Fine Capital Partners buys $53,984,380 stake in Motorcar Parts of America (MPAA)

Motorcar Parts of America (MPAA) : Fine Capital Partners scooped up 409,747 additional shares in Motorcar Parts of America during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,812,773 shares of Motorcar Parts of America which is valued at $53,984,380.Motorcar Parts of America makes up approximately 5.94% of Fine Capital Partners’s portfolio.

Other Hedge Funds, Including , Credit Suisse Ag boosted its stake in MPAA in the latest quarter, The investment management firm added 10,906 additional shares and now holds a total of 81,016 shares of Motorcar Parts of America which is valued at $2,412,656.New York State Common Retirement Fund reduced its stake in MPAA by selling 6,606 shares or 23.76% in the most recent quarter. The Hedge Fund company now holds 21,200 shares of MPAA which is valued at $631,336.Dynamic Technology Lab Private Ltd boosted its stake in MPAA in the latest quarter, The investment management firm added 33,074 additional shares and now holds a total of 40,719 shares of Motorcar Parts of America which is valued at $1,212,612. Motorcar Parts of America makes up approx 0.31% of Dynamic Technology Lab Private Ltd’s portfolio.Los Angeles Capital Management Equity Research Inc reduced its stake in MPAA by selling 1,430 shares or 7.53% in the most recent quarter. The Hedge Fund company now holds 17,560 shares of MPAA which is valued at $529,434.

Motorcar Parts of America opened for trading at $28.45 and hit $28.985 on the upside on Thursday, eventually ending the session at $28.67, with a gain of 0.84% or 0.24 points. The heightened volatility saw the trading volume jump to 98,312 shares. Company has a market cap of $534 M.

On the company’s financial health, Motorcar Parts of America reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.40. The company had revenue of $85.41 million for the quarter, compared to analysts expectations of $85.22 million. The company’s revenue was down -.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.44 EPS.

Motorcar Parts of America Inc. (MPA) is a manufacturer remanufacturer and distributor of aftermarket automotive parts for import and domestic cars light trucks heavy duty agricultural and industrial applications. The Company sells its products in North America to auto parts retail and traditional warehouse chains and to automobile manufacturers for both their aftermarket programs and their warranty replacement programs (OES). The Company’s products include rotating electrical products such as alternators and starters; wheel hub assemblies and bearings and new brake master cylinders. Its products meet equipment manufacturer specifications. It carries over 10000 stock keeping units (SKUs) for automotive parts that are sold under its customers’ private label brand names and the Company’s Xtreme Reliance and other brand names. The Company sells its products to retail automotive chain stores including Advance AutoZone Genuine Parts (NAPA) O’Reilly and Pep Boys.

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