Motorcar Parts of America, Inc. (MPAA) is SG Capital Management LLC’s 8th Largest Position

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SG Capital Management LLC boosted its stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 245.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 584,241 shares of the auto parts company’s stock after purchasing an additional 415,242 shares during the period. Motorcar Parts of America accounts for 3.4% of SG Capital Management LLC’s holdings, making the stock its 8th biggest holding. SG Capital Management LLC’s holdings in Motorcar Parts of America were worth $13,700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. National Investment Services Inc. WI increased its position in Motorcar Parts of America by 57.9% in the third quarter. National Investment Services Inc. WI now owns 38,487 shares of the auto parts company’s stock worth $903,000 after buying an additional 14,114 shares during the period. Private Capital Management LLC acquired a new stake in Motorcar Parts of America in the second quarter worth $26,854,000. Voce Capital Management LLC increased its position in Motorcar Parts of America by 32.5% in the second quarter. Voce Capital Management LLC now owns 247,418 shares of the auto parts company’s stock worth $4,629,000 after buying an additional 60,654 shares during the period. Waddell & Reed Financial Inc. increased its position in Motorcar Parts of America by 11.0% in the second quarter. Waddell & Reed Financial Inc. now owns 270,900 shares of the auto parts company’s stock worth $5,069,000 after buying an additional 26,900 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in Motorcar Parts of America in the second quarter worth $571,000.

In related news, Director Joseph Edwin Ferguson sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $26.45, for a total transaction of $26,450.00. Following the completion of the transaction, the director now owns 3,742 shares of the company’s stock, valued at $98,975.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey P. Mirvis sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $25.32, for a total value of $316,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 16,500 shares of company stock valued at $422,120. Company insiders own 4.70% of the company’s stock.

Several equities research analysts have weighed in on MPAA shares. Zacks Investment Research raised Motorcar Parts of America from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 16th. BidaskClub raised Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. ValuEngine cut Motorcar Parts of America from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. Finally, Roth Capital set a $25.00 price target on Motorcar Parts of America and gave the stock a “hold” rating in a research note on Sunday, August 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Motorcar Parts of America currently has an average rating of “Hold” and a consensus target price of $30.67.

Shares of NASDAQ:MPAA traded down $0.57 on Friday, hitting $19.95. The company’s stock had a trading volume of 113 shares, compared to its average volume of 147,883. Motorcar Parts of America, Inc. has a 12 month low of $18.09 and a 12 month high of $29.98. The stock has a market cap of $404.80 million, a price-to-earnings ratio of 12.07 and a beta of 1.70. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.48 and a current ratio of 1.46.

Motorcar Parts of America (NASDAQ:MPAA) last released its quarterly earnings results on Thursday, August 9th. The auto parts company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.06). Motorcar Parts of America had a return on equity of 10.53% and a net margin of 0.86%. The business had revenue of $92.57 million during the quarter, compared to the consensus estimate of $95.73 million. During the same period in the previous year, the company posted $0.43 EPS. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, equities research analysts predict that Motorcar Parts of America, Inc. will post 1.91 EPS for the current year.

Motorcar Parts of America Profile

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy duty trucks, and industrial and agricultural application parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake master cylinders; and other products, such as turbochargers, brake power boosters, and diagnostic equipment.

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Institutional Ownership by Quarter for Motorcar Parts of America (NASDAQ:MPAA)

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