GSA Capital Partners LLP Sells 27,741 Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA)

GSA Capital Partners LLP trimmed its holdings in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 31.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,387 shares of the auto parts company's stock after selling 27,741 shares during the period. GSA Capital Partners LLP owned about 0.31% of Motorcar Parts of America worth $583,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Motorcar Parts of America by 1.4% in the 4th 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. Marshall Wace LLP raised its holdings in Motorcar Parts of America by 77.4% in the 4th quarter. Marshall Wace LLP now owns 115,331 shares of the auto parts company's stock worth $877,000 after acquiring an additional 50,302 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Motorcar Parts of America by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 961,295 shares of the auto parts company's stock valued at $7,306,000 after acquiring an additional 2,960 shares during the last quarter. Northern Trust Corp increased its stake in shares of Motorcar Parts of America by 4.7% in the 4th quarter. Northern Trust Corp now owns 52,469 shares of the auto parts company's stock worth $399,000 after purchasing an additional 2,347 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Motorcar Parts of America in the fourth quarter worth approximately $161,000. Institutional investors and hedge funds own 83.48% of the company's stock.

Motorcar Parts of America Stock Performance

Shares of MPAA stock traded down $0.08 on Thursday, hitting $11.21. The company had a trading volume of 27,576 shares, compared to its average volume of 149,920. The company has a 50-day moving average price of $11.18 and a 200-day moving average price of $9.96. Motorcar Parts of America, Inc. has a twelve month low of $5.16 and a twelve month high of $12.72. The firm has a market cap of $216.82 million, a P/E ratio of -11.24 and a beta of 1.39. The company has a quick ratio of 0.43, a current ratio of 1.46 and a debt-to-equity ratio of 0.14.

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 report on Friday, May 16th.

Motorcar Parts of America 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.