Ritholtz Wealth Management Takes $359,000 Position in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

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

Several other large investors have also recently added to or reduced their stakes in the business. OMERS ADMINISTRATION Corp acquired a new stake in Motorcar Parts of America in the 4th quarter valued at approximately $97,000. Millennium Management LLC increased its position 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 acquiring an additional 23,164 shares during the period. D. E. Shaw & Co. Inc. increased its position in 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 valued at $1,083,000 after acquiring an additional 13,644 shares during the period. Balyasny Asset Management L.P. acquired a new stake in Motorcar Parts of America in the 4th quarter valued at approximately $88,000. Finally, Ancora Advisors LLC bought a new position in Motorcar Parts of America during the 4th quarter valued at $512,000. 83.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen raised 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 $0.39 on Monday, reaching $10.15. 243,174 shares of the stock traded hands, compared to its average volume of 96,397. The firm's fifty day simple moving average is $10.21 and its 200 day simple moving average is $9.15. The company has a quick ratio of 0.43, a current ratio of 1.46 and a debt-to-equity ratio of 0.14. The company has a market cap of $197.32 million, a price-to-earnings ratio of -10.15 and a beta of 1.37. Motorcar Parts of America, Inc. has a 12 month low of $5.16 and a 12 month high of $12.72.

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.