On April 29, 2024, Private Capital (Trades, Portfolio) Management, a prominent investment firm, executed a significant transaction by acquiring 1,078,936 additional shares of PowerFleet Inc (NASDAQ:PWFL). This move increased the firm's total holdings in PowerFleet to 6,857,125 shares, marking a substantial enhancement in their investment portfolio. The shares were purchased at a price of $4.66, reflecting a strategic addition based on the firm's investment philosophy.