Polaris Capital Management LLC held its stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,806 shares of the auto parts company’s stock at the close of the 2nd quarter. Polaris Capital Management LLC owned about 0.45% of Motorcar Parts of America worth $2,367,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue grew its holdings in Motorcar Parts of America by 77.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,664 shares of the auto parts company’s stock valued at $103,000 after buying an additional 1,594 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Motorcar Parts of America during the 1st quarter worth approximately $106,000. BNP Paribas Arbitrage SA grew its holdings in shares of Motorcar Parts of America by 13.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,477 shares of the auto parts company’s stock worth $107,000 after purchasing an additional 412 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Motorcar Parts of America by 46.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,547 shares of the auto parts company’s stock worth $109,000 after purchasing an additional 1,124 shares in the last quarter. Finally, Mason Street Advisors LLC grew its holdings in shares of Motorcar Parts of America by 7.2% during the 1st quarter. Mason Street Advisors LLC now owns 4,371 shares of the auto parts company’s stock worth $134,000 after purchasing an additional 292 shares in the last quarter.

Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) traded up 0.67% during mid-day trading on Friday, reaching $29.95. The company had a trading volume of 29,242 shares. Motorcar Parts of America, Inc. has a 12-month low of $21.75 and a 12-month high of $31.57. The firm’s 50 day moving average is $27.63 and its 200-day moving average is $28.31. The stock has a market capitalization of $558.12 million, a P/E ratio of 15.52 and a beta of 0.98.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings results on Wednesday, August 9th. The auto parts company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.04. The business had revenue of $95.06 million for the quarter, compared to the consensus estimate of $93.60 million. Motorcar Parts of America had a return on equity of 16.77% and a net margin of 8.75%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 earnings per share. On average, analysts expect that Motorcar Parts of America, Inc. will post $2.36 earnings per share for the current fiscal year.

WARNING: “Motorcar Parts of America, Inc. (MPAA) Holdings Held by Polaris Capital Management LLC” was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another site, it was stolen and republished in violation of United States and international copyright law. The legal version of this piece can be accessed at https://www.watchlistnews.com/motorcar-parts-of-america-inc-mpaa-holdings-held-by-polaris-capital-management-llc/1628324.html.

Several brokerages have recently weighed in on MPAA. TheStreet raised Motorcar Parts of America from a “c” rating to a “b-” rating in a report on Monday. Zacks Investment Research lowered Motorcar Parts of America from a “strong-buy” rating to a “sell” rating in a report on Wednesday. Finally, ValuEngine lowered Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $35.50.

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.

Institutional Ownership by Quarter for Motorcar Parts of America (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.