Motorcar Parts of America, Inc. (NASDAQ:MPAA) Director Douglas B. Trussler Purchases 20,300 Shares

Motorcar Parts of America, Inc. (NASDAQ:MPAA) Director Douglas B. Trussler bought 20,300 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was purchased at an average cost of $5.73 per share, with a total value of $116,319.00. Following the completion of the transaction, the director now owns 270,300 shares in the company, valued at $1,548,819. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Motorcar Parts of America Price Performance

NASDAQ MPAA opened at $6.59 on Thursday. The firm’s fifty day moving average is $5.43 and its two-hundred day moving average is $7.68. Motorcar Parts of America, Inc. has a one year low of $4.36 and a one year high of $10.40. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.40 and a current ratio of 1.39.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Thursday, June 13th.

Hedge Funds Weigh In On Motorcar Parts of America

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Capital Management LLC lifted its position in Motorcar Parts of America by 10.0% during the 4th quarter. Private Capital Management LLC now owns 2,665,755 shares of the auto parts company’s stock worth $24,898,000 after acquiring an additional 241,507 shares during the period. Azarias Capital Management L.P. raised its stake in shares of Motorcar Parts of America by 2.6% during the fourth quarter. Azarias Capital Management L.P. now owns 1,211,910 shares of the auto parts company’s stock worth $11,319,000 after purchasing an additional 30,855 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Motorcar Parts of America by 1.7% during the first 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 during the period. Pacific Ridge Capital Partners LLC raised its holdings in Motorcar Parts of America by 3.3% during the first 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 in the last quarter. Finally, Cove Street Capital LLC lifted its holdings in shares of Motorcar Parts of America by 8.3% in the 4th quarter. Cove Street Capital LLC now owns 758,587 shares of the auto parts company’s stock valued at $7,085,000 after buying an additional 58,220 shares during the period. Hedge funds and other institutional investors own 83.48% 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.