Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Position Decreased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its holdings in shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI) by 16.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,638 shares of the company’s stock after selling 9,451 shares during the period. Dimensional Fund Advisors LP owned approximately 0.45% of Pioneer Power Solutions worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Marshall Wace LLP bought a new position in shares of Pioneer Power Solutions during the 4th quarter valued at about $107,000. Hedge funds and other institutional investors own 10.92% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright restated a “buy” rating and set a $12.00 price objective on shares of Pioneer Power Solutions in a research report on Wednesday, April 16th.

Pioneer Power Solutions Stock Performance

Shares of PPSI opened at $3.02 on Friday. Pioneer Power Solutions, Inc. has a one year low of $2.25 and a one year high of $7.00. The company has a 50-day moving average of $2.83 and a two-hundred day moving average of $3.98. The stock has a market cap of $33.58 million, a price-to-earnings ratio of -4.44 and a beta of 0.95. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.41 and a quick ratio of 0.69.

Pioneer Power Solutions (NASDAQ:PPSI) last announced its earnings results on Thursday, May 15th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.11). Pioneer Power Solutions had a negative return on equity of 45.67% and a negative net margin of 20.91%. The firm had revenue of $6.74 million during the quarter, compared to analyst estimates of $6.70 million. On average, equities research analysts expect that Pioneer Power Solutions, Inc. will post 0.32 earnings per share for the current year.

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.