U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) major shareholder David Kanen bought 15,805 shares of U.S. Auto Parts Network stock in a transaction dated Monday, December 3rd. The stock was acquired at an average cost of $1.24 per share, for a total transaction of $19,598.20. Following the purchase, the insider now directly owns 173,513 shares in the company, valued at approximately $215,156.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

David Kanen also recently made the following trade(s):

  • On Thursday, November 29th, David Kanen bought 388,804 shares of U.S. Auto Parts Network stock. The stock was acquired at an average cost of $1.11 per share, for a total transaction of $431,572.44.
  • On Thursday, December 6th, David Kanen bought 1,576,228 shares of U.S. Auto Parts Network stock. The stock was acquired at an average cost of $1.21 per share, for a total transaction of $1,907,235.88.

Shares of NASDAQ:PRTS traded up $0.03 during mid-day trading on Friday, reaching $1.26. The stock had a trading volume of 150,075 shares, compared to its average volume of 217,342. The company has a market capitalization of $43.03 million, a price-to-earnings ratio of 12.60 and a beta of 0.86. 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 twelve month low of $0.99 and a twelve month high of $2.74.

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

Several brokerages have recently issued reports on PRTS. Zacks Investment Research raised shares of U.S. Auto Parts Network from a “hold” rating to a “strong-buy” rating and set a $1.25 target price on the stock in a research note on Wednesday, November 14th. Barrington Research reaffirmed a “buy” rating on shares of U.S. Auto Parts Network in a research note on Friday, November 30th. Finally, ValuEngine lowered shares of U.S. Auto Parts Network from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd.

Several large investors have recently made changes to their positions in the stock. North Star Investment Management Corp. raised its position in shares of U.S. Auto Parts Network by 13.9% in the 3rd quarter. North Star Investment Management Corp. now owns 1,733,335 shares of the specialty retailer’s stock valued at $2,687,000 after acquiring an additional 211,000 shares during the period. B. Riley Financial Inc. acquired a new stake in shares of U.S. Auto Parts Network in the 2nd quarter valued at approximately $273,000. Finally, Bard Associates Inc. acquired a new stake in shares of U.S. Auto Parts Network in the 2nd quarter valued at approximately $225,000. Institutional investors and hedge funds own 35.69% of the company’s stock.

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U.S. Auto Parts Network Company Profile

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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