Barclays PLC Takes $79,000 Position in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Barclays PLC acquired a new stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) during the third quarter, according to its most recent filing with the SEC. The firm acquired 10,710 shares of the auto parts company’s stock, valued at approximately $79,000.

Several other institutional investors also recently bought and sold shares of MPAA. Sequoia Financial Advisors LLC purchased a new stake in shares of Motorcar Parts of America in the third quarter valued at about $281,000. Oppenheimer Asset Management Inc. boosted its holdings in Motorcar Parts of America by 20.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 42,201 shares of the auto parts company’s stock valued at $312,000 after purchasing an additional 7,198 shares in the last quarter. Equitable Trust Co. increased its position in Motorcar Parts of America by 9.3% during the 3rd quarter. Equitable Trust Co. now owns 67,965 shares of the auto parts company’s stock worth $502,000 after purchasing an additional 5,780 shares during the period. Squarepoint Ops LLC raised its stake in shares of Motorcar Parts of America by 72.1% during the 2nd quarter. Squarepoint Ops LLC now owns 84,221 shares of the auto parts company’s stock worth $520,000 after buying an additional 35,285 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Motorcar Parts of America by 26.2% in the 2nd quarter. Marshall Wace LLP now owns 92,749 shares of the auto parts company’s stock valued at $572,000 after buying an additional 19,233 shares during the period. 83.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on MPAA shares. StockNews.com raised Motorcar Parts of America from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. Cantor Fitzgerald initiated coverage on Motorcar Parts of America in a research report on Friday, December 20th. They issued an “overweight” rating and a $14.00 price target for the company.

Insider Activity at Motorcar Parts of America

In related news, Director Bison Capital Partners Vi, L.P purchased 50,000 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was bought at an average price of $6.86 per share, with a total value of $343,000.00. Following the completion of the transaction, the director now owns 320,300 shares of the company’s stock, valued at approximately $2,197,258. This represents a 18.50 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.70% of the stock is owned by corporate insiders.

Motorcar Parts of America Stock Down 1.5 %

Shares of NASDAQ MPAA opened at $7.12 on Friday. The firm’s 50-day moving average is $7.46 and its two-hundred day moving average is $6.62. The company has a market capitalization of $141.33 million, a PE ratio of -2.03 and a beta of 1.49. Motorcar Parts of America, Inc. has a 12-month low of $4.36 and a 12-month high of $10.40. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.39 and a quick ratio of 0.43.

Motorcar Parts of America 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.