Motorcar Parts of America, Inc. (NASDAQ:MPAA) Shares Sold by Tieton Capital Management LLC

Tieton Capital Management LLC cut its stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 972,436 shares of the auto parts company’s stock after selling 6,610 shares during the period. Motorcar Parts of America accounts for 3.7% of Tieton Capital Management LLC’s holdings, making the stock its 10th largest position. Tieton Capital Management LLC’s holdings in Motorcar Parts of America were worth $7,186,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of MPAA. State Board of Administration of Florida Retirement System bought a new position in shares of Motorcar Parts of America during the first quarter worth approximately $90,000. Privium Fund Management UK Ltd increased its stake in Motorcar Parts of America by 22.4% in the second quarter. Privium Fund Management UK Ltd now owns 27,509 shares of the auto parts company’s stock valued at $163,000 after acquiring an additional 5,038 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in Motorcar Parts of America by 24.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 35,003 shares of the auto parts company’s stock valued at $216,000 after acquiring an additional 6,979 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Motorcar Parts of America in the third quarter valued at approximately $281,000. Finally, Perritt Capital Management Inc increased its stake in Motorcar Parts of America by 6.7% in the second quarter. Perritt Capital Management Inc now owns 78,050 shares of the auto parts company’s stock valued at $482,000 after acquiring an additional 4,867 shares during the last quarter. 83.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Motorcar Parts of America

In other Motorcar Parts of America news, major shareholder 325 Capital Llc purchased 16,608 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were bought at an average price of $6.73 per share, for a total transaction of $111,771.84. Following the completion of the acquisition, the insider now owns 1,984,990 shares in the company, valued at approximately $13,358,982.70. This trade represents a 0.84 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Bison Capital Partners Vi, L.P bought 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average price 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. This trade represents a 18.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 6.70% of the stock is owned by company insiders.

Motorcar Parts of America Trading Down 3.2 %

Shares of Motorcar Parts of America stock opened at $6.73 on Friday. Motorcar Parts of America, Inc. has a fifty-two week low of $4.36 and a fifty-two week high of $10.40. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.43 and a current ratio of 1.39. The company’s 50 day moving average price is $6.21 and its two-hundred day moving average price is $5.98.

Analysts Set New Price Targets

Separately, StockNews.com raised 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 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.