Jane Street Group LLC Takes Position in Pioneer Power Solutions, Inc. (NASDAQ:PPSI)

Jane Street Group LLC bought a new position in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,882 shares of the company’s stock, valued at approximately $51,000.

A number of other large investors have also made changes to their positions in PPSI. Stratos Wealth Advisors LLC increased its holdings 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 valued at $70,000 after acquiring an additional 2,500 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings 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 valued at $222,000 after acquiring an additional 8,401 shares in the last quarter. Finally, Evernest Financial Advisors LLC purchased a new position in Pioneer Power Solutions during the 3rd quarter valued at about $385,000. Hedge funds and other institutional investors own 10.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PPSI. HC Wainwright restated a “buy” rating and set a $12.00 target price on shares of Pioneer Power Solutions in a report on Thursday, October 31st. StockNews.com upgraded shares of Pioneer Power Solutions to a “sell” rating in a report on Saturday, November 2nd.

Pioneer Power Solutions Price Performance

PPSI opened at $4.02 on Thursday. The company’s 50 day simple moving average is $5.19 and its 200 day simple moving average is $4.99. 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, Inc. has a 1 year low of $3.35 and a 1 year high of $7.00. The stock has a market capitalization of $44.27 million, a PE ratio of -5.91 and a beta of 0.71.

Pioneer Power Solutions Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th were given 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 was Tuesday, December 17th.

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 through Electrical Infrastructure Equipment and Critical Power Solutions segments.