Azarias Capital Management L.P. Has $8.23 Million Stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Azarias Capital Management L.P. cut its position in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 13.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,083,105 shares of the auto parts company’s stock after selling 169,116 shares during the quarter. Motorcar Parts of America accounts for about 3.7% of Azarias Capital Management L.P.’s portfolio, making the stock its 14th largest holding. Azarias Capital Management L.P. owned about 5.46% of Motorcar Parts of America worth $8,232,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC acquired a new position in Motorcar Parts of America during the third quarter valued at approximately $79,000. Sequoia Financial Advisors LLC bought a new stake in shares of Motorcar Parts of America during the 3rd quarter worth $281,000. Oppenheimer Asset Management Inc. boosted its stake in Motorcar Parts of America by 20.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 42,201 shares of the auto parts company’s stock valued at $312,000 after buying an additional 7,198 shares in the last quarter. Equitable Trust Co. boosted its stake in Motorcar Parts of America by 9.3% in 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. Finally, Victory Capital Management Inc. grew its position in Motorcar Parts of America by 9.1% in the third quarter. Victory Capital Management Inc. now owns 96,000 shares of the auto parts company’s stock valued at $709,000 after acquiring an additional 8,000 shares during the last quarter. Institutional investors own 83.48% of the company’s stock.

Motorcar Parts of America Price Performance

Shares of MPAA stock opened at $7.65 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.39 and a quick ratio of 0.43. The business’s 50-day moving average price is $7.33 and its 200-day moving average price is $6.64. Motorcar Parts of America, Inc. has a 12 month low of $4.36 and a 12 month high of $10.10.

Analyst Upgrades and Downgrades

MPAA has been the subject of a number of research reports. Cantor Fitzgerald began coverage on shares of Motorcar Parts of America in a report on Friday, December 20th. They issued an “overweight” rating and a $14.00 target price for the company. StockNews.com raised shares of Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.

About Motorcar Parts of America

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.