Thompson Davis & CO. Inc. Purchases Shares of 24,777 CarParts.com, Inc. (NASDAQ:PRTS)

Thompson Davis & CO. Inc. acquired a new position in CarParts.com, Inc. (NASDAQ:PRTS) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 24,777 shares of the specialty retailer’s stock, valued at approximately $27,000.

A number of other hedge funds also recently made changes to their positions in PRTS. XTX Topco Ltd raised its holdings in shares of CarParts.com by 14.9% in the third quarter. XTX Topco Ltd now owns 78,917 shares of the specialty retailer’s stock worth $72,000 after buying an additional 10,230 shares during the period. Williams & Novak LLC boosted its position in shares of CarParts.com by 19.2% in the 4th quarter. Williams & Novak LLC now owns 151,500 shares of the specialty retailer’s stock worth $164,000 after purchasing an additional 24,400 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in CarParts.com by 40.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 275,470 shares of the specialty retailer’s stock worth $250,000 after acquiring an additional 78,866 shares during the last quarter. FMR LLC raised its stake in CarParts.com by 26.6% in the 3rd quarter. FMR LLC now owns 426,441 shares of the specialty retailer’s stock worth $386,000 after acquiring an additional 89,645 shares during the last quarter. Finally, GSA Capital Partners LLP raised its stake in shares of CarParts.com by 236.5% during the 3rd quarter. GSA Capital Partners LLP now owns 1,233,829 shares of the specialty retailer’s stock valued at $1,118,000 after buying an additional 867,140 shares during the last quarter. 75.30% of the stock is currently owned by hedge funds and other institutional investors.

CarParts.com Stock Performance

CarParts.com stock opened at $0.94 on Friday. CarParts.com, Inc. has a twelve month low of $0.68 and a twelve month high of $2.68. The stock’s fifty day simple moving average is $1.11 and its 200-day simple moving average is $0.96. The company has a quick ratio of 0.57, a current ratio of 1.62 and a debt-to-equity ratio of 0.10.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PRTS shares. Royal Bank of Canada dropped their target price on CarParts.com from $0.90 to $0.80 and set a “sector perform” rating on the stock in a research report on Wednesday, October 30th. StockNews.com upgraded CarParts.com from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th.

About CarParts.com

CarParts.com, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines. It offers replacement parts, such as parts for the exterior of an automobile; mirror products; engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories.