U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) major shareholder David Kanen bought 388,804 shares of the business’s stock in a transaction on Thursday, November 29th. The shares were acquired at an average cost of $1.11 per share, with a total value of $431,572.44. Following the purchase, the insider now owns 173,513 shares of the company’s stock, valued at $192,599.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

David Kanen also recently made the following trade(s):

  • On Monday, December 3rd, David Kanen bought 15,805 shares of U.S. Auto Parts Network stock. The shares were acquired at an average cost of $1.24 per share, with a total value of $19,598.20.
  • On Thursday, December 6th, David Kanen bought 1,576,228 shares of U.S. Auto Parts Network stock. The shares were acquired at an average cost of $1.21 per share, with a total value of $1,907,235.88.

PRTS stock traded up $0.03 during midday trading on Friday, hitting $1.26. 150,075 shares of the company’s stock were exchanged, compared to its average volume of 217,342. The company has a quick ratio of 0.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.20. The stock has a market cap of $43.03 million, a price-to-earnings ratio of 12.60 and a beta of 0.86. U.S. Auto Parts Network, Inc. has a 1-year low of $0.99 and a 1-year high of $2.74.

U.S. Auto Parts Network (NASDAQ:PRTS) last posted its earnings results on Monday, October 29th. The specialty retailer reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The company had revenue of $69.46 million during the quarter, compared to analysts’ expectations of $71.59 million. U.S. Auto Parts Network had a positive return on equity of 2.10% and a negative net margin of 1.16%.

A number of hedge funds have recently bought and sold shares of PRTS. North Star Investment Management Corp. boosted its position in shares of U.S. Auto Parts Network by 13.9% during the third quarter. North Star Investment Management Corp. now owns 1,733,335 shares of the specialty retailer’s stock worth $2,687,000 after buying an additional 211,000 shares during the period. B. Riley Financial Inc. purchased a new position in shares of U.S. Auto Parts Network during the second quarter worth $273,000. Finally, Bard Associates Inc. purchased a new position in shares of U.S. Auto Parts Network during the second quarter worth $225,000. 35.69% of the stock is owned by institutional investors.

Several equities research analysts have issued reports on PRTS shares. ValuEngine raised U.S. Auto Parts Network from a “hold” rating to a “buy” rating in a research note on Saturday, September 22nd. Zacks Investment Research raised U.S. Auto Parts Network from a “hold” rating to a “buy” rating and set a $1.50 target price for the company in a research note on Wednesday, October 31st. Finally, Barrington Research reissued a “buy” rating on shares of U.S. Auto Parts Network in a research note on Friday, November 30th.

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U.S. Auto Parts Network Company Profile

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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