Insider Selling: Motorcar Parts of America (NASDAQ:MPAA) SVP Sells $211,532.22 in Stock

Motorcar Parts of America, Inc. (NASDAQ:MPAA) SVP Jamie Leigh Cook sold 14,074 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $15.03, for a total value of $211,532.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Motorcar Parts of America Stock Performance

Shares of NASDAQ:MPAA opened at $13.76 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.46 and a quick ratio of 0.47. The business’s fifty day moving average price is $13.67 and its two-hundred day moving average price is $12.14. Motorcar Parts of America, Inc. has a fifty-two week low of $9.29 and a fifty-two week high of $18.12. The stock has a market capitalization of $260.34 million, a price-to-earnings ratio of 25.02 and a beta of 1.14.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings data on Monday, June 8th. The auto parts company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. Motorcar Parts of America had a return on equity of 5.53% and a net margin of 1.57%.The company had revenue of $212.28 million during the quarter, compared to analysts’ expectations of $175.96 million. During the same period last year, the business earned ($0.04) earnings per share. As a group, analysts predict that Motorcar Parts of America, Inc. will post 1.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MPAA. Wall Street Zen raised shares of Motorcar Parts of America from a “hold” rating to a “strong-buy” rating in a report on Saturday, June 13th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Motorcar Parts of America in a research note on Tuesday, June 9th. Finally, Weiss Ratings raised shares of Motorcar Parts of America from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Institutional Trading of Motorcar Parts of America

Several large investors have recently made changes to their positions in MPAA. JPMorgan Chase & Co. increased its stake in shares of Motorcar Parts of America by 434.8% in the fourth quarter. JPMorgan Chase & Co. now owns 444,341 shares of the auto parts company’s stock valued at $5,483,000 after buying an additional 361,259 shares in the last quarter. Azarias Capital Management L.P. lifted its position in Motorcar Parts of America by 146.2% during the 1st quarter. Azarias Capital Management L.P. now owns 532,869 shares of the auto parts company’s stock worth $5,894,000 after buying an additional 316,461 shares in the last quarter. Marshall Wace LLP grew its holdings in Motorcar Parts of America by 96.6% during the 2nd quarter. Marshall Wace LLP now owns 505,955 shares of the auto parts company’s stock worth $5,667,000 after acquiring an additional 248,637 shares during the last quarter. Geode Capital Management LLC grew its holdings in Motorcar Parts of America by 100.6% during the 2nd quarter. Geode Capital Management LLC now owns 449,077 shares of the auto parts company’s stock worth $5,031,000 after acquiring an additional 225,225 shares during the last quarter. Finally, Donald Smith & CO. Inc. increased its position in Motorcar Parts of America by 21.5% in the 4th quarter. Donald Smith & CO. Inc. now owns 960,289 shares of the auto parts company’s stock valued at $11,850,000 after acquiring an additional 169,979 shares in the last quarter. Institutional investors own 83.48% of the company’s stock.

About Motorcar Parts of America

Motorcar Parts of America, Inc is a leading North American designer, manufacturer and distributor of aftermarket automotive replacement parts. The company’s product portfolio spans collision and mechanical components, providing solutions for steering and suspension, brake systems, engine cooling, electrical and drivelines. Through a combination of proprietary brands and exclusive licensing agreements, Motorcar Parts of America offers an extensive selection of both new and remanufactured parts to meet the needs of automotive service professionals and retailers.

In addition to its core collision and under-hood product lines, the company markets specialty items such as performance accessories, tools and equipment.