Kirr Marbach & Co. LLC IN Sells 10,978 Shares of Motorcar Parts of America, Inc. (MPAA)
Kirr Marbach & Co. LLC IN decreased its position in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 5.7% during the first quarter, Holdings Channel reports. The fund owned 182,675 shares of the auto parts company’s stock after selling 10,978 shares during the period. Kirr Marbach & Co. LLC IN owned about 0.98% of Motorcar Parts of America worth $5,614,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of MPAA. Engine Capital Management LLC bought a new stake in Motorcar Parts of America during the fourth quarter worth $135,149,000. Municipal Employees Retirement System of Michigan boosted its stake in Motorcar Parts of America by 1.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,060 shares of the auto parts company’s stock worth $117,000 after buying an additional 60 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Motorcar Parts of America by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 7,600 shares of the auto parts company’s stock worth $234,000 after buying an additional 100 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Motorcar Parts of America during the fourth quarter worth $205,000. Finally, Aperio Group LLC bought a new stake in Motorcar Parts of America during the third quarter worth $239,000.
Motorcar Parts of America, Inc. (NASDAQ:MPAA) traded up 2.75% during mid-day trading on Thursday, reaching $29.89. The company’s stock had a trading volume of 95,173 shares. The firm has a 50-day moving average of $28.67 and a 200-day moving average of $27.29. Motorcar Parts of America, Inc. has a 52 week low of $21.75 and a 52 week high of $36.37. The stock has a market capitalization of $558.73 million, a price-to-earnings ratio of 19.38 and a beta of 1.74.
Motorcar Parts of America (NASDAQ:MPAA) last announced its earnings results on Thursday, February 9th. The auto parts company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.07. Motorcar Parts of America had a return on equity of 18.61% and a net margin of 7.43%. The firm had revenue of $112.60 million for the quarter, compared to analysts’ expectations of $100.80 million. During the same quarter in the previous year, the company earned $0.52 earnings per share. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. On average, equities research analysts expect that Motorcar Parts of America, Inc. will post $2.36 earnings per share for the current year.
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A number of research firms have weighed in on MPAA. B. Riley reaffirmed a “buy” rating and set a $39.00 price objective on shares of Motorcar Parts of America in a research report on Sunday, February 12th. Roth Capital reaffirmed a “buy” rating and set a $31.00 price objective (down from $35.00) on shares of Motorcar Parts of America in a research report on Thursday, February 16th. Finally, Zacks Investment Research raised Motorcar Parts of America from a “sell” rating to a “hold” rating in a research report on Thursday, April 13th.
In other news, Director Joseph Edwin Ferguson bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The shares were purchased at an average price of $28.84 per share, with a total value of $28,840.00. Following the completion of the acquisition, the director now directly owns 1,000 shares in the company, valued at $28,840. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Richard K. Mochulsky sold 2,900 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $27.90, for a total value of $80,910.00. Following the sale, the vice president now directly owns 4,277 shares in the company, valued at approximately $119,328.30. The disclosure for this sale can be found here. In the last three months, insiders have purchased 3,100 shares of company stock worth $87,954 and have sold 31,735 shares worth $933,983. 5.70% of the stock is owned by insiders.
About Motorcar Parts of America
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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