Azarias Capital Management L.P. Decreases Stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Azarias Capital Management L.P. trimmed its holdings in Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 41.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 634,649 shares of the auto parts company's stock after selling 448,456 shares during the quarter. Motorcar Parts of America makes up about 3.3% of Azarias Capital Management L.P.'s holdings, making the stock its 11th biggest position. Azarias Capital Management L.P. owned 3.24% of Motorcar Parts of America worth $6,029,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Tieton Capital Management LLC grew its position in Motorcar Parts of America by 22.8% in the 4th quarter. Tieton Capital Management LLC now owns 1,194,361 shares of the auto parts company's stock valued at $9,077,000 after buying an additional 221,925 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its position in Motorcar Parts of America by 17.1% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,115,849 shares of the auto parts company's stock valued at $8,480,000 after buying an additional 162,797 shares during the last quarter. Ancora Advisors LLC purchased a new position in Motorcar Parts of America in the 4th quarter valued at $512,000. Marshall Wace LLP grew its position in Motorcar Parts of America by 77.4% in the 4th quarter. Marshall Wace LLP now owns 115,331 shares of the auto parts company's stock valued at $877,000 after buying an additional 50,302 shares during the last quarter. Finally, 683 Capital Management LLC purchased a new position in Motorcar Parts of America in the 4th quarter valued at $332,000. 83.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Motorcar Parts of America Price Performance

Shares of NASDAQ MPAA traded up $0.39 during trading on Monday, hitting $10.15. 243,174 shares of the company were exchanged, compared to its average volume of 96,397. The company has a market cap of $197.32 million, a price-to-earnings ratio of -10.15 and a beta of 1.37. Motorcar Parts of America, Inc. has a 1 year low of $5.16 and a 1 year high of $12.72. The firm's fifty day moving average price is $10.21 and its 200 day moving average price is $9.15. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.46 and a quick ratio of 0.43.

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.