Geode Capital Management LLC Grows Position in Pioneer Power Solutions, Inc. (NASDAQ:PPSI)

Geode Capital Management LLC boosted its stake in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) by 13.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 97,745 shares of the company’s stock after buying an additional 11,258 shares during the period. Geode Capital Management LLC owned approximately 0.90% of Pioneer Power Solutions worth $459,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Stratos Wealth Advisors LLC increased its position in shares of Pioneer Power Solutions by 20.0% during the third 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 during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of 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 purchasing an additional 8,401 shares during the period. Jane Street Group LLC acquired a new stake in Pioneer Power Solutions in the 3rd quarter valued at approximately $51,000. XTX Topco Ltd purchased a new stake in Pioneer Power Solutions in the third quarter valued at approximately $77,000. Finally, Evernest Financial Advisors LLC acquired a new position in Pioneer Power Solutions during the third quarter worth $385,000. Institutional investors and hedge funds own 10.92% of the company’s stock.

Pioneer Power Solutions Price Performance

Pioneer Power Solutions stock opened at $4.05 on Monday. The company has a quick ratio of 0.69, a current ratio of 1.41 and a debt-to-equity ratio of 0.01. Pioneer Power Solutions, Inc. has a 52-week low of $3.35 and a 52-week high of $7.00. The firm has a market cap of $44.60 million, a PE ratio of -5.96 and a beta of 0.71. The company’s 50 day moving average is $5.31 and its two-hundred day moving average is $4.99.

Pioneer Power Solutions Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th were issued a $1.50 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This is a positive change from Pioneer Power Solutions’s previous dividend of $0.12.

Analyst Upgrades and Downgrades

PPSI has been the subject of a number of research reports. HC Wainwright reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Pioneer Power Solutions in a research note on Thursday, October 31st. StockNews.com raised Pioneer Power Solutions to a “sell” rating in a research 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.