Form 4: Bison Capital Partners VI, L.P. Increases Stake in Motorcar Parts of America Inc. (MPAA)

Bison Capital Partners VI, L.P. has increased its holdings in Motorcar Parts of America Inc. (MPAA) through open market purchases.

Summary

• Bison Capital Partners VI, L.P. acquired 100,000 shares of Motorcar Parts of America Inc. (MPAA) common stock on June 13, 2024, at a weighted average price of $5.81 per share.
• The price range for these shares was $5.31 to $6.25.
• Following this transaction, Bison Capital Partners VI, L.P. directly owns 200,000 shares.
• On June 14, 2024, the entity acquired an additional 50,000 shares at a weighted average price of $5.86 per share, with prices ranging from $5.63 to $6.00.
• After this second transaction, Bison Capital Partners VI, L.P. directly owns 250,000 shares.
• Douglas Trussler, a representative of Bison Capital Partners, serves on the board of directors of Motorcar Parts of America Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive as a major shareholder is increasing their stake, suggesting confidence. However, it's a routine filing, so the impact is limited.

Positives

• Increased investment by Bison Capital Partners VI, L.P. may signal confidence in the future prospects of Motorcar Parts of America Inc.

Industry Context

This filing indicates investment activity by a significant shareholder in Motorcar Parts of America Inc., which operates in the automotive parts industry. Such transactions are closely watched by investors for signals about the company's prospects.

Stakeholder Impact

• The increased stake by Bison Capital Partners VI, L.P. could positively influence shareholder confidence.

Key Dates