EntryPoint Capital LLC Invests $205,000 in Power Solutions International, Inc. $PSIX

Key Points

• EntryPoint Capital LLC has acquired a new stake in Power Solutions International, purchasing 8,119 shares valued at approximately $205,000.
• Insiders at Power Solutions International have recently sold significant amounts of stock, including CEO Constantine Xykis, who sold 26,005 shares, reducing his ownership by 76.80%.
• Power Solutions International's stock has seen a strong performance, trading up 10.8%, with a market cap of $2.10 billion and a price-to-earnings ratio of 18.97.

EntryPoint Capital LLC bought a new stake in shares of Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,119 shares of the company's stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Wells Fargo & Company MN acquired a new stake in shares of Power Solutions International in the fourth quarter worth $33,000. Vestcor Inc acquired a new stake in shares of Power Solutions International in the first quarter worth $29,000. Heck Capital Advisors LLC acquired a new stake in shares of Power Solutions International in the fourth quarter worth $94,000. Spire Wealth Management increased its stake 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 acquiring an additional 2,741 shares during the period. Finally, D.A. Davidson & CO. acquired a new stake in shares of Power Solutions International in the first quarter worth $257,000. Hedge funds and other institutional investors own 22.28% of the company's stock.

Power Solutions International Stock Performance

Shares of NASDAQ:PSIX traded down $1.28 during midday trading on Wednesday, reaching $81.46. The company's stock had a trading volume of 701,400 shares, compared to its average volume of 865,629. The firm has a market capitalization of $1.88 billion, a PE ratio of 16.94 and a beta of 1.47. Power Solutions International, Inc. has a twelve month low of $15.30 and a twelve month high of $121.78. The stock has a fifty day moving average of $80.50 and a 200 day moving average of $49.33. The company has a quick ratio of 0.65, a current ratio of 1.26 and a debt-to-equity ratio of 0.01.

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. The company had revenue of $191.91 million for the quarter. Power Solutions International had a net margin of 18.56% and a return on equity of 136.57%.

Insider Activity at Power Solutions International

In other Power Solutions International news, CEO Constantine Xykis sold 26,005 shares of Power Solutions International stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $95.85, for a total transaction of $2,492,579.25. Following the completion of the sale, the chief executive officer directly owned 7,854 shares in the company, valued at $752,805.90. This trade represents a 76.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Xun Li sold 8,000 shares of Power Solutions International stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $92.36, for a total transaction of $738,880.00. Following the completion of the transaction, the chief financial officer owned 221 shares of the company's stock, valued at $20,411.56. This trade represents a 97.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,175 shares of company stock valued at $11,307,078 over the last ninety days. Corporate insiders own 0.96% of the company's stock.

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.