Motorcar Parts of America, Inc. (NASDAQ:MPAA) Director Bison Capital Partners Vi, L.P Buys 50,000 Shares

Motorcar Parts of America, Inc. (NASDAQ:MPAA) Director Bison Capital Partners Vi, L.P purchased 50,000 shares of the stock in a transaction on Thursday, November 14th. The shares were purchased at an average price of $6.86 per share, with a total value of $343,000.00. Following the acquisition, the director now directly owns 320,300 shares in the company, valued at $2,197,258. This represents a 18.50 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Motorcar Parts of America Stock Performance

Shares of MPAA stock traded down $0.37 during trading hours on Monday, hitting $6.65. The stock had a trading volume of 67,459 shares, compared to its average volume of 80,446. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.39 and a quick ratio of 0.35. The firm has a market capitalization of $132.00 million, a PE ratio of -2.01 and a beta of 1.44. The stock’s 50 day moving average is $6.12 and its 200 day moving average is $5.95. Motorcar Parts of America, Inc. has a twelve month low of $4.36 and a twelve month high of $10.40.

Hedge Funds Weigh In On Motorcar Parts of America

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its position in Motorcar Parts of America by 15.1% during the 3rd quarter. Geode Capital Management LLC now owns 212,994 shares of the auto parts company’s stock worth $1,574,000 after acquiring an additional 27,961 shares during the period. Barclays PLC purchased a new position in shares of Motorcar Parts of America in the 3rd quarter valued at approximately $79,000. Captrust Financial Advisors grew its stake in shares of Motorcar Parts of America by 3.1% in the 3rd quarter. Captrust Financial Advisors now owns 99,635 shares of the auto parts company’s stock valued at $736,000 after purchasing an additional 3,005 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake 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 valued at $312,000 after purchasing an additional 7,198 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Motorcar Parts of America by 9.1% in the 3rd quarter. Victory Capital Management Inc. now owns 96,000 shares of the auto parts company’s stock valued at $709,000 after purchasing an additional 8,000 shares during the last quarter. Hedge funds and other institutional investors own 83.48% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Motorcar Parts of America from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

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.