Oppenheimer Asset Management Inc. Has $312,000 Stock Holdings in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Oppenheimer Asset Management Inc. lifted its stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 20.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,201 shares of the auto parts company’s stock after purchasing an additional 7,198 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.21% of Motorcar Parts of America worth $312,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System purchased a new position in shares of Motorcar Parts of America in the first quarter worth approximately $90,000. Privium Fund Management UK Ltd grew its position in Motorcar Parts of America by 22.4% during the 2nd quarter. Privium Fund Management UK Ltd now owns 27,509 shares of the auto parts company’s stock worth $163,000 after purchasing an additional 5,038 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Motorcar Parts of America during the 3rd quarter valued at $281,000. Perritt Capital Management Inc lifted its holdings in shares of Motorcar Parts of America by 6.7% in the second quarter. Perritt Capital Management Inc now owns 78,050 shares of the auto parts company’s stock valued at $482,000 after purchasing an additional 4,867 shares in the last quarter. Finally, Equitable Trust Co. boosted its position in shares of Motorcar Parts of America by 9.3% in the third quarter. Equitable Trust Co. now owns 67,965 shares of the auto parts company’s stock worth $502,000 after buying an additional 5,780 shares during the period. Hedge funds and other institutional investors own 83.48% of the company’s stock.

Insider Buying and Selling at Motorcar Parts of America

In other Motorcar Parts of America news, Director Bison Capital Partners Vi, L.P bought 50,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was bought at an average cost of $6.86 per share, with a total value of $343,000.00. Following the completion of the transaction, the director now directly owns 320,300 shares of the company’s stock, valued at approximately $2,197,258. The trade was a 18.50 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder 325 Capital Llc purchased 16,608 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were acquired at an average price of $6.73 per share, for a total transaction of $111,771.84. Following the acquisition, the insider now directly owns 1,984,990 shares in the company, valued at $13,358,982.70. This represents a 0.84 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 6.70% of the company’s stock.

Motorcar Parts of America Price Performance

NASDAQ MPAA opened at $6.64 on Thursday. The company has a 50 day simple moving average of $6.16 and a 200-day simple moving average of $5.97. 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 market capitalization of $131.82 million, a price-to-earnings ratio of -1.90 and a beta of 1.44. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.39 and a quick ratio of 0.43.

Analysts Set New Price Targets

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