30,945 Shares in Power Solutions International, Inc. $PSIX Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. bought a new position in Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,945 shares of the company's stock, valued at approximately $782,000. Charles Schwab Investment Management Inc. owned approximately 0.13% of Power Solutions International at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wells Fargo & Company MN bought a new stake in Power Solutions International during the 4th quarter worth approximately $33,000. Schonfeld Strategic Advisors LLC bought a new stake in Power Solutions International during the 4th quarter worth approximately $455,000. Citadel Advisors LLC bought a new stake in Power Solutions International during the 4th quarter worth approximately $366,000. Heck Capital Advisors LLC bought a new stake in Power Solutions International during the 4th quarter worth approximately $94,000. Finally, Ritholtz Wealth Management bought a new stake in Power Solutions International during the 1st quarter worth approximately $1,008,000. 22.28% of the stock is owned by institutional investors and hedge funds.

Power Solutions International Price Performance

NASDAQ PSIX traded down $0.08 during trading hours on Friday, reaching $86.84. 508,383 shares of the company's stock were exchanged, compared to its average volume of 849,835. The stock has a market cap of $2.00 billion, a PE ratio of 18.05 and a beta of 1.58. Power Solutions International, Inc. has a one year low of $15.30 and a one year high of $121.78. The firm has a fifty day moving average of $83.53 and a 200-day moving average of $51.50. The company has a current ratio of 1.26, a quick ratio of 0.65 and a debt-to-equity ratio of 0.01.

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

Insider Transactions at Power Solutions International

In other news, CEO Constantine Xykis sold 26,005 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $95.85, for a total value of $2,492,579.25. Following the transaction, the chief executive officer owned 7,854 shares of the company's stock, valued at $752,805.90. This represents a 76.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frank P. Simpkins sold 10,000 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $91.64, for a total value of $916,400.00. Following the completion of the transaction, the director directly owned 25,000 shares in the company, valued at approximately $2,291,000. This trade represents a 28.57% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 131,175 shares of company stock worth $11,307,078. Corporate insiders own 0.96% of the company's stock.

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.