Motorcar Parts of America, Inc. (NASDAQ:MPAA) Position Increased by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. raised its stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 10.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,040,545 shares of the auto parts company’s stock after acquiring an additional 99,958 shares during the period. Donald Smith & CO. Inc. owned 0.05% of Motorcar Parts of America worth $7,690,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Board of Administration of Florida Retirement System purchased a new position in Motorcar Parts of America in the 1st quarter worth about $90,000. Pacific Ridge Capital Partners LLC boosted its stake in Motorcar Parts of America by 3.3% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 842,557 shares of the auto parts company’s stock worth $6,774,000 after purchasing an additional 27,082 shares during the period. Vanguard Group Inc. grew its position in Motorcar Parts of America by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 857,108 shares of the auto parts company’s stock worth $6,891,000 after purchasing an additional 13,953 shares in the last quarter. Acadian Asset Management LLC raised its stake in Motorcar Parts of America by 9.9% during the 1st quarter. Acadian Asset Management LLC now owns 200,084 shares of the auto parts company’s stock valued at $1,607,000 after purchasing an additional 18,001 shares during the period. Finally, Perritt Capital Management Inc. raised its stake in Motorcar Parts of America by 7.8% during the 1st quarter. Perritt Capital Management Inc. now owns 73,183 shares of the auto parts company’s stock valued at $588,000 after purchasing an additional 5,267 shares during the period. Institutional investors and hedge funds own 83.48% of the company’s stock.

Insider Activity at Motorcar Parts of America

In related news, major shareholder 325 Capital Llc bought 16,608 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was bought at an average price of $6.73 per share, for a total transaction of $111,771.84. Following the transaction, the insider now directly owns 1,984,990 shares in the company, valued at $13,358,982.70. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 6.80% of the stock is currently owned by insiders.

Motorcar Parts of America Stock Up 0.6 %

Shares of Motorcar Parts of America stock traded up $0.03 during midday trading on Wednesday, hitting $5.35. The company’s stock had a trading volume of 2,402 shares, compared to its average volume of 80,787. The firm has a market capitalization of $105.19 million, a P/E ratio of -2.05 and a beta of 1.41. Motorcar Parts of America, Inc. has a 1-year low of $4.36 and a 1-year high of $10.40. The company has a quick ratio of 0.35, a current ratio of 1.38 and a debt-to-equity ratio of 0.12. The stock has a 50-day simple moving average of $6.23 and a 200-day simple moving average of $5.91.

Motorcar Parts of America (NASDAQ:MPAA) last released 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 business had revenue of $169.89 million for 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%.

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.