Cove Street Capital LLC Sells 192,689 Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Cove Street Capital LLC lowered its position in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 72.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 73,378 shares of the auto parts company’s stock after selling 192,689 shares during the quarter. Cove Street Capital LLC’s holdings in Motorcar Parts of America were worth $559,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MPAA. Barclays PLC bought a new stake in shares of Motorcar Parts of America during the 3rd quarter valued at about $79,000. Bailard Inc. bought a new position in shares of Motorcar Parts of America during the 4th quarter worth approximately $201,000. Atlas Legacy Advisors LLC acquired a new stake in shares of Motorcar Parts of America during the 4th quarter worth approximately $580,000. Captrust Financial Advisors grew its position in shares of 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 worth $736,000 after buying an additional 3,005 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Motorcar Parts of America by 14.9% during the 4th quarter. Victory Capital Management Inc. now owns 110,310 shares of the auto parts company’s stock valued at $838,000 after acquiring an additional 14,310 shares during the period. 83.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MPAA has been the subject of a number of research reports. StockNews.com upgraded shares of Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a report on Friday, March 21st. Cantor Fitzgerald began coverage on Motorcar Parts of America in a research note on Friday, December 20th. They issued an “overweight” rating and a $14.00 target price for the company.

Motorcar Parts of America Trading Down 6.7 %

NASDAQ MPAA opened at $9.35 on Friday. Motorcar Parts of America, Inc. has a 52 week low of $4.36 and a 52 week high of $11.89. The business has a 50 day moving average price of $9.04 and a 200-day moving average price of $7.58. The company has a quick ratio of 0.39, a current ratio of 1.45 and a debt-to-equity ratio of 0.12. The company has a market cap of $183.11 million, a price-to-earnings ratio of -9.44 and a beta of 1.35.

Motorcar Parts of America 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.