Insider Selling: Motorcar Parts of America (NASDAQ:MPAA) SVP Sells 14,074 Shares of Stock

Motorcar Parts of America, Inc. (NASDAQ:MPAA) SVP Jamie Leigh Cook sold 14,074 shares of Motorcar Parts of America stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $15.03, for a total value of $211,532.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Motorcar Parts of America Price Performance

Shares of MPAA stock traded up $0.21 during trading hours on Tuesday, hitting $14.14. The company had a trading volume of 17,755 shares, compared to its average volume of 114,179. The firm’s fifty day moving average is $13.47 and its 200 day moving average is $12.11. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.47 and a current ratio of 1.46. The firm has a market capitalization of $267.51 million, a price-to-earnings ratio of 25.63 and a beta of 1.14. Motorcar Parts of America, Inc. has a 12 month low of $9.29 and a 12 month high of $18.12.

Motorcar Parts of America (NASDAQ:MPAA) last announced its quarterly earnings data on Monday, June 8th. The auto parts company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. The business had revenue of $212.28 million during the quarter, compared to analysts’ expectations of $175.96 million. Motorcar Parts of America had a return on equity of 5.53% and a net margin of 1.57%.During the same period in the previous year, the firm earned ($0.04) earnings per share. On average, sell-side analysts predict that Motorcar Parts of America, Inc. will post 1.28 EPS for the current fiscal year.

Institutional Trading of Motorcar Parts of America

Several hedge funds and other institutional investors have recently bought and sold shares of MPAA. Empowered Funds LLC lifted its position in Motorcar Parts of America by 10.1% during the first quarter. Empowered Funds LLC now owns 80,600 shares of the auto parts company’s stock worth $891,000 after purchasing an additional 7,413 shares during the period. Bank of America Corp DE raised its holdings in Motorcar Parts of America by 165.7% in the 1st quarter. Bank of America Corp DE now owns 30,049 shares of the auto parts company’s stock valued at $332,000 after buying an additional 18,741 shares during the last quarter. Royal Bank of Canada boosted its position in Motorcar Parts of America by 31.0% during the 1st quarter. Royal Bank of Canada now owns 72,839 shares of the auto parts company’s stock worth $805,000 after buying an additional 17,257 shares during the period. Sei Investments Co. bought a new stake in Motorcar Parts of America during the 1st quarter worth approximately $311,000. Finally, Dimensional Fund Advisors LP increased its position in Motorcar Parts of America by 5.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,133,796 shares of the auto parts company’s stock valued at $12,540,000 after acquiring an additional 57,191 shares during the period. Institutional investors and hedge funds own 83.48% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Weiss Ratings raised Motorcar Parts of America from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 9th. Cantor Fitzgerald restated an “overweight” rating on shares of Motorcar Parts of America in a report on Tuesday, June 9th. Finally, Wall Street Zen raised shares of Motorcar Parts of America from a “hold” rating to a “strong-buy” rating in a research note on Saturday, June 13th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Motorcar Parts of America currently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

About Motorcar Parts of America

Motorcar Parts of America, Inc is a leading North American designer, manufacturer and distributor of aftermarket automotive replacement parts. The company’s product portfolio spans collision and mechanical components, providing solutions for steering and suspension, brake systems, engine cooling, electrical and drivelines. Through a combination of proprietary brands and exclusive licensing agreements, Motorcar Parts of America offers an extensive selection of both new and remanufactured parts to meet the needs of automotive service professionals and retailers.

In addition to its core collision and under-hood product lines, the company markets specialty items such as performance accessories, tools and equipment.