Motorcar Parts of America, Inc. (MPAA) Shares Bought by North Star Investment Management Corp.

North Star Investment Management Corp. raised its holdings in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 8.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,300 shares of the auto parts company’s stock after purchasing an additional 6,600 shares during the period. North Star Investment Management Corp. owned about 0.45% of Motorcar Parts of America worth $2,132,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. GSA Capital Partners LLP grew its holdings in Motorcar Parts of America by 27.5% in the third quarter. GSA Capital Partners LLP now owns 52,503 shares of the auto parts company’s stock valued at $1,547,000 after purchasing an additional 11,333 shares during the period. Fine Capital Partners L.P. grew its holdings in Motorcar Parts of America by 2.0% in the third quarter. Fine Capital Partners L.P. now owns 1,810,626 shares of the auto parts company’s stock valued at $53,341,000 after purchasing an additional 35,000 shares during the period. Granite Point Capital Management L.P. acquired a new stake in Motorcar Parts of America in the third quarter valued at approximately $1,217,000. OxFORD Asset Management LLP acquired a new stake in Motorcar Parts of America in the third quarter valued at approximately $807,000. Finally, Dimensional Fund Advisors LP grew its holdings in Motorcar Parts of America by 8.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,171,965 shares of the auto parts company’s stock valued at $34,526,000 after purchasing an additional 94,985 shares during the period.

Several analysts have commented on the company. B. Riley reissued a “buy” rating on shares of Motorcar Parts of America in a report on Wednesday, November 1st. Zacks Investment Research downgraded Motorcar Parts of America from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. TheStreet upgraded Motorcar Parts of America from a “c” rating to a “b-” rating in a research report on Monday, October 9th. BidaskClub upgraded Motorcar Parts of America from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. Finally, ValuEngine downgraded Motorcar Parts of America from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $35.50.

Motorcar Parts of America, Inc. (NASDAQ:MPAA) opened at $27.93 on Friday. The firm has a market capitalization of $531.85, a P/E ratio of 15.60, a PEG ratio of 0.58 and a beta of 0.93. Motorcar Parts of America, Inc. has a 1 year low of $23.92 and a 1 year high of $31.57. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.89 and a quick ratio of 0.29.

Motorcar Parts of America (NASDAQ:MPAA) last released its earnings results on Thursday, November 9th. The auto parts company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.06). The firm had revenue of $111.77 million during the quarter, compared to analysts’ expectations of $112.83 million. Motorcar Parts of America had a net margin of 8.03% and a return on equity of 15.15%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.64 EPS. sell-side analysts expect that Motorcar Parts of America, Inc. will post 2.09 EPS for the current year.

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About Motorcar Parts of America

Motorcar Parts of America, Inc is a manufacturer, remanufacturer and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assembly, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications.

Institutional Ownership by Quarter for Motorcar Parts of America (NASDAQ:MPAA)

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