Bison Capital Partners Vi, L.P Purchases 50,000 Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) Stock

Motorcar Parts of America, Inc. (NASDAQ:MPAA) Director Bison Capital Partners Vi, L.P bought 50,000 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was bought at an average cost of $6.86 per share, with a total value of $343,000.00. Following the completion of the purchase, the director now directly owns 320,300 shares in the company, valued at approximately $2,197,258. The trade was a 18.50 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Motorcar Parts of America Trading Down 5.3 %

Shares of Motorcar Parts of America stock traded down $0.37 on Monday, reaching $6.65. The company had a trading volume of 67,459 shares, compared to its average volume of 80,446. The firm’s 50 day moving average price is $6.12 and its two-hundred day moving average price is $5.95. The firm has a market cap of $132.00 million, a PE ratio of -2.01 and a beta of 1.44. 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 debt-to-equity ratio of 0.12, a quick ratio of 0.35 and a current ratio of 1.39.

Institutional Investors Weigh In On Motorcar Parts of America

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Private Capital Management LLC raised its stake in shares of Motorcar Parts of America by 6.6% in the 1st quarter. Private Capital Management LLC now owns 2,842,726 shares of the auto parts company’s stock valued at $22,856,000 after acquiring an additional 176,971 shares during the period. Azarias Capital Management L.P. grew its holdings 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 in the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in Motorcar Parts of America by 31.8% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 1,110,484 shares of the auto parts company’s stock worth $6,852,000 after acquiring an additional 267,927 shares in the last quarter. Donald Smith & CO. Inc. grew its holdings in Motorcar Parts of America by 10.6% during the 3rd quarter. Donald Smith & CO. Inc. now owns 1,040,545 shares of the auto parts company’s stock worth $7,690,000 after acquiring an additional 99,958 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Motorcar Parts of America by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 954,683 shares of the auto parts company’s stock worth $5,890,000 after acquiring an additional 64,408 shares in the last quarter. 83.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Motorcar Parts of America from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th.

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.