16,174 Shares in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd acquired a new stake in shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,174 shares of the company’s stock, valued at approximately $109,000.

Other large investors have also bought and sold shares of the company. Spectrum Investment Advisors Inc. purchased a new position in shares of Pioneer Power Solutions during the 4th quarter valued at $774,000. Thompson Davis & CO. Inc. purchased a new stake in Pioneer Power Solutions during the fourth quarter valued at about $221,000. FNY Investment Advisers LLC bought a new position in Pioneer Power Solutions during the fourth quarter worth about $70,000. Finally, Acadian Asset Management LLC increased its stake in shares of Pioneer Power Solutions by 201.1% in the third quarter. Acadian Asset Management LLC now owns 22,732 shares of the company’s stock worth $141,000 after purchasing an additional 15,183 shares in the last quarter. 10.92% of the stock is owned by hedge funds and other institutional investors.

Pioneer Power Solutions Price Performance

PPSI stock opened at $3.97 on Friday. The firm has a 50 day moving average of $3.90 and a 200-day moving average of $4.77. The company has a current ratio of 1.82, a quick ratio of 1.33 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $39.42 million, a P/E ratio of 22.06 and a beta of 0.64. Pioneer Power Solutions, Inc. has a 12 month low of $3.35 and a 12 month high of $9.84.

Analysts Set New Price Targets

A number of analysts recently commented on PPSI shares. HC Wainwright restated a “buy” rating and set a $12.00 price target on shares of Pioneer Power Solutions in a research note on Tuesday, April 2nd. Lake Street Capital cut their price target on Pioneer Power Solutions from $12.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, April 2nd.

Pioneer Power Solutions Company Profile

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 in two segments, Transmission & Distribution Solutions and Critical Power Solutions.