Motorcar Parts of America, Inc. (MPAA) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its stake in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 28.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,360 shares of the auto parts company’s stock after selling 42,313 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.56% of Motorcar Parts of America worth $3,163,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MPAA. Royal Bank of Canada grew its holdings in shares of Motorcar Parts of America by 533.9% during the second quarter. Royal Bank of Canada now owns 835,139 shares of the auto parts company’s stock valued at $23,584,000 after buying an additional 703,390 shares during the last quarter. Ashford Capital Management Inc. purchased a new stake in shares of Motorcar Parts of America during the second quarter valued at $11,330,000. Vanguard Group Inc. grew its holdings in shares of Motorcar Parts of America by 24.2% during the first quarter. Vanguard Group Inc. now owns 993,275 shares of the auto parts company’s stock valued at $30,523,000 after buying an additional 193,579 shares during the last quarter. Northpointe Capital LLC grew its holdings in shares of Motorcar Parts of America by 268.7% during the second quarter. Northpointe Capital LLC now owns 254,344 shares of the auto parts company’s stock valued at $7,183,000 after buying an additional 185,363 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Motorcar Parts of America by 13.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,076,980 shares of the auto parts company’s stock valued at $30,414,000 after buying an additional 123,693 shares during the last quarter.

Shares of Motorcar Parts of America, Inc. (MPAA) opened at $24.48 on Monday. Motorcar Parts of America, Inc. has a 1-year low of $23.98 and a 1-year high of $31.57. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.89 and a quick ratio of 0.29. The company has a market cap of $466.83, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 0.51 and a beta of 0.93.

Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings results on Thursday, November 9th. The auto parts company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.06). Motorcar Parts of America had a net margin of 8.03% and a return on equity of 15.15%. The business had revenue of $111.77 million during the quarter, compared to analysts’ expectations of $112.83 million. During the same period in the previous year, the company posted $0.64 earnings per share. Motorcar Parts of America’s revenue for the quarter was up 2.7% compared to the same quarter last year. equities research analysts anticipate that Motorcar Parts of America, Inc. will post 2.09 EPS for the current year.

A number of equities research analysts have recently weighed in on MPAA shares. Zacks Investment Research raised shares of Motorcar Parts of America from a “sell” rating to a “hold” rating and set a $28.00 price objective on the stock in a report on Wednesday, August 16th. Roth Capital set a $32.00 price objective on shares of Motorcar Parts of America and gave the company a “buy” rating in a report on Sunday, August 20th. TheStreet lowered shares of Motorcar Parts of America from a “b-” rating to a “c” rating in a report on Monday, August 28th. Finally, ValuEngine lowered shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $35.50.

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Motorcar Parts of America Profile

Motorcar Parts of America, Inc is a manufacturer, remanufacturer and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assembly, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications.

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Institutional Ownership by Quarter for Motorcar Parts of America (NASDAQ:MPAA)

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