Motorcar Parts of America, Inc. (NASDAQ:MPAA) Shares Sold by Pacific Ridge Capital Partners LLC

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 reduced its position in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 about 2.7% of Pacific Ridge Capital Partners LLC's holdings, making the stock its 4th biggest holding. Pacific Ridge Capital Partners LLC owned approximately 5.45% of Motorcar Parts of America worth $10,136,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings 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 worth $7,306,000 after purchasing an additional 2,960 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of 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 buying an additional 3,025 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of Motorcar Parts of America by 10.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 142,497 shares of the auto parts company's stock worth $1,083,000 after buying an additional 13,644 shares in the last quarter. Marshall Wace LLP raised 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 valued at $877,000 after purchasing an additional 50,302 shares during the last quarter. Finally, Millennium Management LLC raised its stake in Motorcar Parts of America by 39.3% in the 4th quarter. Millennium Management LLC now owns 82,056 shares of the auto parts company's stock valued at $624,000 after purchasing an additional 23,164 shares during the last quarter. 83.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised 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 Stock Performance

Shares of MPAA stock traded up $0.36 on Tuesday, hitting $10.76. 48,828 shares of the stock traded hands, compared to its average volume of 150,688. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.46 and a quick ratio of 0.43. The company has a market capitalization of $208.23 million, a PE ratio of -10.78 and a beta of 1.39. Motorcar Parts of America, Inc. has a 1-year low of $5.16 and a 1-year high of $12.72. The company's fifty day moving average is $11.20 and its 200 day moving average is $9.92.

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.