Victory Capital Management Inc. Boosts Stock Position in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Victory Capital Management Inc. boosted its position in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 9.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,000 shares of the auto parts company’s stock after acquiring an additional 8,000 shares during the quarter. Victory Capital Management Inc. owned 0.49% of Motorcar Parts of America worth $709,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of 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. Vanguard Group Inc. increased its position in shares of Motorcar Parts of America by 1.7% during the first quarter. Vanguard Group Inc. now owns 857,108 shares of the auto parts company’s stock worth $6,891,000 after acquiring an additional 13,953 shares during the period. Private Capital Management LLC raised its stake in shares of Motorcar Parts of America by 6.6% in the first quarter. Private Capital Management LLC now owns 2,842,726 shares of the auto parts company’s stock valued at $22,856,000 after acquiring an additional 176,971 shares in the last quarter. Azarias Capital Management L.P. boosted its holdings in Motorcar Parts of America by 0.8% in the second quarter. Azarias Capital Management L.P. now owns 1,223,381 shares of the auto parts company’s stock valued at $7,548,000 after purchasing an additional 9,879 shares during the period. Finally, Privium Fund Management UK Ltd boosted its holdings in Motorcar Parts of America by 22.4% in the second quarter. Privium Fund Management UK Ltd now owns 27,509 shares of the auto parts company’s stock valued at $163,000 after purchasing an additional 5,038 shares during the period. 83.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised Motorcar Parts of America from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th.

Insider Transactions at Motorcar Parts of America

In other Motorcar Parts of America news, Director Bison Capital Partners Vi, L.P purchased 50,000 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were bought at an average cost of $6.86 per share, for a total transaction of $343,000.00. Following the completion of the purchase, the director now directly owns 320,300 shares in the company, valued at approximately $2,197,258. This represents a 18.50 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 6.70% of the company’s stock.

Motorcar Parts of America Stock Up 1.9 %

Shares of Motorcar Parts of America stock opened at $6.94 on Friday. Motorcar Parts of America, Inc. has a 52-week low of $4.36 and a 52-week high of $10.40. The company has a 50 day moving average of $6.27 and a 200 day moving average of $6.04. The company has a quick ratio of 0.43, a current ratio of 1.39 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $137.76 million, a P/E ratio of -1.98 and a beta of 1.44.

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.