Foresters Investment Management Company Inc. increased its position in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,500 shares of the auto parts company’s stock after buying an additional 1,000 shares during the period. Foresters Investment Management Company Inc.’s holdings in Motorcar Parts of America were worth $4,256,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MPAA. Thrivent Financial For Lutherans raised its position in Motorcar Parts of America by 4.3% in the first quarter. Thrivent Financial For Lutherans now owns 10,470 shares of the auto parts company’s stock worth $322,000 after buying an additional 430 shares during the period. Segall Bryant & Hamill LLC bought a new position in Motorcar Parts of America during the first quarter worth approximately $4,291,000. Legal & General Group Plc raised its position in Motorcar Parts of America by 1.6% in the first quarter. Legal & General Group Plc now owns 31,149 shares of the auto parts company’s stock worth $957,000 after buying an additional 498 shares during the period. B. Riley Financial Inc. raised its position in Motorcar Parts of America by 87.9% in the first quarter. B. Riley Financial Inc. now owns 18,663 shares of the auto parts company’s stock worth $574,000 after buying an additional 8,730 shares during the period. Finally, Stephens Investment Management Group LLC raised its position in Motorcar Parts of America by 1.7% in the first quarter. Stephens Investment Management Group LLC now owns 356,705 shares of the auto parts company’s stock worth $10,962,000 after buying an additional 5,951 shares during the period.

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

Shares of Motorcar Parts of America, Inc. (MPAA) traded up 0.73% during midday trading on Friday, hitting $28.93. The company’s stock had a trading volume of 135,167 shares. Motorcar Parts of America, Inc. has a 52-week low of $21.75 and a 52-week high of $34.73. The firm has a market cap of $540.79 million, a P/E ratio of 18.76 and a beta of 1.74. The stock’s 50 day moving average is $30.02 and its 200-day moving average is $28.22.

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A number of equities analysts have commented on the company. ValuEngine lowered Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. B. Riley restated a “buy” rating and set a $39.00 price objective on shares of Motorcar Parts of America in a research note on Monday, March 27th. Finally, Roth Capital restated a “buy” rating and set a $31.00 price objective (down previously from $35.00) on shares of Motorcar Parts of America in a research note on Thursday, February 16th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $34.67.

In other Motorcar Parts of America news, Director Duane Franklin Miller sold 17,000 shares of the business’s stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $30.11, for a total transaction of $511,870.00. Following the sale, the director now owns 13,690 shares of the company’s stock, valued at approximately $412,205.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Richard K. Mochulsky sold 2,900 shares of the business’s stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $27.90, for a total transaction 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. Insiders have sold a total of 28,001 shares of company stock worth $826,332 in the last three months. Insiders own 5.70% of the company’s stock.

Motorcar Parts of America Company 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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