Insider Buying: Motorcar Parts of America, Inc. (NASDAQ:MPAA) Director Acquires $116,319.00 in Stock

Motorcar Parts of America, Inc. (NASDAQ:MPAAGet Free Report) Director Douglas B. Trussler bought 20,300 shares of Motorcar Parts of America stock in a transaction on Monday, June 17th. The shares were purchased at an average cost of $5.73 per share, for a total transaction of $116,319.00. Following the completion of the purchase, the director now directly owns 270,300 shares of the company’s stock, valued at $1,548,819. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Motorcar Parts of America Stock Down 4.2 %

Shares of MPAA stock opened at $6.31 on Friday. The company has a quick ratio of 0.40, a current ratio of 1.39 and a debt-to-equity ratio of 0.11. The firm’s 50-day moving average is $5.43 and its two-hundred day moving average is $7.67. Motorcar Parts of America, Inc. has a 12 month low of $4.36 and a 12 month high of $10.40.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Report on Motorcar Parts of America

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 MPAA. Private Capital Management LLC raised its stake in shares of Motorcar Parts of America by 10.0% in the 4th quarter. Private Capital Management LLC now owns 2,665,755 shares of the auto parts company’s stock valued at $24,898,000 after acquiring an additional 241,507 shares during the period. Acadian Asset Management LLC raised its stake in shares of Motorcar Parts of America by 211.4% in the 3rd quarter. Acadian Asset Management LLC now owns 167,593 shares of the auto parts company’s stock valued at $1,354,000 after acquiring an additional 113,779 shares during the period. GSA Capital Partners LLP raised its stake in shares of Motorcar Parts of America by 86.0% in the 3rd quarter. GSA Capital Partners LLP now owns 176,336 shares of the auto parts company’s stock valued at $1,427,000 after acquiring an additional 81,507 shares during the period. Cove Street Capital LLC raised its stake in shares of Motorcar Parts of America by 8.3% in the 4th quarter. Cove Street Capital LLC now owns 758,587 shares of the auto parts company’s stock valued at $7,085,000 after acquiring an additional 58,220 shares during the period. Finally, Azarias Capital Management L.P. raised its stake in shares of Motorcar Parts of America by 2.6% in the 4th quarter. Azarias Capital Management L.P. now owns 1,211,910 shares of the auto parts company’s stock valued at $11,319,000 after acquiring an additional 30,855 shares during the period. 83.48% of the stock is owned by hedge funds and other institutional investors.

About Motorcar Parts of America

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Motorcar Parts of America (NASDAQ:MPAA)

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