Private Capital Management LLC lessened its holdings in Motorcar Parts of America, Inc. (NASDAQ:MPAA - Free Report) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,519,355 shares of the auto parts company's stock after selling 115,800 shares during the period. Motorcar Parts of America makes up approximately 2.0% of Private Capital Management LLC's portfolio, making the stock its 17th biggest holding. Private Capital Management LLC owned 12.69% of Motorcar Parts of America worth $19,147,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Barclays PLC bought a new stake in shares of Motorcar Parts of America in the 3rd quarter worth approximately $79,000. Atlas Legacy Advisors LLC purchased a new position in shares of Motorcar Parts of America during the 4th quarter valued at $580,000. Bailard Inc. bought a new position in shares of Motorcar Parts of America during the 4th quarter worth $201,000. Victory Capital Management Inc. increased its holdings in Motorcar Parts of America by 14.9% in the 4th quarter. Victory Capital Management Inc. now owns 110,310 shares of the auto parts company's stock worth $838,000 after acquiring an additional 14,310 shares during the last quarter. Finally, Tieton Capital Management LLC raised its stake in Motorcar Parts of America by 22.8% in the 4th quarter. Tieton Capital Management LLC now owns 1,194,361 shares of the auto parts company's stock valued at $9,077,000 after acquiring an additional 221,925 shares during the period. Hedge funds and other institutional investors own 83.48% of the company's stock.
Motorcar Parts of America Stock Performance
Shares of NASDAQ:MPAA traded up $0.17 during trading on Tuesday, hitting $10.90. 75,249 shares of the company were exchanged, compared to its average volume of 113,041. Motorcar Parts of America, Inc. has a 52-week low of $4.36 and a 52-week high of $11.89. The stock has a 50 day moving average of $9.57 and a 200 day moving average of $8.43. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.45 and a quick ratio of 0.39. The company has a market cap of $213.37 million, a PE ratio of -11.00 and a beta of 1.32.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Motorcar Parts of America from a "buy" rating to a "strong-buy" rating in a research report on Friday.
View Our Latest Stock Report on MPAA
Motorcar Parts of America Company Profile
(
Free Report)
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.
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