Motorcar Parts of America, Inc. (NASDAQ:MPAA) CEO Joffe Selwyn Purchases 1,000 Shares

Motorcar Parts of America, Inc. (NASDAQ:MPAA) CEO Joffe Selwyn purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were acquired at an average price of $15.75 per share, with a total value of $15,750.00. Following the purchase, the chief executive officer now directly owns 200,965 shares in the company, valued at approximately $3,165,198.75. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

MPAA stock traded up $0.16 on Thursday, reaching $15.19. The company’s stock had a trading volume of 818 shares, compared to its average volume of 131,084. The company has a fifty day moving average price of $18.13. Motorcar Parts of America, Inc. has a 12-month low of $12.09 and a 12-month high of $27.19. The stock has a market capitalization of $282.79 million, a price-to-earnings ratio of 10.08 and a beta of 1.61. The company has a current ratio of 1.23, a quick ratio of 0.33 and a debt-to-equity ratio of 0.26.

Motorcar Parts of America (NASDAQ:MPAA) last announced its quarterly earnings data on Thursday, August 8th. The auto parts company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $108.60 million during the quarter, compared to analyst estimates of $106.08 million. Motorcar Parts of America had a positive return on equity of 9.93% and a negative net margin of 1.73%. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 earnings per share. On average, equities analysts expect that Motorcar Parts of America, Inc. will post 1.71 EPS for the current year.

A number of analysts have commented on the stock. TheStreet lowered shares of Motorcar Parts of America from a “c” rating to a “d+” rating in a research note on Thursday, August 8th. BidaskClub lowered shares of Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Thursday, July 4th. Finally, ValuEngine raised shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $28.00.

A number of institutional investors have recently made changes to their positions in MPAA. Victory Capital Management Inc. lifted its position in shares of Motorcar Parts of America by 17.1% during the 2nd quarter. Victory Capital Management Inc. now owns 113,700 shares of the auto parts company’s stock valued at $2,434,000 after buying an additional 16,600 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new position in shares of Motorcar Parts of America in the second quarter valued at approximately $874,000. Morgan Stanley lifted its position in shares of Motorcar Parts of America by 955.0% in the second quarter. Morgan Stanley now owns 86,907 shares of the auto parts company’s stock valued at $1,860,000 after acquiring an additional 78,669 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Motorcar Parts of America by 37.2% in the second quarter. Bank of America Corp DE now owns 46,571 shares of the auto parts company’s stock valued at $997,000 after acquiring an additional 12,630 shares in the last quarter. Finally, Private Capital Management LLC lifted its position in shares of Motorcar Parts of America by 1.9% in the second quarter. Private Capital Management LLC now owns 1,640,996 shares of the auto parts company’s stock valued at $35,134,000 after acquiring an additional 30,145 shares in the last quarter.

About Motorcar Parts of America

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy duty trucks, and industrial and agricultural application parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake master cylinders; and other products, such as turbochargers, brake power boosters, and diagnostic equipment.

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