Victory Capital Management Inc. Has $543,000 Stock Position in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Victory Capital Management Inc. grew its stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,000 shares of the auto parts company’s stock after buying an additional 4,000 shares during the period. Victory Capital Management Inc. owned approximately 0.45% of Motorcar Parts of America worth $543,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Private Capital Management LLC raised its position in Motorcar Parts of America by 10.0% in the 4th quarter. Private Capital Management LLC now owns 2,665,755 shares of the auto parts company’s stock valued at $24,898,000 after buying an additional 241,507 shares during the last quarter. Cove Street Capital LLC increased its holdings in Motorcar Parts of America by 8.3% in the 4th quarter. Cove Street Capital LLC now owns 758,587 shares of the auto parts company’s stock worth $7,085,000 after purchasing an additional 58,220 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in Motorcar Parts of America by 3.3% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 842,557 shares of the auto parts company’s stock worth $6,774,000 after purchasing an additional 27,082 shares in the last quarter. Privium Fund Management UK Ltd acquired a new position in Motorcar Parts of America in the 1st quarter worth about $183,000. Finally, Acadian Asset Management LLC increased its stake in shares of Motorcar Parts of America by 9.9% in the first quarter. Acadian Asset Management LLC now owns 200,084 shares of the auto parts company’s stock valued at $1,607,000 after buying an additional 18,001 shares during the period. Institutional investors own 83.48% of the company’s stock.

Motorcar Parts of America Stock Down 3.8 %

Shares of NASDAQ:MPAA opened at $6.01 on Monday. 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 debt-to-equity ratio of 0.12, a quick ratio of 0.35 and a current ratio of 1.38. The business’s 50 day simple moving average is $6.18 and its two-hundred day simple moving average is $6.20. The firm has a market cap of $118.17 million, a P/E ratio of -2.31 and a beta of 1.41.

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

Analyst Ratings Changes

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

Insider Activity at Motorcar Parts of America

In other Motorcar Parts of America news, major shareholder 325 Capital Llc purchased 16,608 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was bought 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. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.80% of the stock is currently owned by company insiders.

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.