10,710 Shares in Motorcar Parts of America, Inc. (NASDAQ:MPAA) Purchased by Barclays PLC

Barclays PLC bought a new stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,710 shares of the auto parts company’s stock, valued at approximately $79,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Captrust Financial Advisors boosted its holdings in shares of 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 purchasing an additional 3,005 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Motorcar Parts of America by 20.6% in the third 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 period. Victory Capital Management Inc. increased its position in Motorcar Parts of America by 9.1% during the third quarter. Victory Capital Management Inc. now owns 96,000 shares of the auto parts company’s stock worth $709,000 after purchasing an additional 8,000 shares during the last quarter. Equitable Trust Co. raised its stake in Motorcar Parts of America by 9.3% during the third quarter. Equitable Trust Co. now owns 67,965 shares of the auto parts company’s stock worth $502,000 after purchasing an additional 5,780 shares during the period. Finally, Donald Smith & CO. Inc. boosted its holdings in Motorcar Parts of America by 10.6% in the 3rd quarter. Donald Smith & CO. Inc. now owns 1,040,545 shares of the auto parts company’s stock valued at $7,690,000 after purchasing an additional 99,958 shares during the last quarter. Hedge funds and other institutional investors own 83.48% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on MPAA shares. Cantor Fitzgerald started coverage on shares of Motorcar Parts of America in a report on Friday, December 20th. They set an “overweight” rating and a $14.00 price target for the company. StockNews.com upgraded Motorcar Parts of America from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

Insiders Place Their Bets

In other Motorcar Parts of America news, Director Bison Capital Partners Vi, L.P bought 50,000 shares of Motorcar Parts of America stock in a transaction on Thursday, November 14th. The shares were bought at an average cost of $6.86 per share, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.70% of the stock is owned by insiders.

Motorcar Parts of America Stock Performance

Shares of MPAA stock opened at $7.36 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.43 and a current ratio of 1.39. The firm has a market cap of $146.11 million, a P/E ratio of -2.10 and a beta of 1.49. The firm’s 50 day moving average price is $7.27 and its 200-day moving average price is $6.54. Motorcar Parts of America, Inc. has a one year low of $4.36 and a one year high of $10.40.

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.