Dimensional Fund Advisors LP Acquires 64,408 Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Dimensional Fund Advisors LP increased its holdings in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 7.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 954,683 shares of the auto parts company’s stock after purchasing an additional 64,408 shares during the period. Dimensional Fund Advisors LP owned approximately 4.86% of Motorcar Parts of America worth $5,890,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. State Board of Administration of Florida Retirement System acquired a new stake in Motorcar Parts of America during the 1st quarter worth approximately $90,000. Sierra Summit Advisors LLC acquired a new stake in shares of Motorcar Parts of America during the fourth quarter worth $139,000. Privium Fund Management UK Ltd lifted its position in 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 acquiring an additional 5,038 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in Motorcar Parts of America by 24.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 35,003 shares of the auto parts company’s stock valued at $216,000 after acquiring an additional 6,979 shares in the last quarter. Finally, Perritt Capital Management Inc boosted its stake in Motorcar Parts of America by 6.7% in the 2nd quarter. Perritt Capital Management Inc now owns 78,050 shares of the auto parts company’s stock worth $482,000 after purchasing an additional 4,867 shares during the period. 83.48% of the stock is currently owned by institutional investors and hedge funds.

Motorcar Parts of America Trading Down 6.6 %

NASDAQ:MPAA opened at $6.12 on Wednesday. The company has a market cap of $120.33 million, a P/E ratio of -2.35 and a beta of 1.41. Motorcar Parts of America, Inc. has a twelve month low of $4.36 and a twelve month high of $10.40. The business has a 50 day moving average price of $6.30 and a two-hundred day moving average price of $6.08. 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 (NASDAQ:MPAA) last announced its earnings results on Thursday, August 8th. The auto parts company reported ($0.37) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.39). The business had revenue of $169.89 million for the quarter, compared to analyst estimates of $172.50 million. Motorcar Parts of America had a negative return on equity of 0.93% and a negative net margin of 9.06%. As a group, analysts expect that Motorcar Parts of America, Inc. will post 0.35 EPS for the current fiscal year.

Insider Transactions at Motorcar Parts of America

In related news, major shareholder 325 Capital Llc purchased 16,608 shares of Motorcar Parts of America stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average cost of $6.73 per share, with a total value of $111,771.84. Following the completion of the transaction, the insider now owns 1,984,990 shares of the company’s stock, valued at approximately $13,358,982.70. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

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

Motorcar Parts of America 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.