24,739 Shares in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Bought by Squarepoint Ops LLC

Squarepoint Ops LLC bought a new position in shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,739 shares of the company’s stock, valued at approximately $102,000. Squarepoint Ops LLC owned about 0.22% of Pioneer Power Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of PPSI. Occudo Quantitative Strategies LP bought a new position in Pioneer Power Solutions during the fourth quarter valued at $64,000. Northern Trust Corp raised its stake in shares of Pioneer Power Solutions by 64.3% in the fourth quarter. Northern Trust Corp now owns 41,898 shares of the company’s stock valued at $173,000 after acquiring an additional 16,392 shares during the period. Two Sigma Securities LLC purchased a new stake in shares of Pioneer Power Solutions in the fourth quarter valued at $78,000. Marshall Wace LLP purchased a new stake in shares of Pioneer Power Solutions in the fourth quarter valued at $107,000. Finally, Manatuck Hill Partners LLC purchased a new stake in shares of Pioneer Power Solutions in the fourth quarter valued at $310,000. Institutional investors own 10.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on PPSI. HC Wainwright reaffirmed a “buy” rating and issued a $12.00 price target on shares of Pioneer Power Solutions in a research note on Wednesday, April 16th. Wall Street Zen raised shares of Pioneer Power Solutions from a “sell” rating to a “hold” rating in a research report on Monday, May 19th.

Pioneer Power Solutions Trading Down 0.7%

Shares of PPSI stock opened at $2.77 on Tuesday. The firm has a market cap of $30.80 million, a PE ratio of -4.07 and a beta of 1.00. Pioneer Power Solutions, Inc. has a 1-year low of $2.25 and a 1-year high of $7.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.41 and a quick ratio of 0.69. The company has a 50-day moving average of $2.66 and a two-hundred day moving average of $3.58.

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