Invesco Amends Motorcar Parts of America Stake on Dec 29
Ticker: MPAA · Form: SC 13G/A · Filed: Feb 1, 2024 · CIK: 918251
| Field | Detail |
|---|---|
| Company | Motorcar Parts Of America INC (MPAA) |
| Form Type | SC 13G/A |
| Filed Date | Feb 1, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**Invesco updated its stake in Motorcar Parts of America, signaling a potential shift in institutional confidence.**
AI Summary
Invesco Ltd. filed an amended SC 13G/A on February 1, 2024, indicating a change in their beneficial ownership of Motorcar Parts of America Inc. common stock as of December 29, 2023. This filing, an amendment (No. 1), suggests Invesco has adjusted its stake in the company. For investors, this matters because Invesco is a significant institutional investor, and changes in their holdings can signal their updated outlook on Motorcar Parts of America Inc.'s future performance or valuation.
Why It Matters
Changes in major institutional holdings like Invesco's can influence investor sentiment and potentially impact the stock price of Motorcar Parts of America Inc.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of an institutional investor's holdings and does not inherently indicate high risk.
Analyst Insight
An investor should monitor subsequent filings from Invesco Ltd. to understand the magnitude and direction of their ownership changes in Motorcar Parts of America Inc. and consider if this aligns with their own investment thesis.
Key Players & Entities
- Invesco Ltd. (company) — the institutional investor filing the SC 13G/A
- Motorcar Parts of America Inc. (company) — the subject company whose shares are being reported
- December 29, 2023 (date) — the date of the event requiring the filing
- February 1, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and '(Amendment No. 1)' in the filing.
Who is the reporting person in this filing?
The reporting person, or the entity that filed this statement, is Invesco Ltd., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Invesco Ltd.'
What is the subject company whose shares are being reported?
The subject company is Motorcar Parts of America Inc., as identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MOTORCAR PARTS OF AMERICA INC'.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 29, 2023, as explicitly stated in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the checked box '[X] Rule 13d-1(b)' in the document.
Filing Stats: 984 words · 4 min read · ~3 pages · Grade level 7.7 · Accepted 2024-02-01 16:27:53
Filing Documents
- SEC13G_Filing.htm (SC 13G/A) — 16KB
- 0000914208-24-000079.txt ( ) — 18KB
From the Filing
SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 ) * Motorcar Parts of America Inc (Name of Issuer) Common Stock (Title of Class of Securities) 620071100 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 620071100 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Invesco Ltd. 98-0557567 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Bermuda NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 44,083 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 44,083 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 44,083 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.2% 12. TYPE OF REPORTING PERSON HC, IA Item 1. (a) Name of Issuer Motorcar Parts of America Inc (b) Address of Issuer's Principal Executive Offices 2929 California Street, Torrance, CA 90503 Item 2. (a) Name of Person Filing Invesco Ltd. ("Invesco Ltd.") (b) Address of Principal Business Office or, if None, Residence 1331 Spring Street NW, Suite 2500, Atlanta, GA 30309 (c) Citizenship Bermuda (d) Title of Class of Securities Common Stock (e) CUSIP Number 620071100 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: Invesco Ltd. , in its capacity as a parent holding company to its investment advisers, may be deemed to beneficially own 44,083 shares of the Issuer which are held of record by clients of Invesco Ltd. . (b) Percent of Class: 0.2% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 44,083 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 44,083 (iv) shared power to dispose or to direct the disposition of 0 Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [ X ] Item 6. However, no one individual has greater than 5% economic ownership. The shareholders of the Fund have the right to receive or the power to direct the receipt of dividends and proceeds from the sale of securities listed above. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Invesco Capital Management LLC Item 8. Identification and Classification of Members of the Group. Not Applicable. This schedule is not being filed pursuant to Rule 13d-1(b)(1)(ii)(J) or Rule 13d-1(