Acadian Asset Management LLC Lowers Position in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Acadian Asset Management LLC decreased its position in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 7.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 184,763 shares of the auto parts company’s stock after selling 15,321 shares during the period. Acadian Asset Management LLC’s holdings in Motorcar Parts of America were worth $1,138,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Private Capital Management LLC lifted its stake in shares of Motorcar Parts of America by 6.6% in the first quarter. Private Capital Management LLC now owns 2,842,726 shares of the auto parts company’s stock valued at $22,856,000 after purchasing an additional 176,971 shares during the period. Azarias Capital Management L.P. lifted its stake in shares of Motorcar Parts of America by 0.8% in the second quarter. Azarias Capital Management L.P. now owns 1,223,381 shares of the auto parts company’s stock valued at $7,548,000 after purchasing an additional 9,879 shares during the period. Vanguard Group Inc. lifted its stake in shares of Motorcar Parts of America by 1.7% in the first quarter. Vanguard Group Inc. now owns 857,108 shares of the auto parts company’s stock valued at $6,891,000 after purchasing an additional 13,953 shares during the period. Pacific Ridge Capital Partners LLC lifted its stake in shares of Motorcar Parts of America by 3.3% in the first quarter. Pacific Ridge Capital Partners LLC now owns 842,557 shares of the auto parts company’s stock valued at $6,774,000 after purchasing an additional 27,082 shares during the period. Finally, Cove Street Capital LLC lifted its stake in shares of Motorcar Parts of America by 8.3% in the fourth quarter. Cove Street Capital LLC now owns 758,587 shares of the auto parts company’s stock valued at $7,085,000 after purchasing an additional 58,220 shares during the period. Institutional investors and hedge funds own 83.48% of the company’s stock.

Insider Transactions at Motorcar Parts of America

In other news, major shareholder 325 Capital Llc purchased 16,608 shares of the stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average cost of $6.73 per share, for a total transaction of $111,771.84. Following the completion of the acquisition, the insider now directly owns 1,984,990 shares in the company, valued at approximately $13,358,982.70. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research report on Thursday, June 13th.

Motorcar Parts of America Stock Performance

Shares of MPAA opened at $6.13 on Monday. The company has a current ratio of 1.38, a quick ratio of 0.35 and a debt-to-equity ratio of 0.12. The stock has a market cap of $120.53 million, a P/E ratio of -2.36 and a beta of 1.41. The company has a 50-day moving average of $6.17 and a two-hundred day moving average of $6.29. Motorcar Parts of America, Inc. has a 12-month low of $4.36 and a 12-month high of $10.40.

Motorcar Parts of America (NASDAQ:MPAA) last announced its earnings results on Thursday, August 8th. The auto parts company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.39). The business had revenue of $169.89 million for the quarter, compared to analyst estimates of $172.50 million. Motorcar Parts of America had a negative return on equity of 0.93% and a negative net margin of 9.06%. As a group, research analysts predict that Motorcar Parts of America, Inc. will post 0.35 EPS for the current fiscal year.

Motorcar Parts of America Company 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.