103,343 Shares in Motorcar Parts of America, Inc. (NASDAQ:MPAA) Bought by Informed Momentum Co LLC

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 shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. lifted its position in Motorcar Parts of America by 0.4% in the first quarter. Donald Smith & CO. Inc. now owns 1,024,058 shares of the auto parts company's stock worth $9,729,000 after purchasing an additional 3,650 shares during the period. Dimensional Fund Advisors LP lifted its position in Motorcar Parts of America by 0.3% in the fourth 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 during the period. Geode Capital Management LLC lifted its position in Motorcar Parts of America by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 216,019 shares of the auto parts company's stock worth $1,643,000 after purchasing an additional 3,025 shares during the period. Truffle Hound Capital LLC acquired a new position in Motorcar Parts of America during the first quarter worth $1,425,000. Finally, D. E. Shaw & Co. Inc. raised its stake in Motorcar Parts of America by 10.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 142,497 shares of the auto parts company's stock worth $1,083,000 after acquiring an additional 13,644 shares in the last quarter. Institutional investors and hedge funds own 83.48% of the company's stock.

Motorcar Parts of America Stock Down 3.2%

NASDAQ MPAA traded down $0.46 during trading on Friday, hitting $13.74. The stock had a trading volume of 123,963 shares, compared to its average volume of 155,028. 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 PE ratio of 196.31 and a beta of 1.39. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.43 and a current ratio of 1.44. The company's 50-day moving average price is $11.43 and its two-hundred day moving average price is $10.26.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wall Street Zen upgraded Motorcar Parts of America from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Zacks Research upgraded Motorcar Parts of America to a "strong-buy" rating in a research note on Friday, August 8th.

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.