Motorcar Parts of America, Inc. (NASDAQ:MPAA) Stock Position Lifted by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC boosted its stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 17.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,115,849 shares of the auto parts company’s stock after acquiring an additional 162,797 shares during the quarter. Motorcar Parts of America accounts for about 1.9% of Pacific Ridge Capital Partners LLC’s investment portfolio, making the stock its 9th largest holding. Pacific Ridge Capital Partners LLC owned approximately 5.62% of Motorcar Parts of America worth $8,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Tieton Capital Management LLC boosted its stake in shares of Motorcar Parts of America by 22.8% during the fourth quarter. Tieton Capital Management LLC now owns 1,194,361 shares of the auto parts company’s stock valued at $9,077,000 after purchasing an additional 221,925 shares during the period. Geode Capital Management LLC raised its holdings in Motorcar Parts of America by 15.1% during the 3rd 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. Victory Capital Management Inc. boosted its position in Motorcar Parts of America by 14.9% during the 4th quarter. Victory Capital Management Inc. now owns 110,310 shares of the auto parts company’s stock valued at $838,000 after buying an additional 14,310 shares during the period. Captrust Financial Advisors boosted its position 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 during the period. Finally, Atlas Legacy Advisors LLC bought a new stake in Motorcar Parts of America in the 4th quarter worth $580,000. 83.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MPAA has been the subject of several recent analyst reports. Cantor Fitzgerald initiated coverage on shares of Motorcar Parts of America in a research note on Friday, December 20th. They set an “overweight” rating and a $14.00 price objective for the company. StockNews.com raised Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 21st.

Motorcar Parts of America Stock Performance

Shares of MPAA stock opened at $10.10 on Thursday. The company has a quick ratio of 0.39, a current ratio of 1.45 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average of $8.94 and a 200 day moving average of $7.52. The firm has a market capitalization of $197.80 million, a price-to-earnings ratio of -10.20 and a beta of 1.35. Motorcar Parts of America, Inc. has a 52 week low of $4.36 and a 52 week high of $11.89.

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.