Joseph Edwin Ferguson Purchases 750 Shares of Motorcar Parts of America, Inc. (MPAA) Stock

Motorcar Parts of America, Inc. (NASDAQ:MPAA) Director Joseph Edwin Ferguson acquired 750 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was purchased at an average price of $21.00 per share, for a total transaction of $15,750.00. Following the acquisition, the director now directly owns 2,946 shares in the company, valued at approximately $61,866. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Motorcar Parts of America, Inc. (NASDAQ MPAA) traded up $1.15 during midday trading on Tuesday, hitting $22.60. The stock had a trading volume of 547,873 shares, compared to its average volume of 217,562. Motorcar Parts of America, Inc. has a fifty-two week low of $20.73 and a fifty-two week high of $31.57. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.89. The stock has a market cap of $419.82, a price-to-earnings ratio of 12.72, a PEG ratio of 0.48 and a beta of 0.99.

Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings results on Friday, February 9th. The auto parts company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.15). Motorcar Parts of America had a return on equity of 13.11% and a net margin of 4.02%. The company had revenue of $100.10 million for the quarter, compared to analysts’ expectations of $113.46 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The firm’s revenue was down 11.1% on a year-over-year basis. equities research analysts expect that Motorcar Parts of America, Inc. will post 2.01 earnings per share for the current fiscal year.

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

MPAA has been the topic of several analyst reports. Zacks Investment Research lowered Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Thursday, November 16th. BidaskClub upgraded Motorcar Parts of America from a “strong sell” rating to a “sell” rating in a report on Saturday, December 16th. TheStreet lowered Motorcar Parts of America from a “b-” rating to a “c” rating in a report on Tuesday, December 5th. ValuEngine lowered Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, B. Riley reiterated a “buy” rating and set a $39.00 price target on shares of Motorcar Parts of America in a report on Monday. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Motorcar Parts of America presently has an average rating of “Hold” and an average price target of $34.00.

Institutional investors and hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. raised its holdings in Motorcar Parts of America by 44.5% in the 3rd quarter. Victory Capital Management Inc. now owns 5,866 shares of the auto parts company’s stock valued at $173,000 after buying an additional 1,806 shares during the period. Voya Investment Management LLC raised its holdings in Motorcar Parts of America by 14.8% in the 2nd quarter. Voya Investment Management LLC now owns 9,322 shares of the auto parts company’s stock valued at $263,000 after buying an additional 1,204 shares during the period. BNP Paribas Arbitrage SA raised its holdings in Motorcar Parts of America by 71.3% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 9,385 shares of the auto parts company’s stock valued at $276,000 after buying an additional 3,907 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in Motorcar Parts of America in the 4th quarter valued at about $288,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Motorcar Parts of America in the 2nd quarter valued at about $292,000.

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About Motorcar Parts of America

Motorcar Parts of America, Inc is a manufacturer, remanufacturer and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assembly, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications.

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