Bison Capital Partners Vi, L.P Purchases 50,000 Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) Stock

Motorcar Parts of America, Inc. (NASDAQ:MPAA) Director Bison Capital Partners Vi, L.P acquired 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average cost of $6.86 per share, for a total transaction of $343,000.00. Following the acquisition, the director now owns 320,300 shares of the company’s stock, valued at $2,197,258. The trade was a 18.50 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Motorcar Parts of America Stock Performance

Shares of MPAA opened at $6.64 on Thursday. The business has a 50-day simple moving average of $6.16 and a two-hundred day simple moving average of $5.97. The company has a quick ratio of 0.43, a current ratio of 1.39 and a debt-to-equity ratio of 0.12. Motorcar Parts of America, Inc. has a 52 week low of $4.36 and a 52 week high of $10.40. The stock has a market cap of $131.82 million, a price-to-earnings ratio of -1.90 and a beta of 1.44.

Institutional Investors Weigh In On Motorcar Parts of America

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC purchased a new stake in Motorcar Parts of America in the 3rd quarter worth $79,000. Geode Capital Management LLC boosted its stake in Motorcar Parts of America by 15.1% during the third quarter. Geode Capital Management LLC now owns 212,994 shares of the auto parts company’s stock valued at $1,574,000 after buying an additional 27,961 shares during the last quarter. Captrust Financial Advisors grew its holdings in 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 valued at $736,000 after buying an additional 3,005 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Motorcar Parts of America by 20.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 42,201 shares of the auto parts company’s stock valued at $312,000 after acquiring an additional 7,198 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake 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 valued at $709,000 after purchasing an additional 8,000 shares in the last quarter. 83.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Motorcar Parts of America from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th.

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.