Motorcar Parts of America, Inc. (NASDAQ:MPAA) Shares Sold by Equitable Trust Co.

Equitable Trust Co. lowered its stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 8.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,185 shares of the auto parts company’s stock after selling 5,780 shares during the quarter. Equitable Trust Co. owned approximately 0.31% of Motorcar Parts of America worth $473,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MPAA. Barclays PLC acquired a new stake in shares of Motorcar Parts of America in the third quarter valued at approximately $79,000. Sequoia Financial Advisors LLC bought a new position in Motorcar Parts of America in the 3rd quarter worth approximately $281,000. Oppenheimer Asset Management Inc. increased its position in 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 valued at $312,000 after acquiring an additional 7,198 shares during the period. Victory Capital Management Inc. raised 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 valued at $709,000 after acquiring an additional 8,000 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in Motorcar Parts of America by 3.1% during the 3rd quarter. Captrust Financial Advisors now owns 99,635 shares of the auto parts company’s stock worth $736,000 after acquiring an additional 3,005 shares during the period. Institutional investors and hedge funds own 83.48% of the company’s stock.

Motorcar Parts of America Stock Performance

NASDAQ:MPAA opened at $6.79 on Wednesday. The company has a 50-day moving average of $7.34 and a 200-day moving average of $6.64. The firm has a market cap of $134.78 million, a price-to-earnings ratio of -1.94 and a beta of 1.47. The company has a current ratio of 1.39, a quick ratio of 0.43 and a debt-to-equity ratio of 0.12. Motorcar Parts of America, Inc. has a twelve month low of $4.36 and a twelve month high of $10.40.

Analysts Set New Price Targets

Several equities research analysts recently commented on MPAA shares. Cantor Fitzgerald started coverage on Motorcar Parts of America in a report on Friday, December 20th. They set an “overweight” rating and a $14.00 target price on the stock. StockNews.com raised Motorcar Parts of America from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th.

Insider Activity at Motorcar Parts of America

In related news, Director Bison Capital Partners Vi, L.P bought 50,000 shares of Motorcar Parts of America stock in a transaction dated Thursday, November 14th. The stock was acquired 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 directly owns 320,300 shares in the company, valued at approximately $2,197,258. This trade represents a 18.50 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.70% of the company’s stock.

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.