GSA Capital Partners LLP Reduces Holdings in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

GSA Capital Partners LLP reduced its stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 31.1% during the 1st quarter, according to the company in its most recent disclosure 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 0.31% of Motorcar Parts of America worth $583,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Balyasny Asset Management L.P. bought a new stake in shares of Motorcar Parts of America in the fourth quarter valued at approximately $88,000. Corton Capital Inc. bought a new stake in Motorcar Parts of America during the first quarter worth about $119,000. OMERS ADMINISTRATION Corp bought a new stake in Motorcar Parts of America during the fourth quarter worth about $97,000. Schonfeld Strategic Advisors LLC acquired a new position in Motorcar Parts of America during the fourth quarter valued at approximately $161,000. Finally, Jane Street Group LLC acquired a new stake in Motorcar Parts of America in the fourth quarter valued at approximately $266,000. 83.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of 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 $0.25 on Monday, reaching $10.40. 116,366 shares of the company's stock traded hands, compared to its average volume of 133,626. The stock has a market cap of $201.24 million, a PE ratio of -10.40 and a beta of 1.39. Motorcar Parts of America, Inc. has a 12 month low of $5.16 and a 12 month high of $12.72. The stock has a 50-day simple moving average of $11.20 and a 200 day simple moving average of $9.92. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.46 and a quick ratio of 0.43.

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.