Truffle Hound Capital LLC Invests $1.43 Million 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 purchased a new stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 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 reporting period.

Several other institutional investors have also bought and sold shares of the stock. Balyasny Asset Management L.P. acquired a new position in Motorcar Parts of America in the fourth quarter valued at about $88,000. OMERS ADMINISTRATION Corp bought a new position in shares of Motorcar Parts of America during the fourth quarter worth approximately $97,000. Corton Capital Inc. bought a new position in shares of Motorcar Parts of America during the first quarter worth approximately $119,000. Schonfeld Strategic Advisors LLC bought a new position in Motorcar Parts of America during the 4th quarter worth $161,000. Finally, XTX Topco Ltd bought a new position in Motorcar Parts of America during the 1st quarter worth $183,000. Institutional investors and hedge funds own 83.48% of the company's stock.

Motorcar Parts of America Stock Up 3.5%

MPAA traded up $0.36 during midday trading on Tuesday, reaching $10.76. 48,828 shares of the company were exchanged, compared to its average volume of 150,688. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.43 and a current ratio of 1.46. The company's fifty day moving average price is $11.20 and its 200 day moving average price is $9.92. The company has a market cap of $208.23 million, a price-to-earnings ratio of -10.78 and a beta of 1.39. Motorcar Parts of America, Inc. has a one year low of $5.16 and a one year high of $12.72.

Analyst Ratings Changes

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

Motorcar Parts of America 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.