week low of $9.29 and a 52 week high of $18.12. The firm has a market capitalization of $266.96 million, a price-to-earnings ratio of 25.66 and a beta of 1.14. The company has a quick ratio of 0.47, a current ratio of 1.46 and a debt-to-equity ratio of 0.15.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings data on Monday, June 8th. The auto parts company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. Motorcar Parts of America had a net margin of 1.57% and a return on equity of 5.53%. The business had revenue of $212.28 million for the quarter, compared to the consensus estimate of $175.96 million. During the same period in the previous year, the firm earned ($0.04) EPS. As a group, research analysts expect that Motorcar Parts of America, Inc. will post 1.28 earnings per share for the current year.

Hedge Funds Weigh In On Motorcar Parts of America

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Motorcar Parts of America by 5.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,133,796 shares of the auto parts company’s stock valued at $12,540,000 after buying an additional 57,191 shares in the last quarter. Donald Smith & CO. Inc. lifted its position in Motorcar Parts of America by 21.5% during the 4th quarter. Donald Smith & CO. Inc. now owns 960,289 shares of the auto parts company’s stock valued at $11,850,000 after acquiring an additional 169,979 shares during the period. Pacific Ridge Capital Partners LLC lifted its position in Motorcar Parts of America by 3.5% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 692,502 shares of the auto parts company’s stock valued at $8,545,000 after acquiring an additional 23,221 shares during the period. Azarias Capital Management L.P. lifted its position in Motorcar Parts of America by 146.2% during the 1st quarter. Azarias Capital Management L.P. now owns 532,869 shares of the auto parts company’s stock valued at $5,894,000 after acquiring an additional 316,461 shares during the period. Finally, Marshall Wace LLP boosted its stake in Motorcar Parts of America by 96.6% during the second quarter. Marshall Wace LLP now owns 505,955 shares of the auto parts company’s stock worth $5,667,000 after acquiring an additional 248,637 shares in the last quarter. Hedge funds and other institutional investors own 83.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on MPAA shares. Wall Street Zen upgraded shares of Motorcar Parts of America from a “hold” rating to a “strong-buy” rating in a research report on Saturday, June 13th. Cantor Fitzgerald restated an “overweight” rating on shares of Motorcar Parts of America in a report on Tuesday, June 9th. Finally, Weiss Ratings raised Motorcar Parts of America from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.00.

Motorcar Parts of America Company Profile

Motorcar Parts of America, Inc is a leading North American designer, manufacturer and distributor of aftermarket automotive replacement parts. The company’s product portfolio spans collision and mechanical components, providing solutions for steering and suspension, brake systems, engine cooling, electrical and drivelines. Through a combination of proprietary brands and exclusive licensing agreements, Motorcar Parts of America offers an extensive selection of both new and remanufactured parts to meet the needs of automotive service professionals and retailers.

In addition to its core collision and under-hood product lines, the company markets specialty items such as performance accessories, tools and equipment.