Motorcar Parts of America, Inc. (NASDAQ:MPAA) CEO Joffe Selwyn Purchases 1,000 Shares

Motorcar Parts of America, Inc. (NASDAQ:MPAA) CEO Joffe Selwyn acquired 1,000 shares of Motorcar Parts of America stock in a transaction dated Tuesday, August 13th. The stock was purchased at an average price of $15.75 per share, with a total value of $15,750.00. Following the completion of the purchase, the chief executive officer now directly owns 200,965 shares of the company’s stock, valued at approximately $3,165,198.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MPAA stock traded up $0.45 on Friday, reaching $15.70. 2,025 shares of the company were exchanged, compared to its average volume of 133,714. Motorcar Parts of America, Inc. has a 12 month low of $12.09 and a 12 month high of $27.19. The stock’s fifty day moving average price is $18.08 and its 200 day moving average price is $19.28. The firm has a market capitalization of $299.04 million, a PE ratio of 10.30 and a beta of 1.61. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.23 and a quick ratio of 0.33.

Motorcar Parts of America (NASDAQ:MPAA) last announced its earnings results on Thursday, August 8th. The auto parts company reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.01. Motorcar Parts of America had a negative net margin of 1.73% and a positive return on equity of 9.93%. The business had revenue of $108.60 million for the quarter, compared to analyst estimates of $106.08 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Motorcar Parts of America’s revenue was up 15.8% compared to the same quarter last year. As a group, research analysts expect that Motorcar Parts of America, Inc. will post 1.72 EPS for the current fiscal year.



A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its position in Motorcar Parts of America by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 213,900 shares of the auto parts company’s stock valued at $3,559,000 after acquiring an additional 9,571 shares during the last quarter. Principal Financial Group Inc. lifted its position in Motorcar Parts of America by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 153,567 shares of the auto parts company’s stock valued at $2,555,000 after acquiring an additional 832 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Motorcar Parts of America by 79.6% in the fourth quarter. Bank of America Corp DE now owns 38,913 shares of the auto parts company’s stock valued at $647,000 after buying an additional 17,252 shares during the last quarter. Squarepoint Ops LLC raised its holdings in shares of Motorcar Parts of America by 14.9% in the fourth quarter. Squarepoint Ops LLC now owns 12,434 shares of the auto parts company’s stock valued at $207,000 after buying an additional 1,617 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its holdings in shares of Motorcar Parts of America by 402.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,315 shares of the auto parts company’s stock valued at $105,000 after buying an additional 5,057 shares during the last quarter.

MPAA has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. BidaskClub cut shares of Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a research note on Wednesday. TheStreet cut shares of Motorcar Parts of America from a “c” rating to a “d+” rating in a research note on Thursday, August 8th. Finally, ValuEngine upgraded shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $28.00.

About Motorcar Parts of America

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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