Posted by admin on Aug 10th, 2022

SG Americas Securities LLC lowered its stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA – Get Rating) by 38.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,551 shares of the auto parts company’s stock after selling 8,386 shares during the period. SG Americas Securities LLC owned 0.07% of Motorcar Parts of America worth $242,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MPAA. Private Capital Management LLC increased its holdings in shares of Motorcar Parts of America by 3.9% in the fourth quarter. Private Capital Management LLC now owns 1,097,338 shares of the auto parts company’s stock valued at $18,732,000 after purchasing an additional 41,262 shares in the last quarter. Pzena Investment Management LLC grew its holdings in Motorcar Parts of America by 1.7% during the 4th quarter. Pzena Investment Management LLC now owns 1,797,163 shares of the auto parts company’s stock worth $30,678,000 after acquiring an additional 30,160 shares during the period. Victory Capital Management Inc. grew its holdings in Motorcar Parts of America by 45.4% during the 4th quarter. Victory Capital Management Inc. now owns 91,925 shares of the auto parts company’s stock worth $1,569,000 after acquiring an additional 28,723 shares during the period. Yousif Capital Management LLC acquired a new stake in Motorcar Parts of America during the 4th quarter worth $303,000. Finally, Acadian Asset Management LLC acquired a new stake in Motorcar Parts of America during the 4th quarter worth $267,000. Institutional investors and hedge funds own 98.39% of the company’s stock.

In other news, VP Richard K. Mochulsky sold 4,700 shares of the business’s stock in a transaction on Friday, June 24th. The shares were sold at an average price of $13.19, for a total value of $61,993.00. Following the completion of the transaction, the vice president now owns 7,901 shares of the company’s stock, valued at approximately $104,214.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.70% of the stock is owned by company insiders.

Separately, StockNews.com lowered shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Wednesday, June 15th.

MPAA opened at $14.21 on Wednesday. The company has a fifty day moving average price of $14.38 and a two-hundred day moving average price of $15.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.36 and a current ratio of 1.26. Motorcar Parts of America, Inc. has a 52 week low of $12.59 and a 52 week high of $22.46. The firm has a market capitalization of $273.19 million, a PE ratio of 38.41 and a beta of 1.64.

Motorcar Parts of America (NASDAQ:MPAA – Get Rating) last announced its quarterly earnings results on Tuesday, June 14th. The auto parts company reported $0.17 earnings per share (EPS) for the quarter. Motorcar Parts of America had a net margin of 1.13% and a return on equity of 10.38%. The company had revenue of $163.92 million during the quarter, compared to analyst estimates of $150.50 million. As a group, analysts anticipate that Motorcar Parts of America, Inc. will post 1.9 earnings per share for the current year.

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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