Citadel Advisors LLC Acquires New Stake in Power Solutions International Inc (NASDAQ:PSIX)

Citadel Advisors LLC acquired a new position in shares of Power Solutions International Inc (NASDAQ:PSIX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 12,312 shares of the company's stock, valued at approximately $366,000. Citadel Advisors LLC owned approximately 0.05% of Power Solutions International as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Portolan Capital Management LLC purchased a new position in Power Solutions International during the fourth quarter worth approximately $10,153,000. S Squared Technology LLC purchased a new stake in Power Solutions International in the fourth quarter valued at $8,718,000. O Shaughnessy Asset Management LLC purchased a new stake in Power Solutions International in the fourth quarter valued at $2,168,000. Marshall Wace LLP purchased a new stake in Power Solutions International in the fourth quarter valued at $2,130,000. Finally, Manatuck Hill Partners LLC purchased a new stake in Power Solutions International in the fourth quarter valued at $620,000. Hedge funds and other institutional investors own 22.28% of the company's stock.

Power Solutions International Trading Up 11.8%

NASDAQ:PSIX traded up $5.03 on Friday, reaching $47.49. The company's stock had a trading volume of 388,034 shares, compared to its average volume of 324,988. Power Solutions International Inc has a 12-month low of $4.57 and a 12-month high of $47.63. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 20.12 and a beta of 1.26. The company has a 50 day moving average of $30.29.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.83 EPS for the quarter. Power Solutions International had a return on equity of 293.35% and a net margin of 12.46%. The company had revenue of $135.45 million for the quarter.

Wall Street Analyst Weigh In

Separately, Craig Hallum restated a "buy" rating on shares of Power Solutions International in a research report on Tuesday, March 25th.

Insider Buying and Selling at Power Solutions International

In related news, major shareholder Gary S. Winemaster sold 2,000 shares of the business's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $23.27, for a total value of $46,540.00. Following the sale, the insider now owns 2,944,281 shares in the company, valued at approximately $68,513,418.87. The trade was a 0.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.60% 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.