Quadrature Capital Ltd Acquires Shares of 4,066 Powell Industries, Inc. (NASDAQ:POWL)

Quadrature Capital Ltd acquired a new position in shares of Powell Industries, Inc. (NASDAQ:POWL - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,066 shares of the industrial products company's stock, valued at approximately $904,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of POWL. Hollencrest Capital Management purchased a new stake in Powell Industries during the third quarter worth about $30,000. Quest Partners LLC purchased a new position in Powell Industries in the 3rd quarter valued at approximately $35,000. GAMMA Investing LLC boosted its position in Powell Industries by 38.2% in the 2nd quarter. GAMMA Investing LLC now owns 286 shares of the industrial products company's stock valued at $41,000 after buying an additional 79 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Powell Industries by 110.5% in the third quarter. Farther Finance Advisors LLC now owns 200 shares of the industrial products company's stock worth $44,000 after acquiring an additional 105 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in shares of Powell Industries during the second quarter worth $47,000. 89.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Powell Industries

In related news, major shareholder Thomas W. Powell sold 5,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $347.74, for a total transaction of $1,738,700.00. Following the completion of the sale, the insider now owns 677,265 shares in the company, valued at $235,512,131.10. This represents a 0.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have sold 60,000 shares of company stock worth $14,679,842. Corporate insiders own 2.20% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Powell Industries from a "buy" rating to a "hold" rating in a research note on Saturday, November 23rd.

Powell Industries Price Performance

Shares of NASDAQ:POWL traded down $4.87 during trading on Friday, hitting $280.37. 286,411 shares of the company were exchanged, compared to its average volume of 525,815. The firm's 50 day moving average price is $275.37 and its 200-day moving average price is $203.46. Powell Industries, Inc. has a 12-month low of $76.29 and a 12-month high of $364.98. The stock has a market capitalization of $3.37 billion, a P/E ratio of 22.81, a PEG ratio of 1.48 and a beta of 0.85.

Powell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend is Wednesday, November 20th. Powell Industries's payout ratio is 8.62%.

Powell Industries Company Profile

Powell Industries, Inc, together with its subsidiaries, designs, develops, manufactures, sells, and services custom-engineered equipment and systems. The company's principal products include integrated power control room substations, custom-engineered modules, electrical houses, medium-voltage circuit breakers, monitoring and control communications systems, motor control centers, switches, and bus duct systems, as well as traditional and arc-resistant distribution switchgears and control gears.