SEC Form SC 13G filed by Motorcar Parts of America Inc.

10/25/24 3:22:18 PM ET

Auto Parts:O.E.M.

Consumer Discretionary

Get the next $MPAA alert in real time by email

SC 13G 1 motorcarparts3Q2024.txt 13-G FILING 3Q 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ___________)* Motorcar Parts of America Inc. (Name of Issuer) Common (Title of Class of Securities) 620071100 (CUSIP Number) September 30, 2024 (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 ("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 Nos. of above persons (entities only). Donald Smith & Co., Inc. 13-2807845 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) [X] 3. SEC Use Only ......................................................... 4. Citizenship or Place of Organization A Delaware Corporation Number of 5. Sole Voting Power 962,437 shares Shares Beneficially 6. Shared Voting Power 0 Owned by Each Reporting 7. Sole Dispositive Power 1,030,887 shares Person With 8. Shared Dispositive Power 0 9.Aggregate Amount Beneficially Owned by Each Reporting Person 1,040,545 shares 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 5.27% 12. Type of Reporting Person (See Instructions) IA 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). DSCO Value Fund, L.P. 27-1481102 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) [X] 3. SEC Use Only ......................................................... 4. Citizenship or Place of Organization A Delaware Corporation Number of 5. Sole Voting Power 9,158 shares Shares Beneficially 6. Shared Voting Power 0 Owned by Each Reporting 7. Sole Dispositive Power 9,158 shares Person With 8. Shared Dispositive Power 0 9.Aggregate Amount Beneficially Owned by Each Reporting Person 1,040,545 shares 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 5.27% 12. Type of Reporting Person (See Instructions) PN 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). John Piermont 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) [X] 3. SEC Use Only ......................................................... 4. Citizenship or Place of Organization A Delaware Corporation Number of 5. Sole Voting Power 500 shares Shares Beneficially 6. Shared Voting Power 0 Owned by Each Reporting 7. Sole Dispositive Power 500 shares Person With 8. Shared Dispositive Power 0 9.Aggregate Amount Beneficially Owned by Each Reporting Person 1,040,545 shares 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 5.27% 12. Type of Reporting Person (See Instructions) IN 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: Donald Smith & Co.,Inc. (b) Address of Principal Business Office: 152 West 57th Street New York, NY 10019 (c) Citizenship: A Delaware Corporation (d) Title of Class of Securities: Common (e) CUSIP Number: 620071100 Item 3. This statement is filed pursuant to Section 240.13d-1(b), and the person filing is an investment advisor registered in accordance with Section 240.13d-1(b)(1)(ii)(E); Item 4. Ownership. 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: 1,040,545 (b) Percent of class: 5.27% (c) Number of shares as to which the person has: (i) SOLE POWER TO VOTE: Donald Smith & Co., Inc. 962,437 DSCO Value Fund, L.P. 9,158 John Piermont 500 (ii) SHARED POWER TO VOTE: SEE ITEM 6 (iii) SOLE POWER TO DISPOSE: Donald Smith & Co., Inc. 1,030,887 DSCO Value Fund, L.P. 9,158 John Piermont 500 Item 5. Ownership of Five Percent or Less is NOT APPLICABLE Item 6. Ownership of More than Five Percent on Behalf of Another Person: 1. Donald Smith & Co., Inc. does not serve as custodian of the assets of any of its clients; accordingly, in each instance only the client or the client?s custodian or trustee bank has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. The ultimate power to direct the receipt of dividends paid with respect to, and the proceeds from the sale of, such securities, is vested in the institutional clients which Donald Smith & Co., Inc. serves as investment advisor. Any and all discretionary authority which has been delegated to Donald Smith & Co., Inc. may be revoked in whole or in part at any time. To the knowledge of Donald Smith & Co., Inc., with respect to all securities reported in this schedule owned by advisory clients of Donald Smith & Co., Inc., not more than 5% of the class of such securities is owned by any one client. 2. With respect to the remaining securities owned, various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock of Motorcar Parts of America Inc. No one person?s interest in the Common Stock of Motorcar Parts of America Inc. is more than five percent of the total outstanding Common Stock. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company NOT APPLICABLE Item 8. Identification and Classification of Members of the Group See EXHIBIT A Item 9. Notice of Dissolution of Group NOT APPLICABLE Item 10. Certification (a) By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. October 22, 2024 Date Richard L. Greenberg___________ Signature CEO & Co-CIO_________________ Title SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b) RULE 13d-1(f)(1) EXHIBIT A: Donald Smith & Co., Inc. IA DSCO Value Fund, L.P. PN John Piermont IN SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b) RULE 13d-1(f)(1) AGREEMENT The undersigned persons, on October 22, 2024, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the Common Stock of Motorcar Parts of America Inc. at September 30, 2024. Donald Smith & Co., Inc. By /s/ Richard L. Greenberg Richard L. Greenberg CEO & Co-CIO Duly authorized by and on behalf of Donald Smith & Co., Inc. DSCO Value Fund, L.P. By /s/ Richard L. Greenberg Richard L. Greenberg CEO & Co-CIO Duly authorized by and on behalf of DSCO Value Fund, L.P John Piermont By /s/ Richard L. Greenberg Richard L. Greenberg CEO & Co-CIO Duly authorized by and on behalf of John Piermont

