Motorcar Parts of America, Inc. (NASDAQ:MPAA) Director Bison Capital Partners Vi, L.P Acquires 50,000 Shares

Motorcar Parts of America, Inc. (NASDAQ:MPAA) Director Bison Capital Partners Vi, L.P acquired 50,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were acquired at an average cost of $6.86 per share, with a total value of $343,000.00. Following the purchase, the director now owns 320,300 shares in the company, valued at $2,197,258. This represents a 18.50 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Motorcar Parts of America Stock Performance

NASDAQ MPAA opened at $6.80 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.43 and a current ratio of 1.39. The stock’s fifty day moving average is $6.13 and its two-hundred day moving average is $5.96. The firm has a market capitalization of $134.98 million, a P/E ratio of -1.94 and a beta of 1.44. Motorcar Parts of America, Inc. has a fifty-two week low of $4.36 and a fifty-two week high of $10.40.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Motorcar Parts of America from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC acquired a new stake in Motorcar Parts of America during the third quarter worth about $79,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of Motorcar Parts of America in the 1st quarter valued at approximately $90,000. Privium Fund Management UK Ltd increased its holdings in shares of Motorcar Parts of America by 22.4% during the 2nd quarter. Privium Fund Management UK Ltd now owns 27,509 shares of the auto parts company’s stock worth $163,000 after buying an additional 5,038 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Motorcar Parts of America by 24.9% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 35,003 shares of the auto parts company’s stock valued at $216,000 after buying an additional 6,979 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new position in Motorcar Parts of America in the third quarter valued at approximately $281,000. Institutional investors and hedge funds own 83.48% of the company’s stock.

Motorcar Parts of America Company 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.