26,408 Shares in Motorcar Parts of America, Inc. (NASDAQ:MPAA) Bought by Bailard Inc.

Bailard Inc. acquired a new stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 26,408 shares of the auto parts company’s stock, valued at approximately $201,000. Bailard Inc. owned about 0.13% of Motorcar Parts of America at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in MPAA. Captrust Financial Advisors lifted its position in shares of Motorcar Parts of America by 3.1% during the third quarter. Captrust Financial Advisors now owns 99,635 shares of the auto parts company’s stock worth $736,000 after purchasing an additional 3,005 shares during the last quarter. Equitable Trust Co. raised its stake in Motorcar Parts of America by 9.3% during the third quarter. Equitable Trust Co. now owns 67,965 shares of the auto parts company’s stock valued at $502,000 after buying an additional 5,780 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Motorcar Parts of America by 20.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 42,201 shares of the auto parts company’s stock worth $312,000 after buying an additional 7,198 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Motorcar Parts of America by 9.1% in the 3rd quarter. Victory Capital Management Inc. now owns 96,000 shares of the auto parts company’s stock worth $709,000 after acquiring an additional 8,000 shares in the last quarter. Finally, Barclays PLC bought a new stake in shares of Motorcar Parts of America in the 3rd quarter valued at approximately $79,000. 83.48% of the stock is owned by institutional investors and hedge funds.

Motorcar Parts of America Stock Down 2.2 %

NASDAQ:MPAA opened at $10.17 on Thursday. The company has a current ratio of 1.45, a quick ratio of 0.39 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average of $8.01 and a 200-day moving average of $7.09. The firm has a market capitalization of $199.17 million, a PE ratio of -10.27 and a beta of 1.47. Motorcar Parts of America, Inc. has a 52 week low of $4.36 and a 52 week high of $11.89.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Cantor Fitzgerald started coverage on Motorcar Parts of America in a research note on Friday, December 20th. They set an “overweight” rating and a $14.00 price objective on the stock. StockNews.com downgraded shares of Motorcar Parts of America from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 20th.

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.