Motorcar Parts of America, Inc. (NASDAQ:MPAA) Shares Sold by Susquehanna Portfolio Strategies LLC

Susquehanna Portfolio Strategies LLC reduced its stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 60.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,459 shares of the auto parts company’s stock after selling 38,264 shares during the quarter. Susquehanna Portfolio Strategies LLC owned 0.13% of Motorcar Parts of America worth $157,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Sierra Summit Advisors LLC acquired a new position in shares of Motorcar Parts of America in the fourth quarter worth about $139,000. Private Capital Management LLC boosted its position in Motorcar Parts of America by 10.0% during the fourth quarter. Private Capital Management LLC now owns 2,665,755 shares of the auto parts company’s stock worth $24,898,000 after purchasing an additional 241,507 shares in the last quarter. Privium Fund Management UK Ltd purchased a new position in Motorcar Parts of America during the first quarter worth approximately $183,000. State Board of Administration of Florida Retirement System acquired a new stake in Motorcar Parts of America in the first quarter valued at approximately $90,000. Finally, Pacific Ridge Capital Partners LLC increased its position 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 buying an additional 27,082 shares in the last quarter. 83.48% of the stock is owned by institutional investors and hedge funds.

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 note on Thursday, June 13th.

Motorcar Parts of America Price Performance

MPAA stock opened at $6.64 on Monday. Motorcar Parts of America, Inc. has a 52 week low of $4.36 and a 52 week high of $10.40. The company has a quick ratio of 0.35, a current ratio of 1.38 and a debt-to-equity ratio of 0.12. The firm has a 50-day simple moving average of $6.19 and a 200-day simple moving average of $6.14. The stock has a market capitalization of $130.56 million, a P/E ratio of -2.55 and a beta of 1.41.

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

Insider Buying and Selling at Motorcar Parts of America

In other Motorcar Parts of America news, major shareholder 325 Capital Llc bought 16,608 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average price of $6.73 per share, with a total value of $111,771.84. Following the completion of the acquisition, the insider now directly owns 1,984,990 shares of the company’s stock, valued at $13,358,982.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.80% of the stock is currently owned by 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.