Motorcar Parts of America, Inc. (MPAA) CEO Joffe Selwyn Acquires 5,000 Shares

Motorcar Parts of America, Inc. (NASDAQ:MPAA) CEO Joffe Selwyn purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average cost of $21.00 per share, with a total value of $105,000.00. Following the completion of the transaction, the chief executive officer now owns 140,271 shares in the company, valued at approximately $2,945,691. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Motorcar Parts of America, Inc. (MPAA) traded up $1.15 during mid-day trading on Tuesday, reaching $22.60. 546,435 shares of the company’s stock were exchanged, compared to its average volume of 217,562. Motorcar Parts of America, Inc. has a 52-week low of $20.73 and a 52-week high of $31.57. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.89 and a quick ratio of 0.29. The firm has a market cap of $419.82, a price-to-earnings ratio of 26.28, a P/E/G ratio of 0.48 and a beta of 0.99.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings data on Friday, February 9th. The auto parts company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $100.10 million during the quarter, compared to analyst estimates of $113.46 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The business’s quarterly revenue was down 11.1% compared to the same quarter last year. research analysts predict that Motorcar Parts of America, Inc. will post 2.01 EPS for the current fiscal year.

Motorcar Parts of America declared that its Board of Directors has approved a share repurchase program on Friday, February 9th that permits the company to repurchase $5.00 million in outstanding shares. This repurchase authorization permits the auto parts company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. lifted 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 worth $173,000 after buying an additional 1,806 shares in the last quarter. Voya Investment Management LLC lifted 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 worth $263,000 after buying an additional 1,204 shares in the last quarter. BNP Paribas Arbitrage SA lifted 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 worth $276,000 after buying an additional 3,907 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in Motorcar Parts of America in the 4th quarter worth $288,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Motorcar Parts of America in the 2nd quarter worth $292,000.

A number of analysts recently weighed in on the stock. B. Riley reaffirmed a “buy” rating on shares of Motorcar Parts of America in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. BidaskClub cut shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. ValuEngine cut shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, TheStreet cut shares of Motorcar Parts of America from a “b-” rating to a “c” rating in a research report on Tuesday, December 5th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $34.00.

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Motorcar Parts of America Company Profile

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.

Insider Buying and Selling by Quarter for Motorcar Parts of America (NASDAQ:MPAA)

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