Virtu Financial LLC Takes $49,000 Position in Pioneer Power Solutions, Inc. (NASDAQ:PPSI)

Virtu Financial LLC bought a new position in shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI) during the third quarter, Holdings Channel.com reports. The fund bought 10,549 shares of the company’s stock, valued at approximately $49,000.

Several other hedge funds have also recently added to or reduced their stakes in PPSI. Dimensional Fund Advisors LP increased its position 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 purchasing an additional 8,401 shares during the last quarter. Stratos Wealth Advisors LLC grew its stake in shares of 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 in the last quarter. Evernest Financial Advisors LLC purchased a new position in Pioneer Power Solutions in the third quarter valued at $385,000. Jane Street Group LLC acquired a new stake in Pioneer Power Solutions in the third quarter valued at $51,000. Finally, XTX Topco Ltd purchased a new stake in Pioneer Power Solutions during the 3rd quarter worth about $77,000. Institutional investors and hedge funds own 10.92% of the company’s stock.

Pioneer Power Solutions Stock Performance

NASDAQ PPSI opened at $4.03 on Friday. The company has a fifty day moving average of $5.92 and a two-hundred day moving average of $4.96. The company has a market capitalization of $44.38 million, a PE ratio of -5.93 and a beta of 0.68. Pioneer Power Solutions, Inc. has a 1 year low of $3.35 and a 1 year high of $7.30. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.41 and a quick ratio of 0.69.

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

Pioneer Power Solutions Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 17th will be given a dividend of $1.50 per share. The ex-dividend date is Tuesday, December 17th. This is a positive change from Pioneer Power Solutions’s previous dividend of $0.12.

Wall Street Analysts Forecast Growth

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

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.