Jane Street Group LLC Buys Shares of 35,052 Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Jane Street Group LLC purchased a new position in Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 35,052 shares of the auto parts company's stock, valued at approximately $266,000. Jane Street Group LLC owned 0.18% of Motorcar Parts of America at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC bought a new position in Motorcar Parts of America in the 4th quarter worth approximately $161,000. Bailard Inc. purchased a new stake in shares of Motorcar Parts of America during the 4th quarter worth approximately $201,000. Northern Trust Corp raised its holdings in Motorcar Parts of America by 4.7% during the 4th quarter. Northern Trust Corp now owns 52,469 shares of the auto parts company's stock valued at $399,000 after buying an additional 2,347 shares during the period. Atlas Legacy Advisors LLC purchased a new stake in Motorcar Parts of America during the 4th quarter valued at $580,000. Finally, Victory Capital Management Inc. raised its holdings in Motorcar Parts of America by 14.9% during the 4th quarter. Victory Capital Management Inc. now owns 110,310 shares of the auto parts company's stock valued at $838,000 after buying an additional 14,310 shares during the period. 83.48% of the stock is currently owned by institutional investors.

Motorcar Parts of America Stock Up 0.6%

MPAA stock traded up $0.07 during trading on Friday, reaching $11.92. 175,271 shares of the company traded hands, compared to its average volume of 96,614. The business has a 50 day simple moving average of $9.91 and a 200 day simple moving average of $8.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.39 and a current ratio of 1.45. Motorcar Parts of America, Inc. has a 12 month low of $4.36 and a 12 month high of $12.40. The company has a market capitalization of $233.44 million, a price-to-earnings ratio of -12.04 and a beta of 1.38.

Wall Street Analysts Forecast Growth

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

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.