S Squared Technology LLC Has $4.12 Million Stock Position in Power Solutions International, Inc. $PSIX

Key Points

• S Squared Technology LLC reduced its stake in Power Solutions International, Inc. by 44.4%, now holding 163,034 shares after selling 130,000 shares in the first quarter.
• Power Solutions International reported a $2.23 EPS for the last quarter, with a net margin of 18.56% and revenue of $191.91 million.
• Insider trading activities included CEO Constantine Xykis selling 26,005 shares for approximately $2.49 million, indicating a significant reduction in his ownership.

S Squared Technology LLC lessened its holdings in Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) by 44.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 163,034 shares of the company's stock after selling 130,000 shares during the period. Power Solutions International comprises 2.1% of S Squared Technology LLC's holdings, making the stock its 18th biggest holding. S Squared Technology LLC owned approximately 0.71% of Power Solutions International worth $4,122,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Independent Advisor Alliance bought a new position in Power Solutions International in the first quarter valued at 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. grew its holdings 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 purchasing an additional 20,767 shares during the last quarter. Finally, Burney Co. bought a new stake in shares of Power Solutions International during the first quarter worth about $857,000. Institutional investors own 22.28% of the company's stock.

Power Solutions International Trading Down 0.2%

Shares of NASDAQ:PSIX traded down $0.17 during midday trading on Friday, hitting $94.41. 429,002 shares of the stock were exchanged, compared to its average volume of 680,177. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 19.63 and a beta of 1.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.65 and a current ratio of 1.26. The business's 50-day moving average price is $85.51 and its 200 day moving average price is $53.76. Power Solutions International, Inc. has a 12 month low of $15.30 and a 12 month high of $121.78.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $2.23 earnings per share for the quarter. The company 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 Activity at Power Solutions International

In other news, Director Hong He sold 2,500 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $90.03, for a total transaction of $225,075.00. Following the sale, the director directly owned 26,250 shares in the company, valued at approximately $2,363,287.50. The trade was a 8.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Constantine Xykis sold 26,005 shares of Power Solutions International stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 7,854 shares in the company, valued at approximately $752,805.90. This represents a 76.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 131,175 shares of company stock valued at $11,307,078. 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.