Tieton Capital Management LLC Purchases 221,925 Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Tieton Capital Management LLC increased its position in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 22.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,194,361 shares of the auto parts company’s stock after acquiring an additional 221,925 shares during the quarter. Motorcar Parts of America accounts for approximately 3.6% of Tieton Capital Management LLC’s holdings, making the stock its 9th largest holding. Tieton Capital Management LLC owned about 0.06% of Motorcar Parts of America worth $9,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC acquired a new stake in shares of Motorcar Parts of America in the 3rd quarter worth approximately $79,000. Bailard Inc. acquired a new stake in shares of Motorcar Parts of America in the 4th quarter worth approximately $201,000. Atlas Legacy Advisors LLC acquired a new stake in shares of Motorcar Parts of America in the 4th quarter worth approximately $580,000. Victory Capital Management Inc. grew its holdings 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 during the period. Finally, Captrust Financial Advisors grew its holdings in Motorcar Parts of America by 3.1% during the 3rd quarter. Captrust Financial Advisors now owns 99,635 shares of the auto parts company’s stock valued at $736,000 after buying an additional 3,005 shares during the last quarter. Institutional investors and hedge funds own 83.48% of the company’s stock.

Motorcar Parts of America Price Performance

Shares of NASDAQ:MPAA opened at $10.32 on Monday. The business’s fifty day moving average price is $8.71 and its two-hundred day moving average price is $7.44. The stock has a market cap of $202.11 million, a PE ratio of -10.42 and a beta of 1.35. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.39 and a current ratio of 1.45. Motorcar Parts of America, Inc. has a one year low of $4.36 and a one year high of $11.89.

Analyst Upgrades and Downgrades

MPAA has been the topic of a number of analyst reports. StockNews.com upgraded Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a report on Friday. Cantor Fitzgerald initiated coverage on Motorcar Parts of America in a report on Friday, December 20th. They set an “overweight” rating and a $14.00 target price on the stock.

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.