Wynnefield Capital Inc buys $13,621,187 stake in Global Power Equipment Group Inc (GLPW)

Global Power Equipment Group Inc (GLPW) : Wynnefield Capital Inc scooped up 342,192 additional shares in Global Power Equipment Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 3,167,718 shares of Global Power Equipment Group Inc which is valued at $13,621,187.Global Power Equipment Group Inc makes up approximately 4.52% of Wynnefield Capital Inc’s portfolio.

Other Hedge Funds, Including , Connor Clark Lunn Investment Management Ltd. sold out all of its stake in GLPW during the most recent quarter. The investment firm sold 55,000 shares of GLPW which is valued $236,500. Parametric Portfolio Associates sold out all of its stake in GLPW during the most recent quarter. The investment firm sold 14,797 shares of GLPW which is valued $63,627. Gendell Jeffrey L sold out all of its stake in GLPW during the most recent quarter. The investment firm sold 562,073 shares of GLPW which is valued $2,416,914. California Public Employees Retirement System sold out all of its stake in GLPW during the most recent quarter. The investment firm sold 103,900 shares of GLPW which is valued $379,235.

Global Power Equipment Group Inc (GLPW) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $5.005 and reached the intraday high at $5.06. The bulls started the profit booking and pushed the shares to intraday low of $5. The trading session was marked by a volume range of 23,785 shares exchanging hands. The 52-week high of the shares is $5.8 and the 52-week low is $1.5. The market cap of the company stands at $86 M and there are 1,71,69,871 shares in public circulation.

Global Power Equipment Group Inc. (Global Power) is a provider of customer-engineered equipment and modification and maintenance services for customers in the energy infrastructure and process and industrial segments. The Company designs engineers and manufactures a range of gas and steam turbine auxiliary products houses and generator enclosures primarily used to facilitate the operation of gas turbine power plants sub-base and stand-alone tanks for other industrial energy and power-related applications. It also provides on-site specialty modification and maintenance services outage management facility upgrade services specialty repair brazed aluminum heat exchanger repair and maintenance and other industrial and safety services to nuclear fossil-fuel industrial gas and liquefied natural gas petrochemical and other industrial operations in the United States. The Company operates in three segments: Product Solutions Nuclear Services and Energy Services.

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