Insider Buying: Ideal Power Inc. (NASDAQ:IPWR) Director Buys $17,640.00 in Stock

Ideal Power Inc. (NASDAQ:IPWR) Director Laban E. Lesster purchased 3,000 shares of Ideal Power stock in a transaction that occurred on Tuesday, November 19th. The shares were bought at an average cost of $5.88 per share, for a total transaction of $17,640.00. Following the completion of the transaction, the director now directly owns 16,252 shares in the company, valued at $95,561.76. This represents a 22.64 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Ideal Power Stock Down 2.2 %

Shares of IPWR opened at $6.62 on Friday. Ideal Power Inc. has a 52-week low of $5.61 and a 52-week high of $13.98. The firm has a market cap of $53.95 million, a price-to-earnings ratio of -4.73 and a beta of 1.10. The business’s 50 day moving average is $7.50 and its two-hundred day moving average is $7.50.

Institutional Trading of Ideal Power

Several institutional investors have recently added to or reduced their stakes in IPWR. Virtu Financial LLC acquired a new position in Ideal Power during the 1st quarter worth $90,000. Geode Capital Management LLC lifted its position in shares of Ideal Power by 13.2% during 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 last quarter. Vanguard Group Inc. grew its stake in Ideal Power by 1.9% in the first quarter. Vanguard Group Inc. now owns 268,926 shares of the industrial products company’s stock worth $2,393,000 after purchasing an additional 5,004 shares in the last quarter. Finally, Bailard Inc. increased its holdings in Ideal Power by 13.8% in the second quarter. Bailard Inc. now owns 25,615 shares of the industrial products company’s stock valued at $181,000 after buying an additional 3,100 shares during the last quarter. 16.37% of the stock is owned by institutional investors and hedge funds.

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.