Kennedy Capital Management Inc. increased its position in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 701,896 shares of the company’s stock after purchasing an additional 11,534 shares during the quarter. Kennedy Capital Management Inc. owned approximately 0.08% of Pioneer Power Solutions worth $3,411,000 as of its most recent SEC filing.
Separately, North Star Investment Management Corp. grew its stake in Pioneer Power Solutions by 5.2% in the first quarter. North Star Investment Management Corp. now owns 678,514 shares of the company’s stock worth $3,298,000 after purchasing an additional 33,365 shares in the last quarter. 24.82% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently issued reports on PPSI. Zacks Investment Research raised Pioneer Power Solutions from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research note on Friday, March 8th. ValuEngine cut Pioneer Power Solutions from a “sell” rating to a “strong sell” rating in a research note on Monday, April 1st.
Shares of NASDAQ:PPSI opened at $4.95 on Friday. Pioneer Power Solutions, Inc. has a 52-week low of $4.40 and a 52-week high of $6.05. The company has a market capitalization of $43.25 million, a P/E ratio of 7.28 and a beta of 1.32. The company has a current ratio of 1.03, a quick ratio of 0.52 and a debt-to-equity ratio of 0.13.
Pioneer Power Solutions (NASDAQ:PPSI) last announced its quarterly earnings data on Tuesday, May 14th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.68. Pioneer Power Solutions had a return on equity of 83.45% and a net margin of 0.55%. The company had revenue of $24.70 million for the quarter.
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Pioneer Power Solutions Company Profile
Pioneer Power Solutions, Inc, together with its subsidiaries, manufactures, sells, and services specialty electrical transmission, distribution, and on-site power generation equipment in the United States, Canada, and internationally. The company operates in two segments, Transmission & Distribution Solutions and Critical Power Solutions.
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