683 Capital Management LLC Acquires Shares of 43,648 Motorcar Parts of America, Inc. (NASDAQ:MPAA)

683 Capital Management LLC bought a new position in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 43,648 shares of the auto parts company's stock, valued at approximately $332,000. 683 Capital Management LLC owned approximately 0.22% of Motorcar Parts of America at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Tieton Capital Management LLC lifted its holdings in Motorcar Parts of America by 22.8% during the 4th quarter. Tieton Capital Management LLC now owns 1,194,361 shares of the auto parts company's stock worth $9,077,000 after buying an additional 221,925 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its position in shares of Motorcar Parts of America by 17.1% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,115,849 shares of the auto parts company's stock worth $8,480,000 after acquiring an additional 162,797 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Motorcar Parts of America by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 961,295 shares of the auto parts company's stock valued at $7,306,000 after acquiring an additional 2,960 shares during the period. Geode Capital Management LLC boosted its holdings in Motorcar Parts of America by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 216,019 shares of the auto parts company's stock valued at $1,643,000 after acquiring an additional 3,025 shares during the last quarter. Finally, Marshall Wace LLP increased its position in Motorcar Parts of America by 77.4% in the fourth quarter. Marshall Wace LLP now owns 115,331 shares of the auto parts company's stock worth $877,000 after purchasing an additional 50,302 shares during the period. 83.48% of the stock is owned by institutional investors.

Motorcar Parts of America Price Performance

MPAA opened at $9.50 on Friday. The company has a fifty day moving average price of $9.68 and a two-hundred day moving average price of $8.05. The firm has a market capitalization of $186.05 million, a PE ratio of -9.60 and a beta of 1.29. 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 debt-to-equity ratio of 0.12, a quick ratio of 0.39 and a current ratio of 1.45.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Motorcar Parts of America from a "buy" rating to a "strong-buy" rating in a research note on Wednesday.

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.

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