Jamie Leigh Cook Sells 14,074 Shares of Motorcar Parts of America (NASDAQ:MPAA) Stock

Motorcar Parts of America, Inc. (NASDAQ:MPAAGet Free Report) SVP Jamie Leigh Cook sold 14,074 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $15.03, for a total transaction of $211,532.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Motorcar Parts of America Stock Down 0.2%

MPAA stock opened at $14.08 on Thursday. Motorcar Parts of America, Inc. has a twelve month low of $9.29 and a twelve month high of $18.12. The company has a market cap of $266.39 million, a PE ratio of 25.60 and a beta of 1.14. The business’s 50-day simple moving average is $13.61 and its 200 day simple moving average is $12.13. The company has a quick ratio of 0.47, a current ratio of 1.46 and a debt-to-equity ratio of 0.15.

Motorcar Parts of America (NASDAQ:MPAAGet Free Report) last announced its quarterly earnings data on Monday, June 8th. The auto parts company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. Motorcar Parts of America had a return on equity of 5.53% and a net margin of 1.57%.The company had revenue of $212.28 million during the quarter, compared to the consensus estimate of $175.96 million. During the same quarter last year, the company earned ($0.04) EPS. On average, research analysts anticipate that Motorcar Parts of America, Inc. will post 1.28 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MPAA shares. Weiss Ratings raised shares of Motorcar Parts of America from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 9th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Motorcar Parts of America in a research report on Tuesday, June 9th. Finally, Wall Street Zen raised shares of Motorcar Parts of America from a “hold” rating to a “strong-buy” rating in a research note on Saturday, June 13th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Get Our Latest Stock Analysis on Motorcar Parts of America

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. boosted its stake in shares of Motorcar Parts of America by 4.1% in the 2nd quarter. Osaic Holdings Inc. now owns 23,712 shares of the auto parts company’s stock valued at $266,000 after purchasing an additional 933 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Motorcar Parts of America by 4.5% during the 2nd quarter. Lazard Asset Management LLC now owns 27,805 shares of the auto parts company’s stock worth $311,000 after purchasing an additional 1,191 shares in the last quarter. Barclays PLC lifted its holdings in Motorcar Parts of America by 6.1% during the 4th quarter. Barclays PLC now owns 20,720 shares of the auto parts company’s stock valued at $256,000 after purchasing an additional 1,196 shares during the last quarter. Atlas Legacy Advisors LLC boosted its position in Motorcar Parts of America by 1.7% in the fourth quarter. Atlas Legacy Advisors LLC now owns 93,443 shares of the auto parts company’s stock valued at $1,153,000 after buying an additional 1,553 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Motorcar Parts of America by 5.4% in the second quarter. Invesco Ltd. now owns 39,479 shares of the auto parts company’s stock valued at $442,000 after buying an additional 2,009 shares in the last quarter. 83.48% of the stock is currently owned by institutional investors and hedge funds.

Motorcar Parts of America Company Profile

(Get Free Report)

Motorcar Parts of America, Inc is a leading North American designer, manufacturer and distributor of aftermarket automotive replacement parts. The company’s product portfolio spans collision and mechanical components, providing solutions for steering and suspension, brake systems, engine cooling, electrical and drivelines. Through a combination of proprietary brands and exclusive licensing agreements, Motorcar Parts of America offers an extensive selection of both new and remanufactured parts to meet the needs of automotive service professionals and retailers.

In addition to its core collision and under-hood product lines, the company markets specialty items such as performance accessories, tools and equipment.

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