Virtu Financial LLC Purchases New Stake in Pioneer Power Solutions, Inc. (NASDAQ:PPSI)

Virtu Financial LLC acquired a new position in shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,549 shares of the company’s stock, valued at approximately $49,000. Virtu Financial LLC owned about 0.10% of Pioneer Power Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in PPSI. Jane Street Group LLC purchased a new position in shares of Pioneer Power Solutions during the 3rd quarter worth $51,000. Stratos Wealth Advisors LLC raised its stake in Pioneer Power Solutions by 20.0% during the third quarter. Stratos Wealth Advisors LLC now owns 15,000 shares of the company’s stock worth $70,000 after purchasing an additional 2,500 shares during the period. XTX Topco Ltd acquired a new position in Pioneer Power Solutions in the 3rd quarter valued at about $77,000. Dimensional Fund Advisors LP grew its stake in shares of Pioneer Power Solutions by 17.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 55,805 shares of the company’s stock valued at $222,000 after buying an additional 8,401 shares during the period. Finally, Evernest Financial Advisors LLC acquired a new stake in shares of Pioneer Power Solutions during the 3rd quarter worth approximately $385,000. 10.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PPSI has been the subject of several analyst reports. HC Wainwright reiterated a “buy” rating and issued a $12.00 price objective on shares of Pioneer Power Solutions in a research report on Thursday, October 31st. StockNews.com upgraded Pioneer Power Solutions to a “sell” rating in a report on Saturday, November 2nd.

Pioneer Power Solutions Stock Performance

Shares of PPSI stock opened at $4.03 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.69 and a current ratio of 1.41. The firm has a market cap of $44.38 million, a P/E ratio of -5.93 and a beta of 0.68. The firm’s 50 day moving average price is $5.92 and its 200-day moving average price is $4.96. Pioneer Power Solutions, Inc. has a one year low of $3.35 and a one year high of $7.30.

Pioneer Power Solutions (NASDAQ:PPSI) last released its quarterly earnings results on Tuesday, October 8th. The company reported ($0.21) EPS for the quarter. Pioneer Power Solutions had a negative return on equity of 45.67% and a negative net margin of 20.91%. The firm had revenue of $6.34 million for the quarter. As a group, equities research analysts predict that Pioneer Power Solutions, Inc. will post 0.32 EPS for the current year.

Pioneer Power Solutions Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th will be issued a dividend of $1.50 per share. This is a boost from Pioneer Power Solutions’s previous dividend of $0.12. The ex-dividend date of this dividend is Tuesday, December 17th.

About Pioneer Power Solutions

Pioneer Power Solutions, Inc, together with its subsidiaries, design, manufacture, integrate, refurbish, distribute, sell, and service electric power systems, distributed energy resources, power generation equipment, and mobile EV charging solutions. The company operates through Electrical Infrastructure Equipment and Critical Power Solutions segments.