Cetera Investment Advisers Makes New Investment in 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 purchased a new position in Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,403 shares of the company's stock, valued at approximately $516,000. Cetera Investment Advisers owned 0.09% of Power Solutions International as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PSIX. Wells Fargo & Company MN bought a new position in shares of Power Solutions International in the fourth quarter worth approximately $33,000. Heck Capital Advisors LLC purchased a new position in shares of Power Solutions International in the fourth quarter worth $94,000. Spire Wealth Management lifted its holdings in shares of Power Solutions International by 84.5% in the first 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 first quarter worth $257,000. Finally, Citadel Advisors LLC purchased a new position in shares of Power Solutions International in the fourth quarter worth $366,000. 22.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Hong He sold 2,500 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $90.03, for a total value of $225,075.00. Following the transaction, the director owned 26,250 shares of the company's stock, valued at $2,363,287.50. This trade represents a 8.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Constantine Xykis sold 26,005 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $95.85, for a total transaction of $2,492,579.25. Following the completion of the transaction, the chief executive officer directly owned 7,854 shares in the company, valued at $752,805.90. This represents a 76.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,505 shares of company stock valued at $3,192,154 in the last ninety days. 0.96% of the stock is owned by company insiders.

Power Solutions International Price Performance

Shares of PSIX stock traded down $0.38 during mid-day trading on Wednesday, hitting $79.56. The company had a trading volume of 490,414 shares, compared to its average volume of 444,268. Power Solutions International, Inc. has a 52-week low of $15.30 and a 52-week high of $121.78. The stock's 50 day moving average price is $76.70 and its 200-day moving average price is $47.61. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 0.65. The company has a market capitalization of $1.83 billion, a P/E ratio of 16.54 and a beta of 1.47.

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

Power Solutions International Profile

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.