Truffle Hound Capital LLC Makes New Investment in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Key Points

• Truffle Hound Capital LLC acquired a new stake in Motorcar Parts of America, buying 150,000 shares valued at approximately $1.425 million, representing about 0.77% of the company.
• Motorcar Parts of America stock decreased by 2.1%, trading at $10.15, with a market cap of $196.40 million and a PE ratio of -10.15.
• Wall Street analysts upgraded the stock from a "buy" to a "strong-buy" rating, indicating growing confidence in the company's future performance.

Truffle Hound Capital LLC bought a new stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 150,000 shares of the auto parts company's stock, valued at approximately $1,425,000. Truffle Hound Capital LLC owned approximately 0.77% of Motorcar Parts of America at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Geode Capital Management LLC boosted 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 worth $1,643,000 after acquiring an additional 3,025 shares in the last quarter. Marshall Wace LLP boosted its stake in Motorcar Parts of America by 77.4% during the fourth quarter. Marshall Wace LLP now owns 115,331 shares of the auto parts company's stock worth $877,000 after acquiring an additional 50,302 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in 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 worth $7,306,000 after acquiring an additional 2,960 shares in the last quarter. Northern Trust Corp boosted its stake in Motorcar Parts of America by 4.7% during the fourth quarter. Northern Trust Corp now owns 52,469 shares of the auto parts company's stock worth $399,000 after acquiring an additional 2,347 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Motorcar Parts of America during the fourth quarter worth about $161,000. Institutional investors own 83.48% of the company's stock.

Motorcar Parts of America Stock Down 2.1%

NASDAQ:MPAA traded down $0.22 during mid-day trading on Friday, hitting $10.15. 181,361 shares of the company's stock were exchanged, compared to its average volume of 124,558. Motorcar Parts of America, Inc. has a one year low of $5.16 and a one year high of $12.72. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.46 and a quick ratio of 0.43. The business has a fifty day moving average price of $11.20 and a 200 day moving average price of $9.87. The company has a market cap of $196.40 million, a PE ratio of -10.15 and a beta of 1.39.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Motorcar Parts of America from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th.

About Motorcar Parts of America

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.