U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) Short Interest Update
U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 342,300 shares, a decrease of 8.1% from the August 30th total of 372,600 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily trading volume, of 129,400 shares, the short-interest ratio is currently 2.6 days.
In other news, Director David Kanen acquired 333,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was bought at an average cost of $1.32 per share, with a total value of $439,560.00. Following the transaction, the director now directly owns 173,514 shares in the company, valued at approximately $229,038.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sol Khazani acquired 200,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was purchased at an average cost of $1.19 per share, with a total value of $238,000.00. Following the completion of the transaction, the director now owns 173,514 shares in the company, valued at $206,481.66. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 977,257 shares of company stock valued at $1,374,490. 40.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mid Atlantic Financial Management Inc. ADV grew its position in U.S. Auto Parts Network by 43.0% in the 2nd quarter. Mid Atlantic Financial Management Inc. ADV now owns 61,100 shares of the specialty retailer’s stock worth $76,000 after purchasing an additional 18,375 shares during the last quarter. Cutter & CO Brokerage Inc. bought a new position in shares of U.S. Auto Parts Network during the 2nd quarter worth about $57,000. Renaissance Technologies LLC lifted its holdings in shares of U.S. Auto Parts Network by 6.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,254,574 shares of the specialty retailer’s stock worth $1,568,000 after acquiring an additional 76,905 shares during the period. North Star Investment Management Corp. lifted its holdings in shares of U.S. Auto Parts Network by 4.5% during the 3rd quarter. North Star Investment Management Corp. now owns 2,474,875 shares of the specialty retailer’s stock worth $3,836,000 after acquiring an additional 106,700 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of U.S. Auto Parts Network by 95.1% during the 2nd quarter. Vanguard Group Inc. now owns 505,708 shares of the specialty retailer’s stock worth $632,000 after acquiring an additional 246,480 shares during the period. Institutional investors own 26.49% of the company’s stock.
Shares of U.S. Auto Parts Network stock traded up $0.03 during midday trading on Thursday, reaching $1.56. 11 shares of the company’s stock traded hands, compared to its average volume of 79,485. The company has a market cap of $54.90 million, a price-to-earnings ratio of -10.97 and a beta of 1.34. The company’s 50 day simple moving average is $1.54 and its 200 day simple moving average is $1.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.07. U.S. Auto Parts Network has a 52 week low of $0.88 and a 52 week high of $1.80.
U.S. Auto Parts Network (NASDAQ:PRTS) last released its quarterly earnings results on Thursday, August 8th. The specialty retailer reported ($0.04) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.04). The business had revenue of $73.69 million for the quarter, compared to the consensus estimate of $74.66 million. U.S. Auto Parts Network had a negative net margin of 3.21% and a negative return on equity of 23.48%. As a group, equities research analysts predict that U.S. Auto Parts Network will post -0.21 earnings per share for the current year.
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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