U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) major shareholder Mehran Nia bought 89,237 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were purchased at an average price of $0.98 per share, with a total value of $87,452.26. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Mehran Nia also recently made the following trade(s):
- On Tuesday, May 21st, Mehran Nia bought 90,107 shares of U.S. Auto Parts Network stock. The shares were purchased at an average price of $0.98 per share, with a total value of $88,304.86.
NASDAQ PRTS traded up $0.01 on Tuesday, reaching $0.99. The company had a trading volume of 75,476 shares, compared to its average volume of 74,562. The company has a market capitalization of $35.17 million, a PE ratio of -7.07 and a beta of 1.45. The company has a current ratio of 1.09, a quick ratio of 0.19 and a debt-to-equity ratio of 0.23. U.S. Auto Parts Network, Inc. has a 52 week low of $0.88 and a 52 week high of $1.81.
A number of equities research analysts have recently weighed in on PRTS shares. Barrington Research set a $5.00 target price on U.S. Auto Parts Network and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Zacks Investment Research upgraded U.S. Auto Parts Network from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, ValuEngine downgraded U.S. Auto Parts Network from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. S. Muoio & CO. LLC bought a new stake in U.S. Auto Parts Network in the fourth quarter valued at about $46,000. B. Riley Financial Inc. bought a new stake in U.S. Auto Parts Network in the fourth quarter valued at about $168,000. 22NW LP bought a new stake in U.S. Auto Parts Network in the fourth quarter valued at about $395,000. Renaissance Technologies LLC increased its holdings in U.S. Auto Parts Network by 3.1% in the first quarter. Renaissance Technologies LLC now owns 1,177,669 shares of the specialty retailer’s stock valued at $1,189,000 after purchasing an additional 35,600 shares during the last quarter. Finally, Vanguard Group Inc increased its holdings in U.S. Auto Parts Network by 2.3% in the third quarter. Vanguard Group Inc now owns 885,653 shares of the specialty retailer’s stock valued at $1,373,000 after purchasing an additional 20,136 shares during the last quarter. Institutional investors and hedge funds own 28.57% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Mehran Nia Acquires 89,237 Shares of U.S. Auto Parts Network, Inc. (PRTS) Stock” was first published by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.com-unik.info/2019/05/21/mehran-nia-acquires-89237-shares-of-u-s-auto-parts-network-inc-prts-stock.html.
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.
See Also: What is a put option?
Receive News & Ratings for U.S. Auto Parts Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Auto Parts Network and related companies with MarketBeat.com's FREE daily email newsletter.