Motorcar Parts of America, Inc. (NASDAQ:MPAA) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 15.1% during the third quarter, Holdings Channel reports. The firm owned 212,994 shares of the auto parts company’s stock after purchasing an additional 27,961 shares during the period. Geode Capital Management LLC’s holdings in Motorcar Parts of America were worth $1,574,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Barclays PLC purchased a new position in shares of Motorcar Parts of America in the 3rd quarter valued at $79,000. Oppenheimer Asset Management Inc. boosted its stake in Motorcar Parts of America by 24.9% in the second 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 in the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Motorcar Parts of America during the third quarter worth about $281,000. Equitable Trust Co. grew its holdings in shares of Motorcar Parts of America by 9.3% during the third quarter. Equitable Trust Co. now owns 67,965 shares of the auto parts company’s stock worth $502,000 after purchasing an additional 5,780 shares during the last quarter. Finally, Perritt Capital Management Inc lifted its holdings in shares of Motorcar Parts of America by 6.7% in the 2nd quarter. Perritt Capital Management Inc now owns 78,050 shares of the auto parts company’s stock valued at $482,000 after purchasing an additional 4,867 shares during the last quarter. Hedge funds and other institutional investors own 83.48% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Cantor Fitzgerald assumed coverage on Motorcar Parts of America in a research note on Friday, December 20th. They set an “overweight” rating and a $14.00 price target on the stock. 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 4.8 %

NASDAQ MPAA opened at $7.36 on Thursday. Motorcar Parts of America, Inc. has a one year low of $4.36 and a one year high of $10.40. The firm has a market cap of $146.11 million, a PE ratio of -2.10 and a beta of 1.49. The firm’s fifty day moving average is $7.19 and its two-hundred day moving average is $6.53. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.43 and a current ratio of 1.39.

Insider Activity at Motorcar Parts of America

In other news, Director Bison Capital Partners Vi, L.P acquired 50,000 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were bought at an average cost of $6.86 per share, with a total value of $343,000.00. Following the purchase, the director now owns 320,300 shares of the company’s stock, valued at $2,197,258. This represents a 18.50 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 6.70% of the stock is currently owned by insiders.

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.