Atria Wealth Solutions Inc. Reduces Holdings in Pioneer Power Solutions, Inc. (NASDAQ:PPSI)

Atria Wealth Solutions Inc. reduced its stake in Pioneer Power Solutions, Inc. (NASDAQ:PPSI) by 21.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,528 shares of the company’s stock after selling 25,266 shares during the period. Atria Wealth Solutions Inc. owned about 0.92% of Pioneer Power Solutions worth $621,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PPSI. FNY Investment Advisers LLC purchased a new position in shares of Pioneer Power Solutions in the fourth quarter worth $70,000. Jump Financial LLC purchased a new position in shares of Pioneer Power Solutions in the third quarter valued at about $67,000. Finally, Acadian Asset Management LLC raised its stake in shares of Pioneer Power Solutions by 201.1% during the third quarter. Acadian Asset Management LLC now owns 22,732 shares of the company’s stock valued at $141,000 after acquiring an additional 15,183 shares during the last quarter. Institutional investors own 10.92% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on PPSI. HC Wainwright reissued a “buy” rating and issued a $12.00 target price on shares of Pioneer Power Solutions in a research note on Tuesday, April 2nd. Lake Street Capital reduced their target price 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.

Pioneer Power Solutions Trading Down 1.0 %

Shares of PPSI opened at $3.84 on Friday. Pioneer Power Solutions, Inc. has a 1-year low of $3.61 and a 1-year high of $9.84. The firm has a market capitalization of $38.13 million, a price-to-earnings ratio of 21.33 and a beta of 0.66. The firm’s 50-day moving average price is $4.73 and its 200-day moving average price is $5.32. The company has a current ratio of 1.82, a quick ratio of 1.33 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.