AIGH Capital Management LLC Purchases 123,315 Shares of Ideal Power Inc. (NASDAQ:IPWR)

AIGH Capital Management LLC raised its stake in Ideal Power Inc. (NASDAQ:IPWR) by 17.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 823,315 shares of the industrial products company’s stock after buying an additional 123,315 shares during the period. Ideal Power accounts for 1.9% of AIGH Capital Management LLC’s holdings, making the stock its 20th largest holding. AIGH Capital Management LLC owned 0.10% of Ideal Power worth $6,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Geode Capital Management LLC increased its position in shares of Ideal Power by 13.2% in the third quarter. Geode Capital Management LLC now owns 77,877 shares of the industrial products company’s stock worth $639,000 after purchasing an additional 9,075 shares during the period. Institutional investors and hedge funds own 16.37% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Westpark Capital began coverage on Ideal Power in a research note on Friday. They issued a “hold” rating on the stock.

Ideal Power Trading Up 0.4 %

Shares of NASDAQ IPWR opened at $5.07 on Friday. The company has a market cap of $41.31 million, a price-to-earnings ratio of -3.62 and a beta of 1.05. Ideal Power Inc. has a 12 month low of $4.57 and a 12 month high of $9.69. The stock has a 50-day moving average price of $6.00 and a two-hundred day moving average price of $6.83.

Ideal Power Profile

Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. It also offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. The company serves electric and hybrid electric vehicles, electric vehicle charging, renewable energy and energy storage system power converters, uninterruptible power supplies for data centers, industrial motor drives, solid-state circuit breakers, distribution and transmission switches and controls, and other industrial and military markets.