Insider Buying: Motorcar Parts of America, Inc. (MPAA) Director Purchases 750 Shares of Stock

Motorcar Parts of America, Inc. (NASDAQ:MPAA) Director Joseph Edwin Ferguson bought 750 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were purchased at an average cost of $21.00 per share, with a total value of $15,750.00. Following the completion of the transaction, the director now owns 2,946 shares in the company, valued at $61,866. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Motorcar Parts of America, Inc. (NASDAQ:MPAA) traded up $1.99 on Thursday, hitting $24.59. The stock had a trading volume of 432,400 shares, compared to its average volume of 217,478. The company has a market cap of $431.07, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 0.49 and a beta of 0.99. The company has a current ratio of 0.74, a quick ratio of 0.29 and a debt-to-equity ratio of 0.05. Motorcar Parts of America, Inc. has a 52-week low of $20.73 and a 52-week high of $31.57.

Motorcar Parts of America (NASDAQ:MPAA) last released its quarterly earnings results on Friday, February 9th. The auto parts company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.15). The company had revenue of $100.10 million during the quarter, compared to the consensus estimate of $113.46 million. Motorcar Parts of America had a return on equity of 13.00% and a net margin of 4.02%. The company’s revenue was down 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 earnings per share. research analysts forecast that Motorcar Parts of America, Inc. will post 2.01 earnings per share for the current fiscal year.

Motorcar Parts of America declared that its board has approved a stock buyback program on Friday, February 9th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the auto parts company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

A number of equities research analysts have weighed in on MPAA shares. Zacks Investment Research raised Motorcar Parts of America from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. B. Riley reaffirmed a “buy” rating on shares of Motorcar Parts of America in a research report on Wednesday, November 1st. TheStreet lowered Motorcar Parts of America from a “b-” rating to a “c” rating in a research report on Tuesday, December 5th. BidaskClub raised Motorcar Parts of America from a “strong sell” rating to a “sell” rating in a research report on Saturday, December 16th. Finally, ValuEngine lowered Motorcar Parts of America from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Motorcar Parts of America has a consensus rating of “Hold” and a consensus price target of $34.00.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MPAA. Schwab Charles Investment Management Inc. raised its position in shares of Motorcar Parts of America by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 84,426 shares of the auto parts company’s stock worth $2,385,000 after acquiring an additional 437 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Motorcar Parts of America by 10.4% in the 2nd quarter. Teachers Advisors LLC now owns 33,221 shares of the auto parts company’s stock worth $938,000 after acquiring an additional 3,134 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Motorcar Parts of America by 1.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 49,111 shares of the auto parts company’s stock worth $1,387,000 after acquiring an additional 572 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of Motorcar Parts of America by 100.4% in the 2nd quarter. Nationwide Fund Advisors now owns 27,945 shares of the auto parts company’s stock worth $789,000 after acquiring an additional 14,002 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its position in shares of Motorcar Parts of America by 7.8% in the 2nd quarter. Thrivent Financial For Lutherans now owns 11,290 shares of the auto parts company’s stock worth $319,000 after acquiring an additional 820 shares in the last quarter.

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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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