Motorcar Parts of America Inc. (MPAA) Stake Lifted by AlphaMark Advisors LLC

AlphaMark Advisors LLC grew its holdings in Motorcar Parts of America Inc. (NASDAQ:MPAA) by 19.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 37,166 shares of the auto parts company’s stock after acquiring an additional 6,000 shares during the quarter. AlphaMark Advisors LLC owned about 0.19% of Motorcar Parts of America worth $796,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MetLife Investment Advisors LLC purchased a new position in shares of Motorcar Parts of America in the 4th quarter valued at about $200,000. HBK Investments L P purchased a new position in shares of Motorcar Parts of America in the 4th quarter valued at about $240,000. Brandywine Global Investment Management LLC purchased a new position in shares of Motorcar Parts of America in the 4th quarter valued at about $277,000. Landscape Capital Management L.L.C. purchased a new position in shares of Motorcar Parts of America in the 4th quarter valued at about $288,000. Finally, Aperio Group LLC increased its holdings in shares of Motorcar Parts of America by 24.4% in the 4th quarter. Aperio Group LLC now owns 13,985 shares of the auto parts company’s stock valued at $349,000 after acquiring an additional 2,739 shares during the last quarter.

A number of analysts recently issued reports on the company. BidaskClub raised Motorcar Parts of America from a “strong sell” rating to a “sell” rating in a research report on Thursday. ValuEngine cut Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research raised Motorcar Parts of America from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 17th. Roth Capital set a $26.00 target price on Motorcar Parts of America and gave the company a “buy” rating in a research report on Monday, February 12th. Finally, B. Riley reissued a “buy” rating and issued a $39.00 target price on shares of Motorcar Parts of America in a research report on Monday, February 12th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $34.00.

Shares of Motorcar Parts of America opened at $21.75 on Friday, according to MarketBeat. The stock has a market capitalization of $407.80 million, a P/E ratio of 9.75, a PEG ratio of 0.36 and a beta of 1.19. The company has a quick ratio of 0.18, a current ratio of 0.74 and a debt-to-equity ratio of 0.05. Motorcar Parts of America Inc. has a 52-week low of $21.43 and a 52-week high of $21.88.

Motorcar Parts of America announced that its Board of Directors has initiated a share repurchase plan on Friday, February 9th that permits the company to repurchase $5.00 million in shares. This repurchase authorization permits the auto parts company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Motorcar Parts of America Company Profile

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes automotive aftermarket parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake master cylinders; and other products, such as turbochargers and brake power boosters for import and domestic cars, light trucks, heavy duty, agricultural, and industrial applications.

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

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