LeConte Wealth Management LLC Sells 152,972 Shares of Ideal Power Inc. $IPWR

LeConte Wealth Management LLC trimmed its holdings in shares of Ideal Power Inc. (NASDAQ:IPWR) by 84.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 27,515 shares of the industrial products company’s stock after selling 152,972 shares during the quarter. LeConte Wealth Management LLC’s holdings in Ideal Power were worth $125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in IPWR. XTX Topco Ltd bought a new stake in Ideal Power during the first quarter valued at approximately $54,000. Northern Trust Corp grew its position in Ideal Power by 34.4% during the fourth quarter. Northern Trust Corp now owns 13,461 shares of the industrial products company’s stock valued at $102,000 after buying an additional 3,443 shares during the period. Finally, Baird Financial Group Inc. grew its position in Ideal Power by 3.1% during the first quarter. Baird Financial Group Inc. now owns 287,055 shares of the industrial products company’s stock valued at $1,493,000 after buying an additional 8,713 shares during the period. 16.37% of the stock is currently owned by institutional investors.

Ideal Power Trading Down 2.7%

Shares of NASDAQ IPWR opened at $5.42 on Thursday. The firm has a 50 day moving average of $5.13 and a 200 day moving average of $4.98. The firm has a market capitalization of $46.06 million, a price-to-earnings ratio of -4.41 and a beta of 1.11. Ideal Power Inc. has a 12-month low of $3.77 and a 12-month high of $8.62.

Ideal Power (NASDAQ:IPWR) last announced its earnings results on Thursday, August 14th. The industrial products company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.08). The business had revenue of $0.01 million for the quarter, compared to the consensus estimate of $0.02 million. Ideal Power had a negative net margin of 58,031.58% and a negative return on equity of 66.48%.

About Ideal Power

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.