37,764 Shares in Motorcar Parts of America, Inc. (NASDAQ:MPAA) Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management bought a new stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 37,764 shares of the auto parts company's stock, valued at approximately $359,000. Ritholtz Wealth Management owned approximately 0.19% of Motorcar Parts of America as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Northern Trust Corp lifted its holdings 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. Dimensional Fund Advisors LP raised its position in shares of 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 buying an additional 2,960 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Motorcar Parts of America by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 216,019 shares of the auto parts company's stock valued at $1,643,000 after buying an additional 3,025 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Motorcar Parts of America in the fourth quarter worth $88,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Motorcar Parts of America during the fourth quarter worth $97,000. Institutional investors own 83.48% of the company's stock.

Motorcar Parts of America Price Performance

Shares of NASDAQ:MPAA traded down $0.15 during mid-day trading on Friday, reaching $9.76. The stock had a trading volume of 153,805 shares, compared to its average volume of 96,617. The business's 50 day moving average price is $10.17 and its 200 day moving average price is $9.10. Motorcar Parts of America, Inc. has a 1 year low of $5.16 and a 1 year high of $12.72. The company has a market cap of $189.70 million, a P/E ratio of -9.76 and a beta of 1.38. The company has a current ratio of 1.46, a quick ratio of 0.43 and a debt-to-equity ratio of 0.14.

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 report on Friday, May 16th.

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.