Hamilton Lane Advisors LLC acquired a new position in shares of U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) during the second quarter, according to its most recent filing with the SEC. The firm acquired 585,603 shares of the specialty retailer’s stock, valued at approximately $1,891,000. U.S. Auto Parts Network makes up approximately 1.0% of Hamilton Lane Advisors LLC’s portfolio, making the stock its 23rd largest position. Hamilton Lane Advisors LLC owned about 1.70% of U.S. Auto Parts Network as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in PRTS. Globeflex Capital L P increased its stake in shares of U.S. Auto Parts Network by 17,850.9% in the first quarter. Globeflex Capital L P now owns 40,928 shares of the specialty retailer’s stock worth $137,000 after buying an additional 40,700 shares during the last quarter. TFS Capital LLC increased its stake in shares of U.S. Auto Parts Network by 169.9% in the first quarter. TFS Capital LLC now owns 48,172 shares of the specialty retailer’s stock worth $161,000 after buying an additional 30,324 shares during the last quarter. Skylands Capital LLC increased its stake in shares of U.S. Auto Parts Network by 646.3% in the second quarter. Skylands Capital LLC now owns 116,055 shares of the specialty retailer’s stock worth $375,000 after buying an additional 100,505 shares during the last quarter. Blair William & Co. IL increased its stake in shares of U.S. Auto Parts Network by 5.3% in the first quarter. Blair William & Co. IL now owns 127,313 shares of the specialty retailer’s stock worth $426,000 after buying an additional 6,413 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of U.S. Auto Parts Network by 2.6% in the first quarter. Acadian Asset Management LLC now owns 481,967 shares of the specialty retailer’s stock worth $1,616,000 after buying an additional 12,231 shares during the last quarter. Hedge funds and other institutional investors own 63.71% of the company’s stock.
Shares of U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) opened at 2.74 on Friday. U.S. Auto Parts Network, Inc. has a 52-week low of $2.40 and a 52-week high of $4.35. The firm’s market capitalization is $94.55 million. The stock’s 50 day moving average is $3.09 and its 200-day moving average is $3.31.
U.S. Auto Parts Network (NASDAQ:PRTS) last posted its earnings results on Wednesday, May 10th. The specialty retailer reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by $0.01. U.S. Auto Parts Network had a positive return on equity of 6.07% and a negative net margin of 0.09%. The firm had revenue of $80.80 million during the quarter, compared to the consensus estimate of $82.34 million. The business’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities analysts forecast that U.S. Auto Parts Network, Inc. will post $0.09 earnings per share for the current fiscal year.
U.S. Auto Parts Network declared that its board has initiated a stock repurchase plan on Wednesday, May 17th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 4.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
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PRTS has been the subject of a number of research reports. Roth Capital set a $5.00 price target on shares of U.S. Auto Parts Network and gave the company a “buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research upgraded shares of U.S. Auto Parts Network from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Finally, ValuEngine downgraded shares of U.S. Auto Parts Network from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd.
U.S. Auto Parts Network Company Profile
U.S. Auto Parts Network, Inc is an online provider of automotive aftermarket parts and repair information. The Company is an online provider of aftermarket auto parts, including collision parts, engine parts, and performance parts and accessories. The Company operates through two segments: Base USAP, which is an auto parts business, and AutoMD, an online automotive repair source.
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