Motorcar Parts of America, Inc. (NASDAQ:MPAA) CEO sells $466,284.00 in stock

Motorcar Parts of America, Inc. (NASDAQ: MPAA – Get a rating) CEO Joffe Selwyn sold 33,306 shares of the company in a trade on Thursday, September 22. The stock was sold at an average price of $14.00, for a total transaction of $466,284.00. Following the completion of the sale, the CEO now owns 428,449 shares of the company, valued at $5,998,286. The transaction was disclosed in an SEC filing, which is available via this hyperlink.

Motorcar Parts of America Stock Performance

The NASDAQ MPAA traded down $0.12 at midday Friday, hitting $14.12. The company had a trading volume of 67,968 shares, compared to an average volume of 61,509. The company has a quick ratio of 0.30, a current ratio of 1.28 and a leverage ratio of 0.04 . The company has a fifty-day simple moving average of $14.84 and a two-hundred-day simple moving average of $15.07. Motorcar Parts of America, Inc. has a fifty-two week minimum of $12.59 and a fifty-two week maximum of $21.10. The stock has a market capitalization of $271.46 million, a price-earnings ratio of 44.13 and a beta of 1.62.

Institutional Auto Parts Trade of America

Several institutional investors have recently changed their positions in the company. Rhumbline Advisers increased its position in Motorcar Parts of America shares by 1.4% during the fourth quarter. Rhumbline Advisers now owns 54,041 shares of the auto parts company valued at $922,000 after acquiring 720 additional shares last quarter. Bank of New York Mellon Corp increased its position in Motorcar Parts of America shares by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 202,094 shares of the auto parts company valued at $3,604,000 after acquiring 873 additional shares last quarter. Victory Capital Management Inc. increased its position in Motorcar Parts of America shares by 1.1% during the first quarter. Victory Capital Management Inc. now owns 92,972 shares of the auto parts company valued at $1,658,000 after acquiring 1,047 additional shares in the last quarter. The Tennessee State Treasury Department increased its position in Motorcar Parts of America shares by 17.9% during the first quarter. The Tennessee State Treasury Department now owns 7,235 shares of the auto parts company valued at $129,000 after acquiring 1,096 additional shares in the last quarter. Finally, Citigroup Inc. increased its position in Motorcar Parts of America shares by 10.9% in the 1st quarter. Citigroup Inc. now owns 16,015 shares of the auto parts company valued at $286,000 after acquiring 1,574 additional shares last quarter. 93.33% of the shares are currently held by institutional investors and hedge funds.

Changes to analyst ratings

Separately, StockNews.com upgraded shares of Motorcar Parts of America from a “hold” rating to a “buy” rating in a Thursday, Aug. 11 research report.

Motorcar Parts of America Company Profile

(Get a rating)

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes replacement parts for heavy-duty truck, industrial, marine, and agricultural applications. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; and brake-related products including brake calipers, brake boosters, brake rotors, brake pads and brake master cylinders.

Further reading

Insider buying and selling by quarter for Motorcar Parts of America (NASDAQ:MPAA)

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