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North Star Investment Management Corp. Purchases 3,200 Shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI)
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Other hedge funds and other institutional investors also recently bought and sold shares of the company. Renaissance Technologies LLC bought a new position in Pioneer Power Solutions during the first quarter worth $260,000. Kennedy Capital Management Inc. raised its position in Pioneer Power Solutions by 14.6% in the first quarter. Kennedy Capital Management Inc. now owns 321,828 shares of the industrial products company’s stock worth $2,414,000 after buying an additional 41,069 shares during the period. Finally, Heartland Advisors Inc. raised its position in Pioneer Power Solutions by 16.8% in the first quarter. Heartland Advisors Inc. now owns 350,500 shares of the industrial products company’s stock worth $2,629,000 after buying an additional 50,500 shares during the period. 18.83% of the stock is owned by institutional investors.
Shares of Pioneer Power Solutions, Inc. (NASDAQ:PPSI) remained flat at $6.10 during mid-day trading on Tuesday. 10,890 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $6.66 and its 200 day moving average price is $6.97. Pioneer Power Solutions, Inc. has a 12-month low of $4.85 and a 12-month high of $9.40. The firm’s market cap is $53.14 million.
Pioneer Power Solutions (NASDAQ:PPSI) last issued its quarterly earnings results on Thursday, May 11th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05. The business had revenue of $27.26 million for the quarter, compared to the consensus estimate of $29 million. Pioneer Power Solutions had a positive return on equity of 17.48% and a negative net margin of 0.87%. Equities research analysts forecast that Pioneer Power Solutions, Inc. will post $0.60 EPS for the current year.
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A number of research analysts recently weighed in on the company. Zacks Investment Research lowered Pioneer Power Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. ValuEngine downgraded Pioneer Power Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 3rd.
About Pioneer Power Solutions
Pioneer Power Solutions, Inc manufactures, sells and services a range of specialty electrical transmission, distribution and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. The Company operates through two segments: Transmission & Distribution Solutions (T&D Solutions) and Critical Power Solutions (Critical Power).
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