U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) Major Shareholder Purchases $12,546.00 in Stock

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U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) major shareholder Mehran Nia bought 10,200 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were acquired at an average price of $1.23 per share, for a total transaction of $12,546.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Mehran Nia also recently made the following trade(s):

  • On Friday, May 24th, Mehran Nia purchased 49,130 shares of U.S. Auto Parts Network stock. The stock was purchased at an average price of $0.99 per share, for a total transaction of $48,638.70.
  • On Tuesday, May 28th, Mehran Nia purchased 99,130 shares of U.S. Auto Parts Network stock. The stock was purchased at an average price of $0.98 per share, for a total transaction of $97,147.40.
  • On Friday, May 17th, Mehran Nia purchased 89,237 shares of U.S. Auto Parts Network stock. The stock was purchased at an average price of $0.98 per share, for a total transaction of $87,452.26.
  • On Tuesday, May 21st, Mehran Nia purchased 90,107 shares of U.S. Auto Parts Network stock. The stock was purchased at an average price of $0.98 per share, for a total transaction of $88,304.86.

Shares of U.S. Auto Parts Network stock traded up $0.02 during midday trading on Friday, hitting $1.26. The company had a trading volume of 122,272 shares, compared to its average volume of 85,260. The firm has a market capitalization of $46.89 million, a P/E ratio of -9.00 and a beta of 1.29. The company has a quick ratio of 0.24, a current ratio of 1.09 and a debt-to-equity ratio of 0.23. U.S. Auto Parts Network, Inc. has a 12-month low of $0.88 and a 12-month high of $1.80.

U.S. Auto Parts Network (NASDAQ:PRTS) last announced its quarterly earnings data on Thursday, May 9th. The specialty retailer reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.05). The company had revenue of $74.74 million during the quarter, compared to analysts’ expectations of $77.60 million. U.S. Auto Parts Network had a negative net margin of 2.84% and a negative return on equity of 20.27%. As a group, research analysts anticipate that U.S. Auto Parts Network, Inc. will post -0.21 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc raised its stake in U.S. Auto Parts Network by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 885,653 shares of the specialty retailer’s stock valued at $1,373,000 after acquiring an additional 20,136 shares in the last quarter. S. Muoio & CO. LLC bought a new stake in shares of U.S. Auto Parts Network in the 4th quarter worth $46,000. B. Riley Financial Inc. bought a new stake in shares of U.S. Auto Parts Network in the 4th quarter worth $168,000. 22NW LP bought a new stake in shares of U.S. Auto Parts Network in the 4th quarter worth $395,000. Finally, North Star Investment Management Corp. raised its stake in shares of U.S. Auto Parts Network by 8.6% in the 1st quarter. North Star Investment Management Corp. now owns 1,940,736 shares of the specialty retailer’s stock worth $1,960,000 after buying an additional 154,051 shares in the last quarter. 26.72% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on PRTS shares. Zacks Investment Research upgraded shares of U.S. Auto Parts Network from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Barrington Research set a $5.00 price target on shares of U.S. Auto Parts Network and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, ValuEngine lowered shares of U.S. Auto Parts Network from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st.

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About U.S. Auto Parts Network

U.S. Auto Parts Network, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories primarily in the United States and the Philippines. It offers collision parts, such as parts for the exterior of an automobile; mirror products; engine parts comprising engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories to individual consumers through its network of e-commerce Websites and online marketplaces.

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