Landscape Capital Management L.L.C. Invests $288,000 in Motorcar Parts of America, Inc. (MPAA)

Landscape Capital Management L.L.C. purchased a new position in shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 11,524 shares of the auto parts company’s stock, valued at approximately $288,000.

Several other large investors have also modified their holdings of the company. BlackRock Inc. grew its position in shares of Motorcar Parts of America by 3.7% during the 4th quarter. BlackRock Inc. now owns 2,439,954 shares of the auto parts company’s stock worth $60,974,000 after buying an additional 88,097 shares during the period. Fine Capital Partners L.P. grew its position in shares of Motorcar Parts of America by 2.0% during the 3rd quarter. Fine Capital Partners L.P. now owns 1,810,626 shares of the auto parts company’s stock worth $53,341,000 after buying an additional 35,000 shares during the period. Dimensional Fund Advisors LP boosted its stake in Motorcar Parts of America by 8.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,171,965 shares of the auto parts company’s stock worth $34,526,000 after acquiring an additional 94,985 shares during the last quarter. River Road Asset Management LLC boosted its stake in Motorcar Parts of America by 4.6% during the 4th quarter. River Road Asset Management LLC now owns 944,797 shares of the auto parts company’s stock worth $23,610,000 after acquiring an additional 41,560 shares during the last quarter. Finally, State Street Corp boosted its stake in Motorcar Parts of America by 4.4% during the 2nd quarter. State Street Corp now owns 429,157 shares of the auto parts company’s stock worth $12,117,000 after acquiring an additional 18,153 shares during the last quarter.

How to Become a New Pot Stock Millionaire

Motorcar Parts of America, Inc. (NASDAQ:MPAA) opened at $21.93 on Tuesday. Motorcar Parts of America, Inc. has a one year low of $20.11 and a one year high of $31.57. The firm has a market cap of $414.09, a P/E ratio of 12.55, a P/E/G ratio of 0.52 and a beta of 1.24. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.18 and a current ratio of 0.74.

Motorcar Parts of America (NASDAQ:MPAA) last released its quarterly earnings data on Friday, February 9th. The auto parts company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.15). Motorcar Parts of America had a return on equity of 13.00% and a net margin of 4.02%. The firm had revenue of $100.10 million for the quarter, compared to the consensus estimate of $113.46 million. During the same period in the previous year, the business earned $0.60 EPS. The firm’s revenue was down 11.1% compared to the same quarter last year. analysts forecast that Motorcar Parts of America, Inc. will post 1.81 earnings per share for the current fiscal year.

Motorcar Parts of America declared that its Board of Directors has authorized a share buyback plan on Friday, February 9th that authorizes the company to repurchase $5.00 million in outstanding shares. This repurchase authorization authorizes the auto parts company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

In related news, CEO Joffe Selwyn purchased 5,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were purchased at an average price of $21.00 per share, with a total value of $105,000.00. Following the completion of the purchase, the chief executive officer now owns 140,271 shares in the company, valued at approximately $2,945,691. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders acquired 6,612 shares of company stock worth $140,356. Insiders own 4.20% of the company’s stock.

MPAA has been the topic of several recent analyst reports. Roth Capital set a $26.00 price objective on shares of Motorcar Parts of America and gave the stock a “buy” rating in a research note on Monday, February 12th. ValuEngine lowered shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research lowered shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a research note on Thursday, November 16th. BidaskClub raised shares of Motorcar Parts of America from a “strong sell” rating to a “sell” rating in a research note on Saturday, December 16th. Finally, B. Riley reissued a “buy” rating and set a $39.00 price objective on shares of Motorcar Parts of America in a research note on Monday, February 12th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $34.00.

ILLEGAL ACTIVITY NOTICE: “Landscape Capital Management L.L.C. Invests $288,000 in Motorcar Parts of America, Inc. (MPAA)” was published by Markets Daily and is the property of of Markets Daily. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be viewed at https://www.themarketsdaily.com/2018/03/13/landscape-capital-management-l-l-c-invests-288000-in-motorcar-parts-of-america-inc-mpaa.html.

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.

Want to see what other hedge funds are holding MPAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorcar Parts of America, Inc. (NASDAQ:MPAA).

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

Receive News & Ratings for Motorcar Parts of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorcar Parts of America and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply