Insider Buying: U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) Major Shareholder Buys 15,690 Shares of Stock

U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) major shareholder Fund Lp Philotimo purchased 15,690 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was purchased at an average cost of $1.26 per share, with a total value of $19,769.40. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of NASDAQ:PRTS remained flat at $$1.27 during mid-day trading on Friday. 65,046 shares of the company were exchanged, compared to its average volume of 89,871. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.17 and a current ratio of 1.07. The company has a market cap of $45.49 million, a price-to-earnings ratio of -9.07 and a beta of 1.41. The company has a 50-day moving average price of $1.20 and a 200-day moving average price of $1.09. U.S. Auto Parts Network, Inc. has a 1 year low of $0.88 and a 1 year high of $1.80.

U.S. Auto Parts Network (NASDAQ:PRTS) last posted its quarterly earnings data on Thursday, August 8th. The specialty retailer reported ($0.04) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.04). The firm had revenue of $73.69 million during the quarter, compared to analysts’ expectations of $74.66 million. U.S. Auto Parts Network had a negative net margin of 3.21% and a negative return on equity of 23.48%. On average, research analysts predict that U.S. Auto Parts Network, Inc. will post -0.21 earnings per share for the current year.

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of U.S. Auto Parts Network by 95.1% in the 2nd quarter. Vanguard Group Inc. now owns 505,708 shares of the specialty retailer’s stock worth $632,000 after purchasing an additional 246,480 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of U.S. Auto Parts Network by 6.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,254,574 shares of the specialty retailer’s stock worth $1,568,000 after purchasing an additional 76,905 shares in the last quarter. Mid Atlantic Financial Management Inc. ADV boosted its holdings in shares of U.S. Auto Parts Network by 43.0% in the 2nd quarter. Mid Atlantic Financial Management Inc. ADV now owns 61,100 shares of the specialty retailer’s stock worth $76,000 after purchasing an additional 18,375 shares in the last quarter. Cutter & CO Brokerage Inc. purchased a new position in shares of U.S. Auto Parts Network in the 2nd quarter worth about $57,000. Finally, North Star Investment Management Corp. boosted its holdings in shares of U.S. Auto Parts Network by 22.0% in the 2nd quarter. North Star Investment Management Corp. now owns 2,368,175 shares of the specialty retailer’s stock worth $2,960,000 after purchasing an additional 427,439 shares in the last quarter. 26.30% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on the stock. Barrington Research set a $5.00 price target on shares of U.S. Auto Parts Network and gave the company a “buy” rating in a research note on Friday, May 10th. Zacks Investment Research raised shares of U.S. Auto Parts Network from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a research note on Saturday, August 17th. Finally, ValuEngine cut shares of U.S. Auto Parts Network from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th.

U.S. Auto Parts Network Company Profile

U.S. Auto Parts Network, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories primarily in the United States and the Philippines. It offers collision parts, such as parts for the exterior of an automobile; mirror products; engine parts comprising engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories to individual consumers through its network of e-commerce Websites and online marketplaces.

Further Reading: When can a hold rating present a buying opportunity?

Insider Buying and Selling by Quarter for U.S. Auto Parts Network (NASDAQ:PRTS)

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