Privium Fund Management UK Ltd Boosts Stock Holdings in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Privium Fund Management UK Ltd grew its stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 22.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 27,509 shares of the auto parts company’s stock after buying an additional 5,038 shares during the quarter. Privium Fund Management UK Ltd’s holdings in Motorcar Parts of America were worth $163,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Private Capital Management LLC increased its stake in Motorcar Parts of America by 6.6% during the first quarter. Private Capital Management LLC now owns 2,842,726 shares of the auto parts company’s stock worth $22,856,000 after acquiring an additional 176,971 shares during the last quarter. Acadian Asset Management LLC grew its stake in Motorcar Parts of America by 9.9% during the first quarter. Acadian Asset Management LLC now owns 200,084 shares of the auto parts company’s stock worth $1,607,000 after buying an additional 18,001 shares during the period. Sierra Summit Advisors LLC acquired a new stake in shares of Motorcar Parts of America in the fourth quarter worth $139,000. Vanguard Group Inc. lifted its holdings in shares of Motorcar Parts of America by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 857,108 shares of the auto parts company’s stock valued at $6,891,000 after acquiring an additional 13,953 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new stake in Motorcar Parts of America during the 1st quarter worth $90,000. 83.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Douglas B. Trussler acquired 20,300 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was bought at an average cost of $5.73 per share, with a total value of $116,319.00. Following the transaction, the director now directly owns 270,300 shares in the company, valued at approximately $1,548,819. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder 325 Capital Llc purchased 16,608 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average price of $6.73 per share, with a total value of $111,771.84. Following the completion of the transaction, the insider now owns 1,984,990 shares of the company’s stock, valued at $13,358,982.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Douglas B. Trussler purchased 20,300 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was bought at an average price of $5.73 per share, with a total value of $116,319.00. Following the purchase, the director now owns 270,300 shares of the company’s stock, valued at approximately $1,548,819. The disclosure for this purchase can be found here. Insiders have bought 39,403 shares of company stock valued at $240,441 in the last quarter. Company insiders own 6.80% of the company’s stock.

Motorcar Parts of America Stock Performance

Motorcar Parts of America stock opened at $6.11 on Wednesday. The firm has a market capitalization of $120.13 million, a PE ratio of -2.35 and a beta of 1.43. Motorcar Parts of America, Inc. has a one year low of $4.36 and a one year high of $10.40. The stock’s 50 day moving average price is $6.20 and its 200 day moving average price is $6.48. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.35 and a current ratio of 1.38.

Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings data on Thursday, August 8th. The auto parts company reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.39). The firm had revenue of $169.89 million for the quarter, compared to analysts’ expectations of $172.50 million. Motorcar Parts of America had a negative net margin of 9.06% and a negative return on equity of 0.93%. As a group, sell-side analysts expect that Motorcar Parts of America, Inc. will post 0.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.