Thompson Davis & CO. Inc. Buys Shares of 32,600 Pioneer Power Solutions, Inc. (NASDAQ:PPSI)

Thompson Davis & CO. Inc. acquired a new position in shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 32,600 shares of the company’s stock, valued at approximately $221,000. Thompson Davis & CO. Inc. owned approximately 0.33% of Pioneer Power Solutions as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. FNY Investment Advisers LLC bought a new stake in shares of Pioneer Power Solutions during the 4th quarter worth approximately $70,000. Acadian Asset Management LLC raised 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 purchasing an additional 15,183 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Pioneer Power Solutions during the 3rd quarter worth approximately $67,000. Institutional investors own 10.92% of the company’s stock.

Pioneer Power Solutions Stock Performance

PPSI traded down $0.01 during trading hours on Tuesday, reaching $3.80. The company’s stock had a trading volume of 58,428 shares, compared to its average volume of 124,491. Pioneer Power Solutions, Inc. has a 52 week low of $3.61 and a 52 week high of $9.84. The company’s 50-day moving average is $4.83 and its 200-day moving average is $5.37. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.33 and a current ratio of 1.82. The firm has a market cap of $37.73 million, a PE ratio of 21.17 and a beta of 0.55.

Wall Street Analyst Weigh In

PPSI has been the topic of a number of analyst reports. Lake Street Capital dropped their price objective on 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. HC Wainwright restated a “buy” rating and issued a $12.00 price target on shares of Pioneer Power Solutions in a research note on Tuesday, April 2nd.

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.