Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Shares Sold by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. reduced its position in shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI) by 18.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,800 shares of the company’s stock after selling 2,900 shares during the period. Thompson Davis & CO. Inc.’s holdings in Pioneer Power Solutions were worth $60,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Evernest Financial Advisors LLC bought a new stake in Pioneer Power Solutions during the third quarter valued at $385,000. Dimensional Fund Advisors LP lifted 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 worth $222,000 after buying an additional 8,401 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Pioneer Power Solutions in the 1st quarter valued at about $91,000. Finally, Stratos Wealth Advisors LLC grew its position in shares of Pioneer Power Solutions by 20.0% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 15,000 shares of the company’s stock valued at $70,000 after buying an additional 2,500 shares during the last quarter. 10.92% of the stock is currently owned by institutional investors.

Pioneer Power Solutions Stock Up 1.3 %

Pioneer Power Solutions stock opened at $6.45 on Wednesday. The firm has a market capitalization of $71.01 million, a P/E ratio of -9.49 and a beta of 0.65. The company has a 50-day simple moving average of $5.53 and a 200-day simple moving average of $4.67. Pioneer Power Solutions, Inc. has a one year low of $3.35 and a one year high of $7.30. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.69 and a current ratio of 1.41.

Pioneer Power Solutions (NASDAQ:PPSI) last posted its 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 during the quarter. As a group, equities 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. Investors of record on Tuesday, December 17th will be given a $1.50 dividend. This is a boost from Pioneer Power Solutions’s previous dividend of $0.12. The ex-dividend date is Tuesday, December 17th.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PPSI shares. HC Wainwright reissued a “buy” rating and issued a $12.00 target price on shares of Pioneer Power Solutions in a report on Thursday, October 31st. StockNews.com raised Pioneer Power Solutions to a “sell” rating in a report on Saturday, November 2nd.

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.