Tieton Capital Management LLC Sells 6,610 Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Tieton Capital Management LLC decreased its position in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 972,436 shares of the auto parts company’s stock after selling 6,610 shares during the quarter. Motorcar Parts of America makes up approximately 3.7% of Tieton Capital Management LLC’s holdings, making the stock its 10th largest holding. Tieton Capital Management LLC owned about 4.92% of Motorcar Parts of America worth $7,186,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MPAA. State Board of Administration of Florida Retirement System bought a new stake in shares of Motorcar Parts of America during the 1st quarter valued at $90,000. Privium Fund Management UK Ltd raised its position 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 acquiring an additional 5,038 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Motorcar Parts of America by 24.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 35,003 shares of the auto parts company’s stock valued at $216,000 after acquiring an additional 6,979 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Motorcar Parts of America during the 3rd quarter valued at $281,000. Finally, Equitable Trust Co. raised its position in shares of Motorcar Parts of America by 9.3% during the 3rd quarter. Equitable Trust Co. now owns 67,965 shares of the auto parts company’s stock valued at $502,000 after acquiring an additional 5,780 shares during the last quarter. Institutional investors and hedge funds own 83.48% of the company’s stock.

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 report on Wednesday, November 13th.

Motorcar Parts of America Trading Down 3.2 %

MPAA opened at $6.73 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.43 and a current ratio of 1.39. Motorcar Parts of America, Inc. has a 12 month low of $4.36 and a 12 month high of $10.40. The company has a fifty day simple moving average of $6.21 and a 200 day simple moving average of $5.98.

Insider Activity at Motorcar Parts of America

In other news, Director Bison Capital Partners Vi, L.P bought 50,000 shares of the stock in a transaction on Thursday, November 14th. The stock was purchased at an average price of $6.86 per share, for a total transaction of $343,000.00. Following the acquisition, the director now owns 320,300 shares in the company, valued at approximately $2,197,258. This trade represents a 18.50 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder 325 Capital Llc bought 16,608 shares of the stock in a transaction on Tuesday, August 27th. The shares were purchased at an average price of $6.73 per share, with a total value of $111,771.84. Following the acquisition, the insider now owns 1,984,990 shares in the company, valued at approximately $13,358,982.70. This represents a 0.84 % increase in their position. The disclosure for this purchase can be found here. 6.70% of the stock is owned by corporate insiders.

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.