Motorcar Parts of America, Inc. (NASDAQ:MPAA) Director Purchases $343,000.00 in Stock

Motorcar Parts of America, Inc. (NASDAQ:MPAA) Director Bison Capital Partners Vi, L.P purchased 50,000 shares of Motorcar Parts of America stock in a transaction dated Thursday, November 14th. The shares were bought at an average price of $6.86 per share, with a total value of $343,000.00. Following the completion of the acquisition, the director now directly owns 320,300 shares of the company’s stock, valued at approximately $2,197,258. This represents a 18.50 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Motorcar Parts of America Stock Down 2.4 %

Motorcar Parts of America stock opened at $6.64 on Thursday. The firm has a market cap of $131.82 million, a price-to-earnings ratio of -1.90 and a beta of 1.44. The company has a current ratio of 1.39, a quick ratio of 0.43 and a debt-to-equity ratio of 0.12. Motorcar Parts of America, Inc. has a 12 month low of $4.36 and a 12 month high of $10.40. The stock has a fifty day simple moving average of $6.16 and a two-hundred day simple moving average of $5.97.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Motorcar Parts of America from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th.

Hedge Funds Weigh In On Motorcar Parts of America

Hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors grew its stake in shares of Motorcar Parts of America by 3.1% in the third quarter. Captrust Financial Advisors now owns 99,635 shares of the auto parts company’s stock worth $736,000 after acquiring an additional 3,005 shares during the period. Victory Capital Management Inc. boosted its holdings in Motorcar Parts of America by 4.8% in the second quarter. Victory Capital Management Inc. now owns 88,000 shares of the auto parts company’s stock worth $543,000 after purchasing an additional 4,000 shares during the last quarter. American Century Companies Inc. grew its position in Motorcar Parts of America by 2.2% in the 2nd quarter. American Century Companies Inc. now owns 209,443 shares of the auto parts company’s stock worth $1,292,000 after purchasing an additional 4,595 shares during the period. Perritt Capital Management Inc raised its stake in Motorcar Parts of America by 6.7% during the 2nd quarter. Perritt Capital Management Inc now owns 78,050 shares of the auto parts company’s stock valued at $482,000 after buying an additional 4,867 shares during the last quarter. Finally, Privium Fund Management UK Ltd lifted its holdings in shares of Motorcar Parts of America by 22.4% during the 2nd quarter. Privium Fund Management UK Ltd now owns 27,509 shares of the auto parts company’s stock valued at $163,000 after buying an additional 5,038 shares during the period. Hedge funds and other institutional investors own 83.48% of the company’s stock.

About Motorcar Parts of America

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.