Motorcar Parts of America, Inc. (NASDAQ:MPAA) Shares Sold by Acadian Asset Management LLC

Acadian Asset Management LLC trimmed its stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 7.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,763 shares of the auto parts company’s stock after selling 15,321 shares during the period. Acadian Asset Management LLC owned approximately 0.94% of Motorcar Parts of America worth $1,138,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. State Board of Administration of Florida Retirement System purchased a new position in shares of Motorcar Parts of America in the 1st quarter valued at $90,000. Sierra Summit Advisors LLC purchased a new position in shares of Motorcar Parts of America in the 4th quarter valued at $139,000. Privium Fund Management UK Ltd grew its position in shares of Motorcar Parts of America by 22.4% in the 2nd quarter. Privium Fund Management UK Ltd now owns 27,509 shares of the auto parts company’s stock valued at $163,000 after buying an additional 5,038 shares during the last quarter. Jump Financial LLC grew its position in shares of Motorcar Parts of America by 4.8% in the 4th quarter. Jump Financial LLC now owns 24,800 shares of the auto parts company’s stock valued at $232,000 after buying an additional 1,143 shares during the last quarter. Finally, Equitable Trust Co. grew its position in shares of Motorcar Parts of America by 7.3% in the 1st quarter. Equitable Trust Co. now owns 62,185 shares of the auto parts company’s stock valued at $500,000 after buying an additional 4,230 shares during the last quarter. 83.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Motorcar Parts of America Trading Up 9.9 %

Shares of Motorcar Parts of America stock opened at $6.13 on Monday. Motorcar Parts of America, Inc. has a 1 year low of $4.36 and a 1 year 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 1.38. The company has a market capitalization of $120.53 million, a P/E ratio of -2.36 and a beta of 1.41. The company’s fifty day moving average is $6.17 and its two-hundred day moving average is $6.29.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings data on Thursday, August 8th. The auto parts company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.39). Motorcar Parts of America had a negative return on equity of 0.93% and a negative net margin of 9.06%. The business had revenue of $169.89 million for the quarter, compared to analysts’ expectations of $172.50 million. Analysts forecast that Motorcar Parts of America, Inc. will post 0.35 earnings per share for the current year.

Insiders Place Their Bets

In other Motorcar Parts of America news, major shareholder 325 Capital Llc acquired 16,608 shares of the stock in a transaction on Tuesday, August 27th. The shares were bought at an average cost of $6.73 per share, with a total value of $111,771.84. Following the transaction, the insider now owns 1,984,990 shares of the company’s stock, valued at approximately $13,358,982.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.80% of the stock is currently owned by insiders.

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.