U.S. Auto Parts Network, Inc. (PRTS) Shares Sold by Globeflex Capital L P

Globeflex Capital L P trimmed its position in U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) by 32.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,300 shares of the specialty retailer’s stock after selling 48,200 shares during the period. Globeflex Capital L P’s holdings in U.S. Auto Parts Network were worth $159,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PRTS. North Star Investment Management Corp. lifted its position in U.S. Auto Parts Network by 13.9% in the third quarter. North Star Investment Management Corp. now owns 1,733,335 shares of the specialty retailer’s stock worth $2,687,000 after purchasing an additional 211,000 shares during the period. B. Riley Financial Inc. acquired a new stake in U.S. Auto Parts Network in the second quarter worth approximately $273,000. Finally, Bard Associates Inc. acquired a new stake in U.S. Auto Parts Network in the second quarter worth approximately $225,000. Hedge funds and other institutional investors own 36.68% of the company’s stock.

PRTS has been the subject of a number of research analyst reports. Zacks Investment Research upgraded U.S. Auto Parts Network from a “sell” rating to a “hold” rating in a research report on Wednesday, August 1st. Barrington Research initiated coverage on U.S. Auto Parts Network in a research report on Thursday, September 13th. They issued an “outperform” rating and a $5.00 target price for the company. Finally, ValuEngine upgraded U.S. Auto Parts Network from a “hold” rating to a “buy” rating in a research report on Saturday, September 22nd.

PRTS opened at $1.11 on Friday. The company has a market capitalization of $39.53 million, a price-to-earnings ratio of 11.10 and a beta of 1.06. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.31 and a quick ratio of 0.29. U.S. Auto Parts Network, Inc. has a 1-year low of $0.99 and a 1-year high of $2.74.

U.S. Auto Parts Network (NASDAQ:PRTS) last announced its quarterly earnings data on Monday, October 29th. The specialty retailer reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. U.S. Auto Parts Network had a positive return on equity of 2.10% and a negative net margin of 1.16%. The company had revenue of $69.46 million during the quarter, compared to the consensus estimate of $71.59 million.

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About U.S. Auto Parts Network

U.S. Auto Parts Network, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories primarily in the United States and the Philippines. It offers collision parts, such as parts for the exterior of an automobile; mirror products; engine parts comprising engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories to individual consumers through its network of e-commerce Websites and online marketplaces.

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Institutional Ownership by Quarter for U.S. Auto Parts Network (NASDAQ:PRTS)

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