Cetera Investment Advisers Acquires Shares of 20,403 Power Solutions International, Inc. $PSIX

Key Points

• Cetera Investment Advisers has made a new investment of approximately $516,000 in Power Solutions International, acquiring 20,403 shares.
• Insider trading was noted, with Director Frank P. Simpkins and Director Hong He selling shares, reducing their holdings by 12.50% and 8.70%, respectively.
• Power Solutions International reported $2.23 earnings per share (EPS) and $191.91 million in revenue in its latest quarterly earnings, showcasing a net margin of 18.56%.

Cetera Investment Advisers acquired a new stake in shares of Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 20,403 shares of the company's stock, valued at approximately $516,000. Cetera Investment Advisers owned 0.09% of Power Solutions International at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN purchased a new position in shares of Power Solutions International in the 4th quarter worth $33,000. Heck Capital Advisors LLC purchased a new position in shares of Power Solutions International in the 4th quarter worth $94,000. Spire Wealth Management grew its stake in shares of Power Solutions International by 84.5% in the 1st quarter. Spire Wealth Management now owns 5,984 shares of the company's stock worth $151,000 after buying an additional 2,741 shares in the last quarter. D.A. Davidson & CO. purchased a new position in shares of Power Solutions International in the 1st quarter worth $257,000. Finally, Citadel Advisors LLC purchased a new position in shares of Power Solutions International in the 4th quarter worth $366,000. 22.28% of the stock is currently owned by institutional investors.

Insider Activity

In related news, major shareholder America Corp. Weichai sold 79,670 shares of Power Solutions International stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $81.08, for a total transaction of $6,459,643.60. Following the completion of the transaction, the insider directly owned 11,006,951 shares of the company's stock, valued at approximately $892,443,587.08. The trade was a 0.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hong He sold 2,500 shares of Power Solutions International stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $90.03, for a total transaction of $225,075.00. Following the transaction, the director directly owned 26,250 shares of the company's stock, valued at approximately $2,363,287.50. This represents a 8.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 113,175 shares of company stock valued at $9,651,798 in the last quarter. 0.96% of the stock is currently owned by company insiders.

Power Solutions International Price Performance

Shares of NASDAQ:PSIX traded up $1.67 on Thursday, reaching $82.40. The company's stock had a trading volume of 481,403 shares, compared to its average volume of 807,631. Power Solutions International, Inc. has a 52-week low of $15.30 and a 52-week high of $121.78. The company has a market cap of $1.90 billion, a P/E ratio of 17.13 and a beta of 1.47. The company has a 50-day simple moving average of $77.93 and a 200 day simple moving average of $48.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.65 and a current ratio of 1.26.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $2.23 EPS for the quarter. Power Solutions International had a net margin of 18.56% and a return on equity of 136.57%. The firm had revenue of $191.91 million during the quarter.

About Power Solutions International

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.