Captrust Financial Advisors Trims Stock Holdings in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Captrust Financial Advisors decreased its stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,528 shares of the auto parts company’s stock after selling 6,107 shares during the quarter. Captrust Financial Advisors owned approximately 0.47% of Motorcar Parts of America worth $711,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Northern Trust Corp grew its position in shares of Motorcar Parts of America by 4.7% during the fourth quarter. Northern Trust Corp now owns 52,469 shares of the auto parts company’s stock worth $399,000 after purchasing an additional 2,347 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Motorcar Parts of America by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 961,295 shares of the auto parts company’s stock worth $7,306,000 after purchasing an additional 2,960 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Motorcar Parts of America by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 216,019 shares of the auto parts company’s stock worth $1,643,000 after purchasing an additional 3,025 shares in the last quarter. Barclays PLC purchased a new stake in shares of Motorcar Parts of America during the third quarter worth about $79,000. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Motorcar Parts of America during the fourth quarter worth about $88,000. Hedge funds and other institutional investors own 83.48% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a research report on Friday.

Motorcar Parts of America Stock Performance

NASDAQ:MPAA opened at $10.88 on Friday. The company has a current ratio of 1.45, a quick ratio of 0.39 and a debt-to-equity ratio of 0.12. Motorcar Parts of America, Inc. has a 12-month low of $4.36 and a 12-month high of $11.89. The stock has a 50-day moving average price of $9.57 and a 200 day moving average price of $8.37. The stock has a market capitalization of $213.07 million, a P/E ratio of -10.99 and a beta of 1.32.

Motorcar Parts of America Company 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.