Motorcar Parts of America, Inc. $MPAA Shares Sold by Azarias Capital Management L.P.

Key Points

• Azarias Capital Management L.P. has decreased its stake in Motorcar Parts of America, Inc. by 3.0%, now holding 615,852 shares, which constitutes around 3.1% of its investment portfolio.
• Several hedge funds have recently acquired stakes in Motorcar Parts of America, with Goldman Sachs Group Inc. increasing its stake by an impressive 294.3% in Q1.
• Motorcar Parts of America shares are currently trading at $16.43, with a 52-week range of $5.16 to $17.72, and the company holds a market capitalization of $317.92 million.

Azarias Capital Management L.P. lowered its stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 3.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 615,852 shares of the auto parts company's stock after selling 18,797 shares during the quarter. Motorcar Parts of America makes up about 3.1% of Azarias Capital Management L.P.'s investment portfolio, making the stock its 10th largest holding. Azarias Capital Management L.P. owned approximately 3.17% of Motorcar Parts of America worth $6,898,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in MPAA. Pure Financial Advisors LLC acquired a new stake in shares of Motorcar Parts of America during the second quarter worth approximately $5,781,000. Truffle Hound Capital LLC acquired a new position in Motorcar Parts of America during the 1st quarter worth $1,425,000. Informed Momentum Co LLC acquired a new position in Motorcar Parts of America during the 1st quarter worth $982,000. Goldman Sachs Group Inc. grew its stake in Motorcar Parts of America by 294.3% in the first quarter. Goldman Sachs Group Inc. now owns 105,432 shares of the auto parts company's stock worth $1,002,000 after purchasing an additional 78,695 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in Motorcar Parts of America by 156.0% in the first quarter. Jane Street Group LLC now owns 89,733 shares of the auto parts company's stock valued at $852,000 after buying an additional 54,681 shares during the last quarter. Institutional investors and hedge funds own 83.48% of the company's stock.

Motorcar Parts of America Trading Up 2.8%

NASDAQ MPAA opened at $16.43 on Friday. Motorcar Parts of America, Inc. has a one year low of $5.16 and a one year high of $17.72. The company has a 50-day simple moving average of $14.42 and a 200-day simple moving average of $11.77. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.42 and a current ratio of 1.44. The firm has a market capitalization of $317.92 million, a PE ratio of 234.75 and a beta of 1.43.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "hold (c-)" rating on shares of Motorcar Parts of America in a report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $14.00.

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.

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