Citadel Advisors LLC bought 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 disclosure with the Securities and Exchange Commission. The institutional investor bought 12,312 shares of the company's stock, valued at approximately $366,000. Citadel Advisors LLC owned 0.05% of Power Solutions International at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN bought a new position in shares of Power Solutions International in the fourth quarter worth approximately $33,000. Spire Wealth Management purchased a new position in Power Solutions International in the 4th quarter worth approximately $96,000. Thompson Davis & CO. Inc. purchased a new position in Power Solutions International in the 4th quarter worth approximately $251,000. Thoroughbred Financial Services LLC bought a new stake in Power Solutions International during the fourth quarter worth about $310,000. Finally, Perritt Capital Management Inc bought a new stake in Power Solutions International in the 4th quarter worth approximately $446,000. 22.28% of the stock is currently owned by hedge funds and other institutional investors.
Power Solutions International Stock Performance
Shares of Power Solutions International stock traded up $5.03 on Friday, hitting $47.49. The stock had a trading volume of 385,500 shares, compared to its average volume of 324,985. Power Solutions International Inc has a one year low of $4.57 and a one year high of $47.63. The firm has a 50-day moving average of $29.86. The firm has a market cap of $1.09 billion, a PE ratio of 20.12 and a beta of 1.26.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter. The business had revenue of $135.45 million for the quarter. Power Solutions International had a net margin of 12.46% and a return on equity of 293.35%.
Wall Street Analysts Forecast Growth
Separately, Craig Hallum reissued a "buy" rating on shares of Power Solutions International in a research note on Tuesday, March 25th.
Get Our Latest Report on PSIX
Insider Activity at Power Solutions International
In related news, major shareholder Gary S. Winemaster sold 2,000 shares of the firm'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 completion of the sale, the insider now owns 2,944,281 shares of the company's stock, valued at $68,513,418.87. This trade represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is owned by company insiders.
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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