SCHEDULE 13G: Donald Smith & Co. Discloses 5.14% Stake in Motorcar Parts of America

Investment advisor Donald Smith & Co., Inc., along with DSCO Value Fund, L.P. and John Piermont, has reported a collective beneficial ownership of 5.14% in Motorcar Parts of America Inc. as of December 31, 2024.

Summary

• Donald Smith & Co., Inc., DSCO Value Fund, L.P., and John Piermont have jointly filed a Schedule 13G, indicating their beneficial ownership in Motorcar Parts of America Inc.
• As of December 31, 2024, the aggregate amount beneficially owned by this group is 1,020,408 shares of Common Stock.
• This ownership represents 5.14% of the total outstanding Common Stock of Motorcar Parts of America Inc.
• Donald Smith & Co., Inc. holds sole voting power over 942,537 shares and sole dispositive power over 1,010,987 shares.
• DSCO Value Fund, L.P. holds sole voting power over 8,921 shares and sole dispositive power over 8,921 shares.
• John Piermont holds sole voting power over 500 shares and sole dispositive power over 500 shares.
• The group collectively holds shared voting power over 951,958 shares and shared dispositive power over 1,020,408 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 6

Explanation: The filing of a Schedule 13G indicating a new or increased passive stake by an institutional investor like Donald Smith & Co., Inc. is generally viewed as a moderately positive signal, suggesting confidence in the company's value without implying activist intent.

Positives

• Increased institutional ownership by a recognized investment advisor (Donald Smith & Co., Inc.) may signal confidence in Motorcar Parts of America Inc.'s long-term prospects.
• The filing indicates that the shares were acquired in the ordinary course of business, suggesting a passive investment rather than an activist stance.

Future Outlook

NA

Management Comments

• "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, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

This filing reflects an investment decision by a specific fund and investment advisor within the automotive parts industry. It does not provide broader industry trends but indicates continued institutional interest in companies within this sector.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake may enhance investor confidence and potentially contribute to share price stability or appreciation, as it signals a vote of confidence from a professional investment firm.

Key Dates

Keywords

Motorcar Parts of America Inc., Donald Smith & Co. Inc., DSCO Value Fund, John Piermont, Beneficial Ownership, Schedule 13G, SEC Filing, Institutional Ownership, Common Stock, Investment Advisor