U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) major shareholder Mehran Nia acquired 10,200 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were purchased at an average price of $1.23 per share, with a total value of $12,546.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Mehran Nia also recently made the following trade(s):

  • On Friday, May 24th, Mehran Nia purchased 49,130 shares of U.S. Auto Parts Network stock. The stock was bought at an average price of $0.99 per share, with a total value of $48,638.70.
  • On Tuesday, May 28th, Mehran Nia purchased 99,130 shares of U.S. Auto Parts Network stock. The stock was bought at an average price of $0.98 per share, with a total value of $97,147.40.
  • On Friday, May 17th, Mehran Nia acquired 89,237 shares of U.S. Auto Parts Network stock. The stock was acquired at an average price of $0.98 per share, with a total value of $87,452.26.
  • On Tuesday, May 21st, Mehran Nia acquired 90,107 shares of U.S. Auto Parts Network stock. The stock was acquired at an average price of $0.98 per share, with a total value of $88,304.86.

NASDAQ:PRTS traded up $0.02 during mid-day trading on Friday, reaching $1.26. The stock had a trading volume of 122,282 shares, compared to its average volume of 131,909. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.24 and a current ratio of 1.09. U.S. Auto Parts Network, Inc. has a twelve month low of $0.88 and a twelve month high of $1.80.

U.S. Auto Parts Network (NASDAQ:PRTS) last posted its quarterly earnings results on Thursday, May 9th. The specialty retailer reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.05). U.S. Auto Parts Network had a negative net margin of 2.84% and a negative return on equity of 20.27%. The company had revenue of $74.74 million for the quarter, compared to analyst estimates of $77.60 million. On average, research analysts forecast that U.S. Auto Parts Network, Inc. will post -0.21 EPS for the current fiscal year.

A number of research analysts have commented on the company. Zacks Investment Research upgraded U.S. Auto Parts Network from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Barrington Research set a $5.00 price target on U.S. Auto Parts Network and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, ValuEngine cut U.S. Auto Parts Network from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th.

A number of hedge funds have recently added to or reduced their stakes in the business. S. Muoio & CO. LLC purchased a new stake in shares of U.S. Auto Parts Network during the 4th quarter valued at $46,000. B. Riley Financial Inc. purchased a new stake in U.S. Auto Parts Network during the 4th quarter worth $168,000. 22NW LP acquired a new position in U.S. Auto Parts Network in the 4th quarter worth $395,000. Renaissance Technologies LLC lifted its holdings in U.S. Auto Parts Network by 3.1% in the 1st quarter. Renaissance Technologies LLC now owns 1,177,669 shares of the specialty retailer’s stock worth $1,189,000 after buying an additional 35,600 shares in the last quarter. Finally, Vanguard Group Inc lifted its holdings in U.S. Auto Parts Network by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 885,653 shares of the specialty retailer’s stock worth $1,373,000 after buying an additional 20,136 shares in the last quarter. 26.72% of the stock is owned by hedge funds and other institutional investors.

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About U.S. Auto Parts Network

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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