Motorcar Parts of America, Inc. (NASDAQ:MPAA) Shares Purchased by Tieton Capital Management LLC

Tieton Capital Management LLC lifted its position in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 22.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,194,361 shares of the auto parts company’s stock after purchasing an additional 221,925 shares during the quarter. Motorcar Parts of America makes up 3.6% of Tieton Capital Management LLC’s investment portfolio, making the stock its 9th biggest holding. Tieton Capital Management LLC owned about 6.02% of Motorcar Parts of America worth $9,077,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Barclays PLC acquired a new stake in shares of Motorcar Parts of America in the 3rd quarter valued at about $79,000. Bailard Inc. acquired a new stake in shares of Motorcar Parts of America in the 4th quarter valued at about $201,000. Atlas Legacy Advisors LLC acquired a new stake in shares of Motorcar Parts of America in the 4th quarter valued at about $580,000. Victory Capital Management Inc. boosted its position in shares of Motorcar Parts of America by 9.1% in the 3rd quarter. Victory Capital Management Inc. now owns 96,000 shares of the auto parts company’s stock valued at $709,000 after purchasing an additional 8,000 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of Motorcar Parts of America by 3.1% in the 3rd quarter. Captrust Financial Advisors now owns 99,635 shares of the auto parts company’s stock valued at $736,000 after purchasing an additional 3,005 shares during the period. 83.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on MPAA shares. Cantor Fitzgerald started coverage on Motorcar Parts of America in a research note on Friday, December 20th. They set an “overweight” rating and a $14.00 price objective for the company. StockNews.com raised Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a research note on Friday.

Motorcar Parts of America Stock Down 0.7 %

MPAA opened at $10.32 on Monday. The business has a 50 day moving average price of $8.71 and a two-hundred day moving average price of $7.44. The company has a quick ratio of 0.39, a current ratio of 1.45 and a debt-to-equity ratio of 0.12. The company has a market cap of $202.11 million, a PE ratio of -10.42 and a beta of 1.35. Motorcar Parts of America, Inc. has a 52 week low of $4.36 and a 52 week high of $11.89.

About Motorcar Parts of America

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.