Nilsine Partners LLC Boosts Holdings in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Nilsine Partners LLC raised its holdings in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 23.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,169 shares of the auto parts company’s stock after buying an additional 3,617 shares during the quarter. Nilsine Partners LLC owned approximately 0.10% of Motorcar Parts of America worth $154,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Citigroup Inc. lifted its position in Motorcar Parts of America by 2,333.4% during the 3rd quarter. Citigroup Inc. now owns 10,780 shares of the auto parts company’s stock worth $87,000 after acquiring an additional 10,337 shares in the last quarter. Barclays PLC acquired a new position in Motorcar Parts of America during the 3rd quarter worth approximately $117,000. Sierra Summit Advisors LLC acquired a new position in Motorcar Parts of America during the 4th quarter worth approximately $139,000. Oppenheimer Asset Management Inc. acquired a new position in Motorcar Parts of America during the 3rd quarter worth approximately $155,000. Finally, Corton Capital Inc. lifted its position in Motorcar Parts of America by 11.9% during the 3rd quarter. Corton Capital Inc. now owns 23,983 shares of the auto parts company’s stock worth $194,000 after acquiring an additional 2,549 shares in the last quarter. Hedge funds and other institutional investors own 83.48% of the company’s stock.

Motorcar Parts of America Stock Down 4.1 %

Shares of MPAA traded down $0.24 during trading on Tuesday, reaching $5.68. The company’s stock had a trading volume of 91,769 shares, compared to its average volume of 66,819. The company has a fifty day moving average of $7.49 and a two-hundred day moving average of $8.43. Motorcar Parts of America, Inc. has a twelve month low of $4.26 and a twelve month high of $10.40. The company has a market cap of $111.67 million, a price-to-earnings ratio of -2.27 and a beta of 1.43. The company has a quick ratio of 0.39, a current ratio of 1.40 and a debt-to-equity ratio of 0.12.

Motorcar Parts of America (NASDAQ:MPAA) last announced its earnings results on Friday, February 9th. The auto parts company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.36). Motorcar Parts of America had a negative net margin of 6.80% and a negative return on equity of 0.14%. The business had revenue of $171.86 million during the quarter, compared to analyst estimates of $182.20 million. On average, sell-side analysts predict that Motorcar Parts of America, Inc. will post 0.18 EPS for the current fiscal year.

Motorcar Parts of America Company Profile

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy-duty truck, industrial, marine, and agricultural application replacement parts in the United States. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; and brake-related products comprising brake calipers, brake boosters, brake rotors, brake pads, and brake master cylinders.