Sequoia Financial Advisors LLC Takes Position in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Sequoia Financial Advisors LLC purchased a new position in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,062 shares of the auto parts company’s stock, valued at approximately $281,000. Sequoia Financial Advisors LLC owned about 0.19% of Motorcar Parts of America as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Capital Management LLC increased its position in Motorcar Parts of America by 6.6% during the first quarter. Private Capital Management LLC now owns 2,842,726 shares of the auto parts company’s stock worth $22,856,000 after purchasing an additional 176,971 shares during the last quarter. Acadian Asset Management LLC increased its position in Motorcar Parts of America by 9.9% during the first quarter. Acadian Asset Management LLC now owns 200,084 shares of the auto parts company’s stock worth $1,607,000 after purchasing an additional 18,001 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its position in shares of Motorcar Parts of America by 31.8% in the second quarter. Pacific Ridge Capital Partners LLC now owns 1,110,484 shares of the auto parts company’s stock worth $6,852,000 after acquiring an additional 267,927 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Motorcar Parts of America by 829.4% in the second quarter. Renaissance Technologies LLC now owns 110,600 shares of the auto parts company’s stock worth $682,000 after acquiring an additional 98,700 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Motorcar Parts of America by 2.2% in the second quarter. American Century Companies Inc. now owns 209,443 shares of the auto parts company’s stock worth $1,292,000 after acquiring an additional 4,595 shares in the last quarter. Institutional investors and hedge funds own 83.48% of the company’s stock.

Insider Activity

In other news, major shareholder 325 Capital Llc bought 16,608 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average cost of $6.73 per share, for a total transaction of $111,771.84. Following the completion of the purchase, the insider now owns 1,984,990 shares of the company’s stock, valued at $13,358,982.70. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.80% of the company’s stock.

Motorcar Parts of America Price Performance

Motorcar Parts of America stock opened at $5.42 on Tuesday. Motorcar Parts of America, Inc. has a 52-week low of $4.36 and a 52-week high of $10.40. The firm has a fifty day moving average of $6.26 and a 200-day moving average of $5.93. The firm has a market capitalization of $106.57 million, a P/E ratio of -2.08 and a beta of 1.41. 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) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.39). The firm had revenue of $169.89 million during the quarter, compared to analysts’ expectations 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%.

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.