Acrospire Investment Management LLC bought a new stake in shares of Motorcar Parts of America Inc. (NASDAQ:MPAA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,902 shares of the company’s stock, valued at approximately $106,000.

Several other institutional investors have also recently modified their holdings of MPAA. Kennedy Capital Management Inc. boosted its position in shares of Motorcar Parts of America by 50.6% in the first quarter. Kennedy Capital Management Inc. now owns 150,174 shares of the company’s stock valued at $5,704,000 after buying an additional 50,472 shares during the last quarter. Friess Associates LLC raised its stake in shares of Motorcar Parts of America by 5.1% in the first quarter. Friess Associates LLC now owns 18,920 shares of the company’s stock valued at $719,000 after buying an additional 920 shares during the period. Wellington Management Group LLP raised its stake in shares of Motorcar Parts of America by 1.9% in the first quarter. Wellington Management Group LLP now owns 699,502 shares of the company’s stock valued at $26,566,000 after buying an additional 12,900 shares during the period. Geode Capital Management LLC raised its stake in shares of Motorcar Parts of America by 7.5% in the first quarter. Geode Capital Management LLC now owns 127,205 shares of the company’s stock valued at $4,831,000 after buying an additional 8,855 shares during the period. Finally, Global Alpha Capital Management Ltd. raised its stake in shares of Motorcar Parts of America by 80.7% in the first quarter. Global Alpha Capital Management Ltd. now owns 103,000 shares of the company’s stock valued at $3,912,000 after buying an additional 46,000 shares during the period.

Motorcar Parts of America Inc. (NASDAQ:MPAA) traded down 0.07% during midday trading on Tuesday, reaching $28.48. 64,587 shares of the company’s stock were exchanged. Motorcar Parts of America Inc. has a 12 month low of $25.50 and a 12 month high of $41.03. The stock has a market cap of $530.58 million, a PE ratio of 33.78 and a beta of 1.81. The firm has a 50 day moving average of $28.45 and a 200-day moving average of $30.89.

Motorcar Parts of America (NASDAQ:MPAA) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.12. Motorcar Parts of America had a net margin of 4.39% and a return on equity of 19.12%. The firm had revenue of $85.40 million for the quarter, compared to the consensus estimate of $89.72 million. During the same period in the prior year, the firm posted $0.44 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts predict that Motorcar Parts of America Inc. will post $2.36 earnings per share for the current year.

Several equities research analysts recently issued reports on the stock. B. Riley lowered shares of Motorcar Parts of America from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a report on Wednesday, August 10th. TheStreet lowered shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Tuesday, June 14th. Zacks Investment Research lowered shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Wednesday, June 15th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Motorcar Parts of America in a report on Wednesday, June 15th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $40.83.

In other news, Director Philip Gay sold 3,000 shares of the stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $30.35, for a total value of $91,050.00. Following the sale, the director now directly owns 4,184 shares of the company’s stock, valued at $126,984.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. 5.70% of the stock is currently owned by insiders.

Motorcar Parts of America Company Profile

Motorcar Parts of America, Inc (MPA) is a manufacturer, remanufacturer and distributor of aftermarket automotive parts for import and domestic cars, light trucks, heavy duty, agricultural and industrial applications. The Company sells its products in North America to auto parts retail and traditional warehouse chains and to automobile manufacturers for both their aftermarket programs and their warranty replacement programs (OES).

5 Day Chart for NASDAQ:MPAA

Want to see what other hedge funds are holding MPAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorcar Parts of America Inc. (NASDAQ:MPAA).

Receive News & Ratings for Motorcar Parts of America Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorcar Parts of America Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.