Summit Creek Advisors buys $22,440,115 stake in Motorcar Parts of America (MPAA)

Motorcar Parts of America (MPAA) : Summit Creek Advisors scooped up 40,523 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 Apr 20, 2016. The investment management firm now holds a total of 628,927 shares of Motorcar Parts of America which is valued at $22,440,115.Motorcar Parts of America makes up approximately 3.46% of Summit Creek Advisors’s portfolio.

Motorcar Parts of America closed down -0.08 points or -0.22% at $35.68 with 1,38,270 shares getting traded on Friday. Post opening the session at $35.61, the shares hit an intraday low of $35.32 and an intraday high of $35.94 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Magee Thomson Investment Partners added MPAA to its portfolio by purchasing 101 company shares during the most recent quarter which is valued at $3,604.Kirr Marbach Co In reduced its stake in MPAA by selling 1,435 shares or 0.69% in the most recent quarter. The Hedge Fund company now holds 207,760 shares of MPAA which is valued at $7,412,877. Motorcar Parts of America makes up approx 1.49% of Kirr Marbach Co In’s portfolio. Capstone Asset Management Co added MPAA to its portfolio by purchasing 5,280 company shares during the most recent quarter which is valued at $188,074. Motorcar Parts of America makes up approx 0.01% of Capstone Asset Management Co’s portfolio.

On the company’s financial health, Motorcar Parts of America reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $0.51. The company had revenue of $94.00 million for the quarter, compared to analysts expectations of $92.01 million. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on Motorcar Parts of America. Motorcar Parts of America was Initiated by CL King to “Buy” on Mar 14, 2016.

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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