Motorcar Parts of America, Inc. (NASDAQ:MPAA) Stake Reduced by Private Capital Management LLC

Private Capital Management LLC reduced its stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,519,355 shares of the auto parts company’s stock after selling 115,800 shares during the quarter. Motorcar Parts of America comprises approximately 2.0% of Private Capital Management LLC’s holdings, making the stock its 17th largest position. Private Capital Management LLC owned 0.13% of Motorcar Parts of America worth $19,147,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC bought a new position in Motorcar Parts of America during the 3rd quarter worth $79,000. Balyasny Asset Management L.P. bought a new position in Motorcar Parts of America during the 4th quarter worth $88,000. OMERS ADMINISTRATION Corp bought a new position in Motorcar Parts of America during the 4th quarter worth $97,000. Schonfeld Strategic Advisors LLC bought a new position in Motorcar Parts of America during the 4th quarter worth $161,000. Finally, Bailard Inc. bought a new position in Motorcar Parts of America during the 4th quarter worth $201,000. 83.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 8th.

Motorcar Parts of America Trading Up 7.6%

NASDAQ:MPAA opened at $10.93 on Thursday. Motorcar Parts of America, Inc. has a 1 year low of $4.36 and a 1 year high of $11.89. The stock has a market cap of $214.05 million, a price-to-earnings ratio of -11.04 and a beta of 1.32. The business has a fifty day moving average of $9.54 and a 200-day moving average of $8.25. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.39 and a current ratio of 1.45.

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.