Motorcar Parts of America, Inc. (NASDAQ:MPAA) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lifted its holdings in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 24.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,003 shares of the auto parts company’s stock after purchasing an additional 6,979 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.18% of Motorcar Parts of America worth $216,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System acquired a new position in shares of Motorcar Parts of America in the first quarter valued at approximately $90,000. Sierra Summit Advisors LLC acquired a new position in Motorcar Parts of America during the 4th quarter worth approximately $139,000. Privium Fund Management UK Ltd acquired a new position in Motorcar Parts of America during the 1st quarter worth approximately $183,000. Jump Financial LLC grew its holdings in Motorcar Parts of America by 4.8% during the 4th quarter. Jump Financial LLC now owns 24,800 shares of the auto parts company’s stock worth $232,000 after acquiring an additional 1,143 shares in the last quarter. Finally, Equitable Trust Co. grew its holdings in Motorcar Parts of America by 7.3% during the 1st quarter. Equitable Trust Co. now owns 62,185 shares of the auto parts company’s stock worth $500,000 after acquiring an additional 4,230 shares in the last quarter. Institutional investors and hedge funds own 83.48% of the company’s stock.

Insider Activity

In related news, major shareholder 325 Capital Llc bought 16,608 shares of the stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average price of $6.73 per share, for a total transaction of $111,771.84. Following the acquisition, the insider now owns 1,984,990 shares in the company, valued at approximately $13,358,982.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 6.80% of the company’s stock.

Motorcar Parts of America Trading Down 3.8 %

NASDAQ MPAA opened at $6.01 on Monday. The company has a quick ratio of 0.35, a current ratio of 1.38 and a debt-to-equity ratio of 0.12. Motorcar Parts of America, Inc. has a 52 week low of $4.36 and a 52 week high of $10.40. The stock has a market capitalization of $118.17 million, a PE ratio of -2.31 and a beta of 1.41. The firm has a 50 day moving average of $6.18 and a two-hundred day moving average of $6.20.

Motorcar Parts of America (NASDAQ:MPAA) last issued its earnings results 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 net margin of 9.06% and a negative return on equity of 0.93%. The company had revenue of $169.89 million during the quarter, compared to analyst estimates of $172.50 million. As a group, research analysts expect that Motorcar Parts of America, Inc. will post 0.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.