683 Capital Management LLC Acquires New Holdings in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

683 Capital Management LLC bought a new position in Motorcar Parts of America, Inc. (NASDAQ:MPAA) during the 4th quarter, HoldingsChannel reports. The firm bought 43,648 shares of the auto parts company’s stock, valued at approximately $332,000.

Several other hedge funds also recently bought and sold shares of the company. Barclays PLC bought a new stake in shares of Motorcar Parts of America in the 3rd quarter valued at $79,000. Geode Capital Management LLC increased its holdings in shares of Motorcar Parts of America by 15.1% in the third quarter. Geode Capital Management LLC now owns 212,994 shares of the auto parts company’s stock worth $1,574,000 after acquiring an additional 27,961 shares in the last quarter. Atlas Legacy Advisors LLC acquired a new stake in shares of Motorcar Parts of America during the fourth quarter worth about $580,000. Bailard Inc. bought a new position in shares of Motorcar Parts of America during the 4th quarter valued at about $201,000. Finally, Victory Capital Management Inc. grew its position in shares of Motorcar Parts of America by 14.9% in the 4th quarter. Victory Capital Management Inc. now owns 110,310 shares of the auto parts company’s stock valued at $838,000 after purchasing an additional 14,310 shares during the period. 83.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a report on Wednesday.

Motorcar Parts of America Price Performance

Shares of NASDAQ MPAA opened at $9.50 on Friday. The company has a fifty day moving average price of $9.68 and a 200 day moving average price of $8.05. The firm has a market cap of $186.05 million, a PE ratio of -9.60 and a beta of 1.29. The company has a current ratio of 1.45, a quick ratio of 0.39 and a debt-to-equity ratio of 0.12. Motorcar Parts of America, Inc. has a 1-year low of $4.36 and a 1-year high of $11.89.

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.