Get the next $MPAA alert in real time by email

Date

Price Target

Rating

Analyst

12/20/2024

$14.00

Overweight

Cantor Fitzgerald

SEC Form SC 13G filed by Motorcar Parts of America Inc.

Chat with this insight

Recent Analyst Ratings for $MPAA

$MPAA Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

CFO Lee David Sung covered exercise/tax liability with 9,744 shares and converted options into 17,422 shares, increasing direct ownership by 19% to 48,120 units (SEC Form 4)

President, CEO & Chairman Selwyn Joffe converted options into 46,651 shares and covered exercise/tax liability with 18,560 shares, increasing direct ownership by 6% to 487,946 units (SEC Form 4)

Chief Manufacturing Officer Schooner Douglas Earl converted options into 6,775 shares and covered exercise/tax liability with 2,784 shares, increasing direct ownership by 18% to 25,726 units (SEC Form 4)

$MPAA Press Releases

Fastest customizable press release news feed in the world

Motorcar Parts of America Adopts 10b5-1 Share Repurchase Plan

Motorcar Parts of America Expands Its Rotating Electrical And Brake-Related Product Coverage

Motorcar Parts of America Reports Record Fiscal Third Quarter Results

$MPAA Leadership Updates

Live Leadership Updates

Motorcar Parts of America's Brake-Related Program Continues to Gain Traction; Appoints Industry Veteran to Brakes Team

Motorcar Parts of America Announces Appointment of Veteran International Executive to Board

Motorcar Parts of America Announces Appointment of Former Ford Executive to Board

$MPAA Insider purchases explained

Analytical look into recent insider purchases

Stock Movement: Insider Purchase at Motorcar Parts of America Inc. on Jun 17

Stock Movement: Insider Purchase at Motorcar Parts of America Inc. on Jun 18

$MPAA Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Ferguson Joseph Edwin bought $8,496 worth of shares (1,200 units at $7.08), increasing direct ownership by 3% to 45,608 units (SEC Form 4)

Director Bryan David bought $13,668 worth of shares (2,000 units at $6.83), increasing direct ownership by 4% to 54,354 units (SEC Form 4)

Director Gay Philip bought $35,100 worth of shares (5,000 units at $7.02) (SEC Form 4)

$MPAA SEC Filings

SEC Form SCHEDULE 13G filed by Motorcar Parts of America Inc.

SEC Form SCHEDULE 13G filed by Motorcar Parts of America Inc.

SEC Form SCHEDULE 13G filed by Motorcar Parts of America Inc.

$MPAA Financials

Live finance-specific insights

Motorcar Parts of America Reports Record Fiscal Third Quarter Results

Motorcar Parts of America to Report Fiscal 2025 Third Quarter Results; Host Conference Call

Motorcar Parts of America Reports Fiscal Second Quarter Results

$MPAA Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Cantor Fitzgerald initiated coverage on Motorcar Parts of America with a new price target

Roth Capital reiterated coverage on Motorcar Parts of America with a new price target

B. Riley reiterated coverage on Motorcar Parts of America with a new price target

$MPAA Large Ownership Changes

This live feed shows all institutional transactions in real time.

SEC Form SC 13G filed by Motorcar Parts of America Inc.

SEC Form SC 13G filed by Motorcar Parts of America Inc.

Amendment: SEC Form SC 13D/A filed by Motorcar Parts of America Inc.

Recent Analyst Ratings for
$MPAA

$MPAA
Insider Trading

$MPAA
Press Releases

$MPAA
Leadership Updates

$MPAA
Insider purchases explained

$MPAA
Insider Purchases

$MPAA
SEC Filings

$MPAA
Financials

$MPAA
Analyst Ratings

$MPAA
Large Ownership Changes