Azarias Capital Discloses Significant Stake in Motorcar Parts of America
Ticker: MPAA · Form: SC 13G · Filed: Jan 26, 2024 · CIK: 918251
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, shareholder-disclosure, passive-investment
Related Tickers: MPAA
TL;DR
**Azarias Capital just revealed a big stake in Motorcar Parts of America, signaling institutional interest.**
AI Summary
Azarias Capital Management, L.P. reported on January 26, 2024, that as of December 31, 2023, they hold a significant stake in Motorcar Parts of America, Inc. (MPAA). This filing indicates that Azarias Capital Management, L.P. is a substantial shareholder, which could signal their confidence in the company's future. For current or prospective investors, this matters because a large institutional investor taking a position can sometimes be seen as a vote of confidence, potentially influencing stock price or future strategic decisions.
Why It Matters
A major investment firm, Azarias Capital Management, L.P., has publicly disclosed its ownership in Motorcar Parts of America, Inc., signaling potential institutional confidence in the company.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of ownership and does not inherently present new risks to investors.
Analyst Insight
Investors should note Azarias Capital Management, L.P.'s position as a significant shareholder and consider researching their investment thesis for Motorcar Parts of America, Inc. to understand potential long-term implications.
Key Players & Entities
- Azarias Capital Management, L.P. (company) — the reporting person disclosing ownership
- Motorcar Parts of America, Inc. (company) — the subject company in which shares are held
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G
FAQ
Who filed this SC 13G statement?
The SC 13G statement was filed by Azarias Capital Management, L.P., as indicated by the 'FILED BY' section and 'NAME OF REPORTING PERSON' on the cover page.
What company is the subject of this filing?
The subject company of this filing is Motorcar Parts of America, Inc., as stated under 'SUBJECT COMPANY' and 'Name of Issuer' on the Schedule 13G.
What was the 'Date of Event which Requires Filing of this Statement'?
The 'Date of Event which Requires Filing of this Statement' was December 31, 2023, as explicitly stated on the Schedule 13G cover page.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Motorcar Parts of America, Inc. is 620071100, as listed on the Schedule 13G cover page.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the 'Check the appropriate box to designate the rule pursuant to which this Schedule is filed' section.
Filing Stats: 914 words · 4 min read · ~3 pages · Grade level 8 · Accepted 2024-01-26 10:46:52
Filing Documents
- mpaa_12324.htm (SC 13G) — 25KB
- 0001085146-24-000515.txt ( ) — 27KB
(a)
ITEM 1(a). NAME OF ISSUER: Motorcar Parts of America, Inc.
(b)
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 2929 California St. Torrance, CA 90503
(a)
ITEM 2(a). NAME OF PERSON FILING: Azarias Capital Management L.P.
(b)
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 1055 Westlakes Dr. Berwyn, PA 19312
(c)
ITEM 2(c). CITIZENSHIP: DE
(d)
ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock
(e)
ITEM 2(e). CUSIP NUMBER: 620071100 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-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. 78c); (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 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations 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) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: 1,211,910 (b) Percent of class: 6.18% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: 1,211,910 (ii) shared power to vote or to direct the vote: (iii) sole power to dispose or direct the disposition of: (iv) shared power to dispose or to direct the disposition of: 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 followi