Azarias Capital Management L.P. Buys 316,461 Shares of Motorcar Parts of America, Inc. $MPAA

Azarias Capital Management L.P. lifted its stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 146.2% during the first quarter, Holdings Channel reports. The fund owned 532,869 shares of the auto parts company’s stock after buying an additional 316,461 shares during the quarter. Motorcar Parts of America comprises 2.6% of Azarias Capital Management L.P.’s investment portfolio, making the stock its 13th largest position. Azarias Capital Management L.P.’s holdings in Motorcar Parts of America were worth $5,894,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MPAA. BNP Paribas Financial Markets grew its holdings in Motorcar Parts of America by 2,191.3% in the second quarter. BNP Paribas Financial Markets now owns 2,887 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 2,761 shares during the period. Quarry LP raised its holdings in shares of Motorcar Parts of America by 1,117.9% during the third quarter. Quarry LP now owns 4,214 shares of the auto parts company’s stock valued at $70,000 after purchasing an additional 3,868 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Motorcar Parts of America during the 4th quarter worth about $63,000. JPMorgan Chase & Co. boosted its position in shares of Motorcar Parts of America by 7,127.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,745 shares of the auto parts company’s stock worth $98,000 after purchasing an additional 8,624 shares in the last quarter. Finally, LSV Asset Management acquired a new stake in shares of Motorcar Parts of America in the 4th quarter valued at about $114,000. 83.48% of the stock is owned by institutional investors.

Motorcar Parts of America Stock Performance

Shares of MPAA opened at $15.36 on Monday. The firm has a market capitalization of $290.61 million, a P/E ratio of 27.93 and a beta of 1.21. Motorcar Parts of America, Inc. has a 52 week low of $9.29 and a 52 week high of $18.12. The stock has a 50 day moving average price of $11.88 and a two-hundred day moving average price of $11.81. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.47 and a current ratio of 1.46.

Motorcar Parts of America (NASDAQ:MPAA) last posted its earnings results on Monday, June 8th. The auto parts company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. The company had revenue of $212.28 million for the quarter, compared to analyst estimates of $175.96 million. Motorcar Parts of America had a return on equity of 5.53% and a net margin of 1.57%.During the same quarter last year, the company earned ($0.04) earnings per share. Equities analysts forecast that Motorcar Parts of America, Inc. will post 0.79 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Oppenheimer assumed coverage on Motorcar Parts of America in a research report on Friday, March 6th. They issued an “outperform” rating and a $18.00 target price for the company. Wall Street Zen raised Motorcar Parts of America from a “hold” rating to a “strong-buy” rating in a research note on Saturday, June 13th. Cantor Fitzgerald reissued an “overweight” rating on shares of Motorcar Parts of America in a research note on Tuesday, June 9th. Finally, Weiss Ratings raised Motorcar Parts of America from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Motorcar Parts of America currently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

Motorcar Parts of America Profile

Motorcar Parts of America, Inc is a leading North American designer, manufacturer and distributor of aftermarket automotive replacement parts. The company’s product portfolio spans collision and mechanical components, providing solutions for steering and suspension, brake systems, engine cooling, electrical and drivelines. Through a combination of proprietary brands and exclusive licensing agreements, Motorcar Parts of America offers an extensive selection of both new and remanufactured parts to meet the needs of automotive service professionals and retailers.

In addition to its core collision and under-hood product lines, the company markets specialty items such as performance accessories, tools and equipment.