Motorcar Parts of America, Inc. (NASDAQ:MPAA) Director Joseph Edwin Ferguson Buys 750 Shares

Motorcar Parts of America, Inc. (NASDAQ:MPAA) Director Joseph Edwin Ferguson bought 750 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average cost of $15.83 per share, for a total transaction of $11,872.50. Following the completion of the purchase, the director now directly owns 6,856 shares of the company’s stock, valued at $108,530.48. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Motorcar Parts of America stock traded up $0.16 on Thursday, hitting $15.19. The stock had a trading volume of 818 shares, compared to its average volume of 131,084. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.33 and a current ratio of 1.23. Motorcar Parts of America, Inc. has a one year low of $12.09 and a one year high of $27.19. The firm has a market cap of $282.79 million, a PE ratio of 10.08 and a beta of 1.61. The firm has a 50-day moving average of $18.13.

Motorcar Parts of America (NASDAQ:MPAA) last issued its earnings results on Thursday, August 8th. The auto parts company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. Motorcar Parts of America had a negative net margin of 1.73% and a positive return on equity of 9.93%. The firm had revenue of $108.60 million for the quarter, compared to analysts’ expectations of $106.08 million. During the same quarter last year, the business earned $0.15 earnings per share. The business’s revenue was up 15.8% on a year-over-year basis. On average, equities analysts anticipate that Motorcar Parts of America, Inc. will post 1.71 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. grew its holdings in shares of Motorcar Parts of America by 11.5% in the first quarter. Victory Capital Management Inc. now owns 97,100 shares of the auto parts company’s stock worth $1,832,000 after purchasing an additional 10,000 shares during the last quarter. Comerica Bank grew its holdings in shares of Motorcar Parts of America by 3.2% in the first quarter. Comerica Bank now owns 18,863 shares of the auto parts company’s stock worth $373,000 after purchasing an additional 584 shares during the last quarter. Tieton Capital Management LLC lifted its stake in Motorcar Parts of America by 12.3% in the first quarter. Tieton Capital Management LLC now owns 247,189 shares of the auto parts company’s stock worth $4,664,000 after acquiring an additional 27,105 shares during the period. Private Capital Management LLC lifted its stake in Motorcar Parts of America by 0.7% in the first quarter. Private Capital Management LLC now owns 1,610,851 shares of the auto parts company’s stock worth $30,397,000 after acquiring an additional 11,855 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in Motorcar Parts of America by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 153,567 shares of the auto parts company’s stock worth $2,555,000 after acquiring an additional 832 shares during the period.

A number of research analysts have commented on the stock. TheStreet cut shares of Motorcar Parts of America from a “c” rating to a “d+” rating in a research report on Thursday, August 8th. BidaskClub cut shares of Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a research report on Wednesday. ValuEngine upgraded shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, Zacks Investment Research cut shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Thursday, July 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Motorcar Parts of America presently has a consensus rating of “Hold” and a consensus price target of $28.00.

Motorcar Parts of America Company Profile

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy duty trucks, and industrial and agricultural application parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake master cylinders; and other products, such as turbochargers, brake power boosters, and diagnostic equipment.

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Insider Buying and Selling by Quarter for Motorcar Parts of America (NASDAQ:MPAA)

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