Dimensional Fund Advisors LP Buys 57,191 Shares of Motorcar Parts of America, Inc. $MPAA

Dimensional Fund Advisors LP raised its stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 5.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,133,796 shares of the auto parts company’s stock after buying an additional 57,191 shares during the period. Dimensional Fund Advisors LP owned about 0.06% of Motorcar Parts of America worth $12,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Donald Smith & CO. Inc. increased its position in shares of Motorcar Parts of America by 21.5% during the fourth quarter. Donald Smith & CO. Inc. now owns 960,289 shares of the auto parts company’s stock worth $11,850,000 after acquiring an additional 169,979 shares during the period. Azarias Capital Management L.P. boosted its holdings in shares of Motorcar Parts of America by 146.2% in the first quarter. Azarias Capital Management L.P. now owns 532,869 shares of the auto parts company’s stock valued at $5,894,000 after purchasing an additional 316,461 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Motorcar Parts of America by 12.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 38,523 shares of the auto parts company’s stock valued at $426,000 after purchasing an additional 4,347 shares during the period. Equitable Trust Co. grew its stake in Motorcar Parts of America by 8.3% in the first quarter. Equitable Trust Co. now owns 58,492 shares of the auto parts company’s stock worth $647,000 after purchasing an additional 4,492 shares in the last quarter. Finally, Hillsdale Investment Management Inc. grew its stake in Motorcar Parts of America by 12.2% in the fourth quarter. Hillsdale Investment Management Inc. now owns 27,600 shares of the auto parts company’s stock worth $341,000 after purchasing an additional 3,000 shares in the last quarter. 83.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Motorcar Parts of America news, SVP Jamie Leigh Cook sold 14,074 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $15.03, for a total value of $211,532.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.40% of the stock is owned by insiders.

Motorcar Parts of America Stock Performance

Shares of Motorcar Parts of America stock opened at $13.63 on Friday. The company has a market capitalization of $258.02 million, a PE ratio of 24.78 and a beta of 1.16. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.47 and a current ratio of 1.46. The company has a 50-day simple moving average of $13.98 and a two-hundred day simple moving average of $12.16. Motorcar Parts of America, Inc. has a one year low of $9.29 and a one year high of $18.12.

Motorcar Parts of America (NASDAQ:MPAA) last released its quarterly earnings results on Monday, June 8th. The auto parts company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. The business had revenue of $212.28 million for the quarter, compared to analysts’ expectations of $175.96 million. Motorcar Parts of America had a net margin of 1.57% and a return on equity of 5.53%. During the same period last year, the business earned ($0.04) EPS. Research analysts expect that Motorcar Parts of America, Inc. will post 1.28 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on MPAA shares. Wall Street Zen upgraded Motorcar Parts of America from a “hold” rating to a “strong-buy” rating in a report on Saturday, June 13th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Motorcar Parts of America in a report on Tuesday, June 9th. Finally, Weiss Ratings raised Motorcar Parts of America from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Motorcar Parts of America has an average rating of “Moderate Buy” and a consensus price target of $19.00.

Motorcar Parts of America Profile

Motorcar Parts of America, Inc is a leading North American designer, manufacturer and distributor of aftermarket automotive replacement parts. The company’s product portfolio spans collision and mechanical components, providing solutions for steering and suspension, brake systems, engine cooling, electrical and drivelines. Through a combination of proprietary brands and exclusive licensing agreements, Motorcar Parts of America offers an extensive selection of both new and remanufactured parts to meet the needs of automotive service professionals and retailers.

In addition to its core collision and under-hood product lines, the company markets specialty items such as performance accessories, tools and equipment.