Motorcar Parts of America, Inc. (NASDAQ:MPAA) Stock Position Lowered by Equitable Trust Co.

Equitable Trust Co. trimmed its position in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 8.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,185 shares of the auto parts company’s stock after selling 5,780 shares during the period. Equitable Trust Co.’s holdings in Motorcar Parts of America were worth $473,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC purchased a new position in Motorcar Parts of America during the 3rd quarter valued at about $79,000. Geode Capital Management LLC boosted its holdings in shares of Motorcar Parts of America by 15.1% during the third quarter. Geode Capital Management LLC now owns 212,994 shares of the auto parts company’s stock worth $1,574,000 after purchasing an additional 27,961 shares during the period. Captrust Financial Advisors grew its position in Motorcar Parts of America by 3.1% during the third quarter. Captrust Financial Advisors now owns 99,635 shares of the auto parts company’s stock valued at $736,000 after purchasing an additional 3,005 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Motorcar Parts of America by 20.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 42,201 shares of the auto parts company’s stock valued at $312,000 after buying an additional 7,198 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Motorcar Parts of America by 9.1% in the 3rd quarter. Victory Capital Management Inc. now owns 96,000 shares of the auto parts company’s stock worth $709,000 after buying an additional 8,000 shares in the last quarter. 83.48% of the stock is currently owned by hedge funds and other institutional investors.

Motorcar Parts of America Trading Up 6.8 %

Shares of NASDAQ MPAA opened at $6.79 on Wednesday. The business has a 50 day simple moving average of $7.34 and a 200 day simple moving average of $6.64. Motorcar Parts of America, Inc. has a 52 week low of $4.36 and a 52 week high of $10.40. The stock has a market cap of $134.78 million, a price-to-earnings ratio of -1.94 and a beta of 1.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.43 and a current ratio of 1.39.

Analyst Ratings Changes

MPAA has been the topic of several research analyst reports. StockNews.com upgraded shares of Motorcar Parts of America from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. Cantor Fitzgerald initiated coverage on Motorcar Parts of America in a research note on Friday, December 20th. They issued an “overweight” rating and a $14.00 target price on the stock.

Insider Buying and Selling at Motorcar Parts of America

In related news, Director Bison Capital Partners Vi, L.P bought 50,000 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were bought at an average cost of $6.86 per share, for a total transaction of $343,000.00. Following the completion of the acquisition, the director now directly owns 320,300 shares in the company, valued at approximately $2,197,258. This represents a 18.50 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.70% of the company’s stock.

Motorcar Parts of America Profile

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.