Azarias Capital Management L.P. Has $8.23 Million Holdings in Motorcar Parts of America, Inc. (NASDAQ:MPAA)

Azarias Capital Management L.P. trimmed its stake in Motorcar Parts of America, Inc. (NASDAQ:MPAA) by 13.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,083,105 shares of the auto parts company’s stock after selling 169,116 shares during the period. Motorcar Parts of America comprises approximately 3.7% of Azarias Capital Management L.P.’s investment portfolio, making the stock its 14th biggest position. Azarias Capital Management L.P. owned approximately 0.05% of Motorcar Parts of America worth $8,232,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Barclays PLC bought a new stake in shares of Motorcar Parts of America in the 3rd quarter valued at about $79,000. Sequoia Financial Advisors LLC acquired a new position in shares of Motorcar Parts of America in the third quarter worth approximately $281,000. Oppenheimer Asset Management Inc. boosted its holdings in Motorcar Parts of America by 20.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 42,201 shares of the auto parts company’s stock valued at $312,000 after acquiring an additional 7,198 shares during the last quarter. Equitable Trust Co. increased its position in Motorcar Parts of America by 9.3% during the 3rd quarter. Equitable Trust Co. now owns 67,965 shares of the auto parts company’s stock valued at $502,000 after purchasing an additional 5,780 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Motorcar Parts of America by 9.1% during the 3rd quarter. Victory Capital Management Inc. now owns 96,000 shares of the auto parts company’s stock worth $709,000 after purchasing an additional 8,000 shares during the last quarter. 83.48% of the stock is owned by institutional investors.

Motorcar Parts of America Price Performance

Shares of MPAA stock opened at $7.65 on Thursday. Motorcar Parts of America, Inc. has a fifty-two week low of $4.36 and a fifty-two week high of $10.10. The stock has a 50 day simple moving average of $7.33 and a two-hundred day simple moving average of $6.64. The company has a current ratio of 1.39, a quick ratio of 0.43 and a debt-to-equity ratio of 0.12.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. StockNews.com raised shares of Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Cantor Fitzgerald assumed coverage on shares of Motorcar Parts of America in a research report on Friday, December 20th. They set an “overweight” rating and a $14.00 price target on the stock.

About Motorcar Parts of America

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.