Brandywine Global Investment Management LLC purchased a new stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,074 shares of the auto parts company’s stock, valued at approximately $277,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Kennedy Capital Management Inc. boosted its position in Motorcar Parts of America by 9.4% during the fourth quarter. Kennedy Capital Management Inc. now owns 694,993 shares of the auto parts company’s stock valued at $17,368,000 after buying an additional 59,767 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in Motorcar Parts of America during the fourth quarter valued at about $288,000. Geode Capital Management LLC boosted its position in Motorcar Parts of America by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 178,518 shares of the auto parts company’s stock valued at $4,461,000 after buying an additional 10,030 shares during the period. Pacific Ridge Capital Partners LLC purchased a new stake in Motorcar Parts of America during the fourth quarter valued at about $350,000. Finally, Citadel Advisors LLC boosted its position in Motorcar Parts of America by 53.4% during the fourth quarter. Citadel Advisors LLC now owns 68,208 shares of the auto parts company’s stock valued at $1,705,000 after buying an additional 23,754 shares during the period.

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Shares of Motorcar Parts of America stock opened at $22.09 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.18 and a current ratio of 0.74. The firm has a market cap of $433.93, a PE ratio of 25.38, a PEG ratio of 0.55 and a beta of 1.24. Motorcar Parts of America, Inc. has a 1-year low of $20.11 and a 1-year high of $31.57.

Motorcar Parts of America (NASDAQ:MPAA) last posted its earnings results on Friday, February 9th. The auto parts company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.15). The firm had revenue of $100.10 million for the quarter, compared to analysts’ expectations of $113.46 million. Motorcar Parts of America had a return on equity of 13.00% and a net margin of 4.02%. The business’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 earnings per share. research analysts predict that Motorcar Parts of America, Inc. will post 1.81 EPS for the current year.

Motorcar Parts of America announced that its Board of Directors has approved a stock buyback program on Friday, February 9th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the auto parts company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

In other news, CEO Joffe Selwyn bought 5,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of $21.00 per share, for a total transaction of $105,000.00. Following the completion of the acquisition, the chief executive officer now owns 140,271 shares in the company, valued at approximately $2,945,691. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have bought 6,612 shares of company stock valued at $140,356. 4.20% of the stock is currently owned by company insiders.

MPAA has been the subject of several analyst reports. BidaskClub upgraded shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. ValuEngine lowered shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. TheStreet lowered shares of Motorcar Parts of America from a “b-” rating to a “c” rating in a report on Tuesday, December 5th. Roth Capital set a $26.00 target price on shares of Motorcar Parts of America and gave the stock a “buy” rating in a report on Monday, February 12th. Finally, Zacks Investment Research upgraded shares of Motorcar Parts of America from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Motorcar Parts of America presently has an average rating of “Hold” and a consensus price target of $34.00.

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Motorcar Parts of America Profile

Motorcar Parts of America, Inc is a manufacturer, remanufacturer and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assembly, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications.

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

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