Barclays PLC Takes $79,000 Position in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Barclays PLC acquired a new position in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 10,710 shares of the auto parts company’s stock, valued at approximately $79,000. Barclays PLC owned about 0.05% of Motorcar Parts of America at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MPAA. Donald Smith & CO. Inc. lifted its position in Motorcar Parts of America by 10.6% during the third quarter. Donald Smith & CO. Inc. now owns 1,040,545 shares of the auto parts company’s stock valued at $7,690,000 after acquiring an additional 99,958 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its position in shares of Motorcar Parts of America by 31.8% during 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 purchasing an additional 267,927 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Motorcar Parts of America by 829.4% during the 2nd quarter. Renaissance Technologies LLC now owns 110,600 shares of the auto parts company’s stock valued at $682,000 after purchasing an additional 98,700 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Motorcar Parts of America by 20.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 42,201 shares of the auto parts company’s stock worth $312,000 after purchasing an additional 7,198 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Motorcar Parts of America by 9.1% during the 3rd quarter. Victory Capital Management Inc. now owns 96,000 shares of the auto parts company’s stock worth $709,000 after buying an additional 8,000 shares during the last quarter. Hedge funds and other institutional investors own 83.48% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on MPAA. Cantor Fitzgerald assumed coverage on shares of Motorcar Parts of America in a research note on Friday, December 20th. They issued an “overweight” rating and a $14.00 target price for the company. StockNews.com upgraded shares of Motorcar Parts of America from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th.

Motorcar Parts of America Stock Down 4.8 %

Shares of MPAA stock opened at $7.36 on Friday. Motorcar Parts of America, Inc. has a twelve month low of $4.36 and a twelve month high of $10.40. The stock has a market cap of $146.11 million, a P/E ratio of -2.10 and a beta of 1.49. The stock has a 50 day moving average of $7.27 and a 200 day moving average of $6.54. The company has a current ratio of 1.39, a quick ratio of 0.43 and a debt-to-equity ratio of 0.12.

Insider Activity at Motorcar Parts of America

In other Motorcar Parts of America news, Director Bison Capital Partners Vi, L.P acquired 50,000 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were bought at an average cost of $6.86 per share, with a total value of $343,000.00. Following the completion of the acquisition, the director now owns 320,300 shares in the company, valued at approximately $2,197,258. This trade represents a 18.50 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.70% of the company’s stock.

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.