Pacific Ridge Capital Partners LLC Cuts Stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Key Points

• Pacific Ridge Capital Partners LLC reduced its stake in Motorcar Parts of America by 4.4%, holding 1,066,972 shares after selling 48,877 during the first quarter.
• Several institutional investors, including Marshall Wace LLP, made significant investments in Motorcar Parts, with Marshall Wace increasing its stake by 77.4%.
• Analysts upgraded the stock from a "buy" rating to a "strong-buy" rating, indicating positive sentiment about the company's future performance.

Pacific Ridge Capital Partners LLC cut its holdings in Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,066,972 shares of the auto parts company's stock after selling 48,877 shares during the period. Motorcar Parts of America accounts for 2.7% of Pacific Ridge Capital Partners LLC's investment portfolio, making the stock its 4th biggest position. Pacific Ridge Capital Partners LLC owned approximately 5.45% of Motorcar Parts of America worth $10,136,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MPAA. Geode Capital Management LLC lifted 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 in the last quarter. Marshall Wace LLP lifted its stake 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 purchasing an additional 50,302 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Motorcar Parts of America by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 961,295 shares of the auto parts company's stock worth $7,306,000 after purchasing an additional 2,960 shares in the last quarter. Northern Trust Corp lifted its stake in 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 purchased a new stake in Motorcar Parts of America in the 4th quarter worth approximately $161,000. 83.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Motorcar Parts of America Price Performance

Shares of Motorcar Parts of America stock traded down $0.22 on Friday, hitting $10.15. 181,361 shares of the company traded hands, compared to its average volume of 124,558. The company has a market cap of $196.40 million, a P/E ratio of -10.15 and a beta of 1.39. The firm's 50-day simple moving average is $11.20 and its 200 day simple moving average is $9.87. Motorcar Parts of America, Inc. has a 12-month low of $5.16 and a 12-month high of $12.72. The company has a current ratio of 1.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.14.

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.