Atria Wealth Solutions Inc. Sells 25,266 Shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI)

Atria Wealth Solutions Inc. lessened its position in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) by 21.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 91,528 shares of the company’s stock after selling 25,266 shares during the period. Atria Wealth Solutions Inc.’s holdings in Pioneer Power Solutions were worth $621,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Jump Financial LLC bought a new stake in Pioneer Power Solutions in the third quarter worth about $67,000. FNY Investment Advisers LLC purchased a new stake in shares of Pioneer Power Solutions in the fourth quarter worth approximately $70,000. Finally, Acadian Asset Management LLC lifted its stake in shares of Pioneer Power Solutions by 201.1% during the 3rd quarter. Acadian Asset Management LLC now owns 22,732 shares of the company’s stock worth $141,000 after acquiring an additional 15,183 shares during the last quarter. 10.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. HC Wainwright reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Pioneer Power Solutions in a research report on Tuesday, April 2nd. Lake Street Capital reduced their price target on shares of Pioneer Power Solutions from $12.00 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, April 2nd.

Pioneer Power Solutions Stock Down 1.0 %

Shares of NASDAQ:PPSI opened at $3.84 on Friday. The business’s 50 day moving average is $4.73 and its 200 day moving average is $5.32. The stock has a market cap of $38.13 million, a P/E ratio of 21.33 and a beta of 0.66. Pioneer Power Solutions, Inc. has a 52-week low of $3.61 and a 52-week high of $9.84. The company has a quick ratio of 1.33, a current ratio of 1.82 and a debt-to-equity ratio of 0.02.

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 in two segments, Transmission & Distribution Solutions and Critical Power Solutions.