U.S. Auto Parts Network, Inc. (PRTS) Major Shareholder David Kanen Purchases 15,805 Shares

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U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) major shareholder David Kanen acquired 15,805 shares of the company’s stock in a transaction dated Monday, December 3rd. The stock was acquired at an average price of $1.24 per share, with a total value of $19,598.20. Following the purchase, the insider now owns 173,513 shares in the company, valued at approximately $215,156.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

David Kanen also recently made the following trade(s):

  • On Thursday, November 29th, David Kanen acquired 388,804 shares of U.S. Auto Parts Network stock. The stock was acquired at an average price of $1.11 per share, with a total value of $431,572.44.
  • On Thursday, December 6th, David Kanen acquired 1,576,228 shares of U.S. Auto Parts Network stock. The stock was acquired at an average price of $1.21 per share, with a total value of $1,907,235.88.

Shares of PRTS traded up $0.03 during trading hours on Friday, hitting $1.26. The stock had a trading volume of 150,075 shares, compared to its average volume of 217,342. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 1.31. U.S. Auto Parts Network, Inc. has a 52 week low of $0.99 and a 52 week high of $2.74. The firm has a market cap of $43.03 million, a price-to-earnings ratio of 12.60 and a beta of 0.86.

U.S. Auto Parts Network (NASDAQ:PRTS) last posted its earnings results on Monday, October 29th. The specialty retailer reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. U.S. Auto Parts Network had a negative net margin of 1.16% and a positive return on equity of 2.10%. The business had revenue of $69.46 million for the quarter, compared to analyst estimates of $71.59 million.

Institutional investors and hedge funds have recently bought and sold shares of the company. Bard Associates Inc. bought a new stake in shares of U.S. Auto Parts Network in the 2nd quarter worth about $225,000. B. Riley Financial Inc. bought a new stake in shares of U.S. Auto Parts Network in the 2nd quarter worth about $273,000. Finally, North Star Investment Management Corp. grew its holdings in shares of U.S. Auto Parts Network by 13.9% in the 3rd quarter. North Star Investment Management Corp. now owns 1,733,335 shares of the specialty retailer’s stock worth $2,687,000 after purchasing an additional 211,000 shares during the last quarter. 35.69% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on PRTS shares. Zacks Investment Research cut shares of U.S. Auto Parts Network from a “buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Barrington Research initiated coverage on shares of U.S. Auto Parts Network in a report on Thursday, September 13th. They issued an “outperform” rating and a $5.00 target price on the stock. Finally, ValuEngine lowered shares of U.S. Auto Parts Network from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd.

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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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