Jane Street Group LLC Acquires New Stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Jane Street Group LLC purchased a new stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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.

Several other hedge funds have also made changes to their positions in MPAA. Tieton Capital Management LLC grew its holdings in Motorcar Parts of America by 22.8% during the 4th quarter. Tieton Capital Management LLC now owns 1,194,361 shares of the auto parts company's stock worth $9,077,000 after acquiring an additional 221,925 shares during the period. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Motorcar Parts of America by 17.1% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,115,849 shares of the auto parts company's stock worth $8,480,000 after acquiring an additional 162,797 shares during the period. Atlas Legacy Advisors LLC bought a new stake in shares of Motorcar Parts of America in the fourth quarter valued at approximately $580,000. Marshall Wace LLP lifted its stake in Motorcar Parts of America by 77.4% during the fourth quarter. Marshall Wace LLP now owns 115,331 shares of the auto parts company's stock worth $877,000 after purchasing an additional 50,302 shares during the last quarter. Finally, Bailard Inc. bought a new stake in Motorcar Parts of America during the fourth quarter worth $201,000. Institutional investors own 83.48% of the company's stock.

Analysts Set New Price Targets

Separately, 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.

Motorcar Parts of America Price Performance

NASDAQ MPAA traded up $0.08 on Thursday, hitting $11.85. 132,546 shares of the company's stock were exchanged, compared to its average volume of 96,379. The stock has a 50-day moving average of $9.75 and a 200-day moving average of $8.80. The stock has a market cap of $232.07 million, a price-to-earnings ratio of -11.97 and a beta of 1.32. The company has a current ratio of 1.45, a quick ratio of 0.39 and a debt-to-equity ratio of 0.12. Motorcar Parts of America, Inc. has a 52 week low of $4.36 and a 52 week high of $12.28.

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.