65,000 Shares in Motorcar Parts of America, Inc. $MPAA Purchased by Manatuck Hill Partners LLC

Manatuck Hill Partners LLC bought a new stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 65,000 shares of the auto parts company’s stock, valued at approximately $996,000. Manatuck Hill Partners LLC owned about 0.34% of Motorcar Parts of America at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Donald Smith & CO. Inc. purchased a new position in Motorcar Parts of America in the 2nd quarter valued at $18,965,000. Dimensional Fund Advisors LP grew its holdings in shares of Motorcar Parts of America by 5.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,133,796 shares of the auto parts company’s stock worth $12,540,000 after buying an additional 57,191 shares in the last quarter. Azarias Capital Management L.P. raised its position in shares of Motorcar Parts of America by 146.2% in the first quarter. Azarias Capital Management L.P. now owns 532,869 shares of the auto parts company’s stock valued at $5,894,000 after buying an additional 316,461 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Motorcar Parts of America by 2,191.3% in the second quarter. BNP Paribas Financial Markets now owns 2,887 shares of the auto parts company’s stock valued at $32,000 after buying an additional 2,761 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Motorcar Parts of America in the second quarter worth about $944,000. Hedge funds and other institutional investors own 83.48% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Jamie Leigh Cook sold 14,074 shares of the business’s 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 filing with the SEC, which is available through the SEC website. 8.40% of the stock is currently owned by company insiders.

Motorcar Parts of America Stock Up 1.5%

Shares of NASDAQ MPAA opened at $11.73 on Wednesday. The company has a market capitalization of $222.05 million, a P/E ratio of -37.84 and a beta of 1.16. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.44 and a quick ratio of 0.39. The company has a 50 day simple moving average of $13.78 and a 200-day simple moving average of $12.08. Motorcar Parts of America, Inc. has a 1 year low of $9.29 and a 1 year high of $18.12.

Motorcar Parts of America (NASDAQ:MPAA) last posted its earnings results on Monday, August 10th. The auto parts company reported ($0.71) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.91). The business had revenue of $168.02 million for the quarter, compared to analyst estimates of $183.00 million. Motorcar Parts of America had a negative return on equity of 0.57% and a negative net margin of 0.53%. On average, equities research analysts predict that Motorcar Parts of America, Inc. will post 1.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on MPAA shares. Raymond James Financial set a $16.00 price objective on shares of Motorcar Parts of America in a report on Tuesday, August 18th. Weiss Ratings cut Motorcar Parts of America from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Wall Street Zen cut Motorcar Parts of America from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Motorcar Parts of America in a research report on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Motorcar Parts of America presently has an average rating of “Hold” and a consensus price target of $18.00.

Motorcar Parts of America Company Profile

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.