Kathmere Capital Management LLC Purchases Shares of 3,499 Power Solutions International, Inc. $PSIX

Key Points

• Kathmere Capital Management LLC acquired 3,499 shares of Power Solutions International, Inc. valued at approximately $226,000 in the second quarter.
• Insider transactions revealed significant stock sales, with CEO Constantine Xykis selling 26,005 shares and CFO Xun Li selling 8,000 shares, indicating a decline in their personal holdings.
• Power Solutions International reported a net margin of 18.56% and earnings of $2.23 EPS for the most recent quarter, with substantial institutional ownership at 22.28%.

Kathmere Capital Management LLC purchased a new stake in Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,499 shares of the company's stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Independent Advisor Alliance bought a new stake in shares of Power Solutions International during the first quarter worth about $1,086,000. Ritholtz Wealth Management bought a new stake in shares of Power Solutions International during the first quarter worth about $1,008,000. Navellier & Associates Inc. bought a new stake in shares of Power Solutions International during the first quarter worth about $1,104,000. Corsair Capital Management L.P. increased its position in shares of Power Solutions International by 129.8% during the first quarter. Corsair Capital Management L.P. now owns 36,767 shares of the company's stock worth $929,000 after acquiring an additional 20,767 shares in the last quarter. Finally, Burney Co. bought a new stake in shares of Power Solutions International during the first quarter worth about $857,000. 22.28% of the stock is owned by institutional investors.

Insider Transactions 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 that occurred on 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 transaction, the chief executive officer owned 7,854 shares of the company's stock, valued at $752,805.90. This trade represents a 76.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 stock was sold at an average price of $92.36, for a total transaction of $738,880.00. Following the transaction, the chief financial officer directly owned 221 shares in the company, valued at approximately $20,411.56. This represents a 97.31% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 211,014 shares of company stock worth $18,768,831. Company insiders own 0.96% of the company's stock.

Power Solutions International Trading Down 0.6%

NASDAQ:PSIX opened at $103.08 on Tuesday. 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 firm has a 50-day moving average of $92.06 and a 200-day moving average of $59.67. The company has a market cap of $2.37 billion, a PE ratio of 21.43 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.

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

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.

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