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Motorcar Parts of America, Inc. (NASDAQ:MPAA) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers boosted its stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 7.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,856 shares of the auto parts company’s stock after acquiring an additional 3,980 shares during the period. Rhumbline Advisers owned 0.32% of Motorcar Parts of America worth $1,028,000 as of its most recent filing with the SEC.

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Several other institutional investors and hedge funds have also bought and sold shares of MPAA. First Hawaiian Bank grew its stake in Motorcar Parts of America by 27.7% during the second quarter. First Hawaiian Bank now owns 9,411 shares of the auto parts company’s stock valued at $201,000 after acquiring an additional 2,041 shares in the last quarter. Foundry Partners LLC grew its stake in Motorcar Parts of America by 6.6% in the 2nd quarter. Foundry Partners LLC now owns 329,405 shares of the auto parts company’s stock worth $7,053,000 after buying an additional 20,325 shares in the last quarter. First Midwest Bank Trust Division grew its stake in Motorcar Parts of America by 74.6% in the 2nd quarter. First Midwest Bank Trust Division now owns 211,574 shares of the auto parts company’s stock worth $4,530,000 after buying an additional 90,417 shares in the last quarter. Aperio Group LLC purchased a new position in Motorcar Parts of America in the 2nd quarter worth approximately $177,000. Finally, Pzena Investment Management LLC grew its stake in Motorcar Parts of America by 38.2% in the 2nd quarter. Pzena Investment Management LLC now owns 903,259 shares of the auto parts company’s stock worth $19,339,000 after buying an additional 249,622 shares in the last quarter.

NASDAQ:MPAA opened at $18.79 on Monday. Motorcar Parts of America, Inc. has a 1-year low of $13.41 and a 1-year high of $24.60. The firm’s 50-day moving average price is $18.18 and its 200-day moving average price is $17.70. The company has a market capitalization of $354.71 million, a PE ratio of 12.44 and a beta of 1.53. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.24 and a quick ratio of 0.38.

Motorcar Parts of America (NASDAQ:MPAA) last posted its earnings results on Tuesday, November 12th. The auto parts company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.26. Motorcar Parts of America had a negative net margin of 1.14% and a positive return on equity of 10.48%. The business had revenue of $151.43 million for the quarter, compared to analysts’ expectations of $142.98 million. During the same quarter in the prior year, the business earned $0.60 EPS. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. Equities analysts anticipate that Motorcar Parts of America, Inc. will post 1.63 EPS for the current fiscal year.

In other Motorcar Parts of America news, SVP Richard K. Mochulsky sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $20.79, for a total transaction of $41,580.00. Following the sale, the senior vice president now owns 6,047 shares in the company, valued at approximately $125,717.13. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.50% of the stock is currently owned by company insiders.

MPAA has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of Motorcar Parts of America from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 20th. TheStreet upgraded shares of Motorcar Parts of America from a “d+” rating to a “c-” rating in a report on Monday, November 4th. Roth Capital upped their price target on shares of Motorcar Parts of America from $17.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. ValuEngine lowered shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Finally, BidaskClub lowered shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Motorcar Parts of America currently has a consensus rating of “Hold” and a consensus target price of $25.33.

Motorcar Parts of America Company Profile

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy duty trucks, and industrial and agricultural application parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake master cylinders; and other products, such as turbochargers, brake power boosters, and diagnostic equipment.

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Institutional Ownership by Quarter for Motorcar Parts of America (NASDAQ:MPAA)

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