XTX Topco Ltd Acquires New Position in Pioneer Power Solutions, Inc. (NASDAQ:PPSI)

XTX Topco Ltd bought a new position in shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 16,468 shares of the company’s stock, valued at approximately $77,000. XTX Topco Ltd owned 0.15% of Pioneer Power Solutions at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Evernest Financial Advisors LLC acquired a new stake in shares of Pioneer Power Solutions during the 3rd quarter worth approximately $385,000. Dimensional Fund Advisors LP increased its stake in Pioneer Power Solutions by 17.7% during the second quarter. Dimensional Fund Advisors LP now owns 55,805 shares of the company’s stock worth $222,000 after acquiring an additional 8,401 shares during the last quarter. Stratos Wealth Advisors LLC raised its position in Pioneer Power Solutions by 20.0% in the third quarter. Stratos Wealth Advisors LLC now owns 15,000 shares of the company’s stock valued at $70,000 after purchasing an additional 2,500 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of Pioneer Power Solutions during the 3rd quarter worth $51,000. 10.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on PPSI. StockNews.com upgraded shares of Pioneer Power Solutions to a “sell” rating in a report on Saturday, November 2nd. HC Wainwright restated a “buy” rating and issued a $12.00 price objective on shares of Pioneer Power Solutions in a report on Thursday, October 31st.

Pioneer Power Solutions Trading Down 1.5 %

Shares of NASDAQ PPSI opened at $4.03 on Friday. 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 stock 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 twelve month low of $3.35 and a twelve month high of $7.30. The stock has a fifty day simple moving average of $5.92 and a 200-day simple moving average of $4.97.

Pioneer Power Solutions (NASDAQ:PPSI) last released its earnings results on Tuesday, October 8th. The company reported ($0.21) earnings per share 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%. On average, equities analysts forecast 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. Shareholders of record on Tuesday, December 17th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This is a positive change from Pioneer Power Solutions’s previous dividend of $0.12.

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.