Schonfeld Strategic Advisors LLC acquired a new stake in Power Solutions International Inc (NASDAQ:PSIX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,300 shares of the company's stock, valued at approximately $455,000. Schonfeld Strategic Advisors LLC owned approximately 0.07% of Power Solutions International as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN acquired a new position in shares of Power Solutions International in the 4th quarter valued at $33,000. Heck Capital Advisors LLC acquired a new position in shares of Power Solutions International in the 4th quarter valued at $94,000. Spire Wealth Management acquired a new position in shares of Power Solutions International in the 4th quarter valued at $96,000. Astoria Portfolio Advisors LLC. acquired a new position in shares of Power Solutions International in the 4th quarter valued at $216,000. Finally, Evernest Financial Advisors LLC acquired a new position in shares of Power Solutions International in the 4th quarter valued at $223,000. Institutional investors and hedge funds own 22.28% of the company's stock.
Power Solutions International Trading Up 8.7%
PSIX stock traded up $3.01 on Friday, hitting $37.41. The company's stock had a trading volume of 190,484 shares, compared to its average volume of 331,807. The firm's 50 day simple moving average is $26.92. Power Solutions International Inc has a 1 year low of $3.72 and a 1 year high of $45.74. The stock has a market capitalization of $860.73 million, a PE ratio of 15.85 and a beta of 1.09.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.83 EPS for the quarter. The company had revenue of $135.45 million during the quarter. Power Solutions International had a net margin of 12.46% and a return on equity of 293.35%.
Insiders Place Their Bets
In other news, major shareholder Gary S. Winemaster sold 2,000 shares of the company's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $23.27, for a total transaction of $46,540.00. Following the transaction, the insider now directly owns 2,944,281 shares of the company's stock, valued at $68,513,418.87. This represents a 0.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by insiders.
Analysts Set New Price Targets
Separately, Craig Hallum reiterated a "buy" rating on shares of Power Solutions International in a research report on Tuesday, March 25th.
Read Our Latest Report on Power Solutions International
Power Solutions International Profile
(
Free Report)
Power Solutions International, Inc engages in the design, manufacture, and trade of power systems and electrical power generation equipment. The firm provides integrated turnkey solutions to global original equipment manufacturers and end-user customers within the energy, industrial, and transportation end markets.
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