Pure Financial Advisors LLC Invests $5.78 Million in Motorcar Parts of America, Inc. $MPAA

Key Points

• Pure Financial Advisors LLC has invested approximately $5.78 million in Motorcar Parts of America, acquiring 516,129 shares and representing 2.65% ownership in the company.
• Other institutional investors have also adjusted their positions, with a total of 83.48% of the company's stock now owned by hedge funds and institutional investors.
• Motorcar Parts of America, Inc. operates in the auto parts industry, specializing in the manufacture and distribution of various replacement parts for heavy-duty and agricultural applications.

Pure Financial Advisors LLC acquired a new position in Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 516,129 shares of the auto parts company's stock, valued at approximately $5,781,000. Pure Financial Advisors LLC owned 2.65% of Motorcar Parts of America at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Donald Smith & CO. Inc. lifted its stake in shares of Motorcar Parts of America by 0.4% in the first quarter. Donald Smith & CO. Inc. now owns 1,024,058 shares of the auto parts company's stock worth $9,729,000 after buying an additional 3,650 shares in the last quarter. Charles Schwab Investment Management Inc. purchased a new position in shares of Motorcar Parts of America in the first quarter worth about $95,000. Corton Capital Inc. purchased a new position in shares of Motorcar Parts of America in the first quarter worth about $119,000. Acadian Asset Management LLC lifted its stake in shares of Motorcar Parts of America by 64.6% in the first quarter. Acadian Asset Management LLC now owns 36,326 shares of the auto parts company's stock worth $343,000 after buying an additional 14,251 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Motorcar Parts of America in the first quarter worth about $149,000. Institutional investors and hedge funds own 83.48% of the company's stock.

Motorcar Parts of America Stock Performance

NASDAQ:MPAA opened at $16.65 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.44 and a quick ratio of 0.42. The firm has a market capitalization of $322.18 million, a price-to-earnings ratio of 237.89 and a beta of 1.43. The company's 50-day moving average is $14.26 and its two-hundred day moving average is $11.70. Motorcar Parts of America, Inc. has a 1-year low of $5.16 and a 1-year high of $17.72.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.