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EdgarHawk

Ferguson Joseph Edwin

Director

Director
2 filings analyzed · 1 company · Latest 2024-12-02

Companies

Company Buys Sells Direction
MOTORCAR PARTS OF AMERICA INC MPAA 2 0 Net buying

Activity

December 2024
high
Buy
1,200 shares
$8,496
Significance 7/10

Director Ferguson Joseph Edwin buys 1,200 shares of MPAA at $7.08; stock up 47.7% in 30 days, cluster of 4 insiders buying within 14 days despite negative net income.

Ferguson Joseph Edwin, a director, purchased 1,200 shares at $7.08 on 2024-11-29, increasing his holdings to 45,608 shares. This transaction occurs within a cluster context: 3 other insiders also bought within the past 14 days, suggesting coordinated confidence or a response to a specific catalyst. The stock has surged +47.7% over the past 30 days, though it remains -24.3% from its 52-week high of $10.18. Notably, Ferguson's prior buys at MPAA showed strong 90-day performance (returns of +31.1%, +10.8%, +9.0%, and +8.8%), with all 3 prior trades being well-timed. However, this positive timing history is offset by the company's current financial strain: the most recent quarter generated $208.2M in revenue but a net loss of $3.0M, and the company was unprofitable over its most recent full fiscal year. The cluster buying pattern in a fundamentally challenged environment warrants attention to whether insiders are responding to specific operational improvements or reversals not yet reflected in latest earnings data.

June 2024
high
Buy
2,495 shares
$12,350
Significance 6/10

Director Ferguson buys 2,495 shares of MPAA at $4.95; 6 insiders bought within 14 days amid -40.2% drawdown from 52-week high.

Ferguson Joseph Edwin, a Director, purchased 2,495 shares at $4.95 on 2024-06-13, increasing his holdings from 29,335 to 31,830 shares (+8.5%). This purchase occurs as the stock trades -40.2% from its 52-week high of $10.18, though the 30-day momentum is positive at +23.0%. Notably, a cluster of 5 other insiders also bought within the past 14 days, suggesting coordinated confidence at depressed valuations. His prior trades at MPAA (two purchases in August 2023) both generated positive 90-day returns of +9.0% and +8.8%, establishing a pattern of well-timed entry points at this ticker. However, the company reported a net loss of $-47.2M on $171.9M revenue in the latest quarter and was unprofitable over its full fiscal year, a fundamental backdrop that contextualizes why multiple insiders are accumulating despite poor recent performance.

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