Teton Advisors Inc. Trims Stock Position in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Teton Advisors Inc. cut its stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 24.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,500 shares of the auto parts company’s stock after selling 3,700 shares during the quarter. Teton Advisors Inc.’s holdings in Motorcar Parts of America were worth $107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of MPAA. Cove Street Capital LLC increased its stake in Motorcar Parts of America by 384.8% in the third quarter. Cove Street Capital LLC now owns 700,367 shares of the auto parts company’s stock valued at $5,330,000 after purchasing an additional 555,904 shares during the period. Acadian Asset Management LLC increased its stake in Motorcar Parts of America by 211.4% in the third quarter. Acadian Asset Management LLC now owns 167,593 shares of the auto parts company’s stock valued at $1,354,000 after purchasing an additional 113,779 shares during the period. GSA Capital Partners LLP increased its stake in Motorcar Parts of America by 86.0% in the third quarter. GSA Capital Partners LLP now owns 176,336 shares of the auto parts company’s stock valued at $1,427,000 after purchasing an additional 81,507 shares during the period. Azarias Capital Management L.P. increased its stake in Motorcar Parts of America by 2.6% in the fourth quarter. Azarias Capital Management L.P. now owns 1,211,910 shares of the auto parts company’s stock valued at $11,319,000 after purchasing an additional 30,855 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new position in Motorcar Parts of America in the third quarter valued at $155,000. 83.48% of the stock is currently owned by institutional investors and hedge funds.

Motorcar Parts of America Stock Performance

NASDAQ MPAA traded down $0.04 during trading on Thursday, reaching $5.61. The company’s stock had a trading volume of 49,414 shares, compared to its average volume of 66,373. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.39 and a current ratio of 1.40. The firm has a market cap of $110.29 million, a price-to-earnings ratio of -2.32 and a beta of 1.49. Motorcar Parts of America, Inc. has a twelve month low of $4.26 and a twelve month high of $10.40. The business’s fifty day moving average price is $7.42 and its 200-day moving average price is $8.41.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings results on Friday, February 9th. The auto parts company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.36). Motorcar Parts of America had a negative return on equity of 0.14% and a negative net margin of 6.80%. The firm had revenue of $171.86 million for the quarter, compared to analyst estimates of $182.20 million. As a group, analysts anticipate that Motorcar Parts of America, Inc. will post 0.18 EPS for the current fiscal year.

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.