GSA Capital Partners LLP Has $500,000 Stock Position in Pioneer Power Solutions, Inc. (NASDAQ:PPSI)

GSA Capital Partners LLP decreased its stake in shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI) by 27.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,617 shares of the company’s stock after selling 40,976 shares during the period. GSA Capital Partners LLP owned 0.98% of Pioneer Power Solutions worth $500,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Evernest Financial Advisors LLC acquired a new position in Pioneer Power Solutions during the 3rd quarter worth about $385,000. Stratos Wealth Advisors LLC lifted its position in Pioneer Power Solutions by 20.0% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 15,000 shares of the company’s stock worth $70,000 after buying an additional 2,500 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Pioneer Power Solutions by 17.7% during 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 in the last quarter. Finally, Virtu Financial LLC acquired a new position in Pioneer Power Solutions during the 1st quarter worth about $91,000. Institutional investors and hedge funds own 10.92% of the company’s stock.

Pioneer Power Solutions Stock Performance

Shares of NASDAQ:PPSI opened at $6.45 on Wednesday. The stock has a market capitalization of $71.01 million, a P/E ratio of -9.43 and a beta of 0.65. Pioneer Power Solutions, Inc. has a 1-year low of $3.35 and a 1-year high of $7.30. The company has a current ratio of 1.41, a quick ratio of 0.69 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $5.53 and a two-hundred day moving average price of $4.67.

Pioneer Power Solutions (NASDAQ:PPSI) last announced its quarterly earnings results on Tuesday, October 8th. The company reported ($0.21) EPS for the quarter. The company 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%. Equities analysts predict that Pioneer Power Solutions, Inc. will post 0.32 earnings per share for the current year.

Pioneer Power Solutions Increases Dividend

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

Analyst Ratings Changes

PPSI has been the subject of several recent research reports. 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. StockNews.com raised Pioneer Power Solutions to a “sell” rating in a report on Saturday, November 2nd.

Pioneer Power Solutions 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 through Electrical Infrastructure Equipment and Critical Power Solutions segments.