Informed Momentum Co LLC Acquires New Position in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Key Points

• Informed Momentum Co LLC has purchased a new stake in Motorcar Parts of America, acquiring 103,343 shares valued at approximately $982,000, representing 0.53% ownership as per their latest SEC filing.
• Major institutional investors have been increasing their positions in Motorcar Parts of America, with 83.48% of the stock currently owned by these investors, reflecting growing interest in the company.
• Motorcar Parts of America was recently upgraded from a "buy" to a "strong-buy" rating by Wall Street Zen, indicating positive sentiment towards the stock's future performance.

Informed Momentum Co LLC purchased a new stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 103,343 shares of the auto parts company's stock, valued at approximately $982,000. Informed Momentum Co LLC owned about 0.53% of Motorcar Parts of America at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MPAA. Balyasny Asset Management L.P. acquired a new position in Motorcar Parts of America in the fourth quarter valued at $88,000. Charles Schwab Investment Management Inc. acquired a new position in Motorcar Parts of America in the first quarter valued at $95,000. OMERS ADMINISTRATION Corp acquired a new position in Motorcar Parts of America in the fourth quarter valued at $97,000. Corton Capital Inc. acquired a new position in Motorcar Parts of America in the first quarter valued at $119,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Motorcar Parts of America in the fourth quarter valued at $161,000. 83.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on MPAA shares. Wall Street Zen upgraded shares of Motorcar Parts of America from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Zacks Research upgraded shares of Motorcar Parts of America to a "strong-buy" rating in a research note on Friday, August 8th.

Motorcar Parts of America Price Performance

Shares of NASDAQ MPAA traded down $0.46 on Friday, hitting $13.74. The company's stock had a trading volume of 123,963 shares, compared to its average volume of 160,680. Motorcar Parts of America, Inc. has a 12-month low of $5.16 and a 12-month high of $15.04. The company has a market capitalization of $265.87 million, a price-to-earnings ratio of 196.31 and a beta of 1.39. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.44 and a quick ratio of 0.43. The stock has a 50 day moving average of $11.43 and a 200-day moving average of $10.28.

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.