Jane Street Group LLC Acquires Shares of 10,882 Pioneer Power Solutions, Inc. (NASDAQ:PPSI)

Jane Street Group LLC acquired a new stake in shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 10,882 shares of the company’s stock, valued at approximately $51,000. Jane Street Group LLC owned about 0.10% of Pioneer Power Solutions as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Stratos Wealth Advisors LLC raised its position in Pioneer Power Solutions by 20.0% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 15,000 shares of the company’s stock worth $70,000 after purchasing an additional 2,500 shares during the period. Dimensional Fund Advisors LP boosted its stake in Pioneer Power Solutions by 17.7% in the second 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 acquired a new stake in Pioneer Power Solutions in the third quarter valued at approximately $385,000. Institutional investors own 10.92% of the company’s stock.

Pioneer Power Solutions Price Performance

Shares of PPSI opened at $4.02 on Thursday. Pioneer Power Solutions, Inc. has a fifty-two week low of $3.35 and a fifty-two week high of $7.00. The firm’s 50 day moving average price is $5.19 and its 200 day moving average price is $4.99. The company has a market cap of $44.27 million, a P/E ratio of -5.91 and a beta of 0.71. 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 Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 17th were given a $1.50 dividend. The ex-dividend date was Tuesday, December 17th. This is an increase from Pioneer Power Solutions’s previous dividend of $0.12.

Analyst Upgrades and Downgrades

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

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.