683 Capital Management LLC bought a new stake in 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 firm bought 43,648 shares of the auto parts company's stock, valued at approximately $332,000. 683 Capital Management LLC owned about 0.22% of Motorcar Parts of America as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp lifted its holdings in Motorcar Parts of America by 4.7% in the fourth quarter. Northern Trust Corp now owns 52,469 shares of the auto parts company's stock worth $399,000 after purchasing an additional 2,347 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Motorcar Parts of America by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 961,295 shares of the auto parts company's stock worth $7,306,000 after purchasing an additional 2,960 shares in the last quarter. Geode Capital Management LLC lifted its stake in Motorcar Parts of America by 1.4% during 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 purchasing an additional 3,025 shares during the last quarter. Barclays PLC bought a new stake in Motorcar Parts of America during the third quarter worth approximately $79,000. Finally, Victory Capital Management Inc. grew its position in Motorcar Parts of America by 14.9% in the fourth quarter. Victory Capital Management Inc. now owns 110,310 shares of the auto parts company's stock worth $838,000 after buying an additional 14,310 shares during the last quarter. 83.48% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Motorcar Parts of America from a "buy" rating to a "strong-buy" rating in a research note on Thursday.
Check Out Our Latest Report on Motorcar Parts of America
Motorcar Parts of America Trading Up 5.1 %
NASDAQ MPAA traded up $0.48 on Thursday, hitting $9.71. 75,744 shares of the stock were exchanged, compared to its average volume of 93,021. The company has a market capitalization of $190.06 million, a price-to-earnings ratio of -9.80 and a beta of 1.32. 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 current ratio of 1.45 and a quick ratio of 0.39. The company's 50-day moving average price is $9.58 and its two-hundred day moving average price is $8.11.
About Motorcar Parts of America
(
Free Report)
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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