Empowered Funds LLC Makes New $1.33 Million Investment in Motorcar Parts of America, Inc. $MPAA

Empowered Funds LLC bought a new stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 86,583 shares of the auto parts company’s stock, valued at approximately $1,326,000.

Other institutional investors have also recently made changes to their positions in the company. Donald Smith & CO. Inc. acquired a new position in Motorcar Parts of America in the 2nd quarter valued at $18,965,000. BlackRock Inc. purchased a new stake in shares of Motorcar Parts of America during the second quarter worth $16,152,000. JPMorgan Chase & Co. raised its position in shares of Motorcar Parts of America by 434.8% in the fourth quarter. JPMorgan Chase & Co. now owns 444,341 shares of the auto parts company’s stock valued at $5,483,000 after buying an additional 361,259 shares during the last quarter. Azarias Capital Management L.P. raised its position 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 buying an additional 316,461 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Motorcar Parts of America by 96.6% in the second quarter. Marshall Wace LLP now owns 505,955 shares of the auto parts company’s stock worth $5,667,000 after buying an additional 248,637 shares in the last quarter. 83.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Motorcar Parts of America

In other Motorcar Parts of America news, SVP Jamie Cook sold 14,074 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $15.03, for a total transaction of $211,532.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.40% of the stock is owned by corporate insiders.

Motorcar Parts of America Stock Up 2.5%

Shares of NASDAQ MPAA opened at $12.08 on Friday. Motorcar Parts of America, Inc. has a 1 year low of $9.29 and a 1 year high of $18.12. The company has a market capitalization of $228.67 million, a price-to-earnings ratio of -38.97 and a beta of 1.16. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.44 and a quick ratio of 0.39. The business has a 50-day moving average of $13.22 and a two-hundred day moving average of $12.11.

Motorcar Parts of America (NASDAQ:MPAA) last posted its earnings results on Monday, August 10th. The auto parts company reported ($0.71) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.91). Motorcar Parts of America had a negative return on equity of 0.57% and a negative net margin of 0.53%.The firm had revenue of $168.02 million for the quarter, compared to analyst estimates of $183.00 million. On average, analysts forecast that Motorcar Parts of America, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MPAA shares. Weiss Ratings cut shares of Motorcar Parts of America from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, August 25th. Raymond James Financial set a $16.00 price objective on Motorcar Parts of America in a research report on Tuesday, August 18th. Cantor Fitzgerald reissued an “overweight” rating on shares of Motorcar Parts of America in a research note on Tuesday, June 9th. Finally, Wall Street Zen downgraded shares of Motorcar Parts of America from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 15th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $18.00.

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.