Motorcar Parts of America, Inc. (NASDAQ:MPAA) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. cut its holdings in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 24.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,500 shares of the auto parts company’s stock after selling 3,700 shares during the period. Teton Advisors Inc. owned 0.06% of Motorcar Parts of America worth $107,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Jump Financial LLC increased its position in shares of Motorcar Parts of America by 4.8% during the fourth quarter. Jump Financial LLC now owns 24,800 shares of the auto parts company’s stock worth $232,000 after purchasing an additional 1,143 shares in the last quarter. Corton Capital Inc. increased its position in shares of Motorcar Parts of America by 11.9% in the 3rd quarter. Corton Capital Inc. now owns 23,983 shares of the auto parts company’s stock valued at $194,000 after acquiring an additional 2,549 shares during the period. Citigroup Inc. increased its position in shares of Motorcar Parts of America by 2,333.4% in the 3rd quarter. Citigroup Inc. now owns 10,780 shares of the auto parts company’s stock valued at $87,000 after acquiring an additional 10,337 shares during the period. Equitable Trust Co. increased its position in shares of Motorcar Parts of America by 23.3% in the 4th quarter. Equitable Trust Co. now owns 57,955 shares of the auto parts company’s stock valued at $541,000 after acquiring an additional 10,940 shares during the period. Finally, Perritt Capital Management Inc. increased its position in shares of Motorcar Parts of America by 20.4% in the 3rd quarter. Perritt Capital Management Inc. now owns 67,316 shares of the auto parts company’s stock valued at $545,000 after acquiring an additional 11,400 shares during the period. 83.48% of the stock is owned by institutional investors and hedge funds.

Motorcar Parts of America Stock Performance

Shares of NASDAQ MPAA traded down $0.04 during mid-day trading on Thursday, hitting $5.61. The stock had a trading volume of 49,414 shares, compared to its average volume of 66,373. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.39 and a current ratio of 1.40. The company has a 50 day moving average of $7.42 and a two-hundred day moving average of $8.41. Motorcar Parts of America, Inc. has a twelve month low of $4.26 and a twelve month high of $10.40. The firm has a market cap of $110.29 million, a PE ratio of -2.32 and a beta of 1.49.

Motorcar Parts of America (NASDAQ:MPAA) last released its earnings results on Friday, February 9th. The auto parts company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.36). Motorcar Parts of America had a negative net margin of 6.80% and a negative return on equity of 0.14%. The firm had revenue of $171.86 million during the quarter, compared to analyst estimates of $182.20 million. Research analysts predict that Motorcar Parts of America, Inc. will post 0.18 EPS for the current fiscal year.

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.