Posted by admin on Aug 15th, 2022

Motorcar Parts of America, Inc. (NASDAQ:MPAA – Get Rating) CFO David Sung Lee sold 23,944 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $14.46, for a total value of $346,230.24. Following the sale, the chief financial officer now owns 32,143 shares in the company, valued at approximately $464,787.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of NASDAQ:MPAA opened at $15.83 on Monday. The company has a 50 day moving average of $14.38 and a 200 day moving average of $15.36. The company has a current ratio of 1.28, a quick ratio of 0.36 and a debt-to-equity ratio of 0.04. The stock has a market cap of $304.33 million, a P/E ratio of 49.47 and a beta of 1.64. Motorcar Parts of America, Inc. has a 12 month low of $12.59 and a 12 month high of $21.80.

Motorcar Parts of America (NASDAQ:MPAA – Get Rating) last released its quarterly earnings results on Tuesday, June 14th. The auto parts company reported $0.17 earnings per share for the quarter. The firm had revenue of $163.92 million for the quarter, compared to analysts’ expectations of $150.50 million. Motorcar Parts of America had a net margin of 0.95% and a return on equity of 9.75%. As a group, sell-side analysts forecast that Motorcar Parts of America, Inc. will post 1.9 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of MPAA. Rhumbline Advisers increased its position in shares of Motorcar Parts of America by 1.4% in the fourth quarter. Rhumbline Advisers now owns 54,041 shares of the auto parts company’s stock worth $922,000 after purchasing an additional 720 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Motorcar Parts of America by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 202,094 shares of the auto parts company’s stock worth $3,604,000 after buying an additional 873 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Motorcar Parts of America by 1.1% in the 1st quarter. Victory Capital Management Inc. now owns 92,972 shares of the auto parts company’s stock worth $1,658,000 after buying an additional 1,047 shares during the last quarter. State of Tennessee Treasury Department raised its position in shares of Motorcar Parts of America by 17.9% during the 1st quarter. State of Tennessee Treasury Department now owns 7,235 shares of the auto parts company’s stock valued at $129,000 after buying an additional 1,096 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in shares of Motorcar Parts of America by 10.9% during the 1st quarter. Citigroup Inc. now owns 16,015 shares of the auto parts company’s stock worth $286,000 after acquiring an additional 1,574 shares during the last quarter. Hedge funds and other institutional investors own 98.39% of the company’s stock.

Separately, StockNews.com raised Motorcar Parts of America from a “hold” rating to a “buy” rating in a report on Thursday.

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy-duty truck, industrial, marine, and agricultural application replacement parts. 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.

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