S Squared Technology LLC Trims Holdings 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 cut its holdings in Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) by 44.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,034 shares of the company's stock after selling 130,000 shares during the quarter. Power Solutions International accounts for approximately 2.1% of S Squared Technology LLC's holdings, making the stock its 18th largest position. S Squared Technology LLC owned approximately 0.71% of Power Solutions International worth $4,122,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vestcor Inc purchased a new position in shares of Power Solutions International in the first quarter worth $29,000. Wells Fargo & Company MN bought a new position in Power Solutions International during the 4th quarter valued at about $33,000. Heck Capital Advisors LLC purchased a new stake in shares of Power Solutions International during the 4th quarter valued at about $94,000. Spire Wealth Management boosted its holdings in shares of Power Solutions International by 84.5% during the 1st quarter. Spire Wealth Management now owns 5,984 shares of the company's stock valued at $151,000 after acquiring an additional 2,741 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Power Solutions International in the first quarter worth approximately $205,000. Institutional investors own 22.28% of the company's stock.

Power Solutions International Stock Performance

Power Solutions International stock traded down $0.17 during midday trading on Friday, reaching $94.41. 429,002 shares of the company traded hands, compared to its average volume of 702,009. The business has a 50 day moving average of $85.51 and a two-hundred day moving average of $53.48. The firm 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 current ratio of 1.26 and a quick ratio of 0.65. 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 (EPS) for the quarter. The firm 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

In other news, CFO Xun Li sold 8,000 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $92.36, for a total value of $738,880.00. Following the transaction, the chief financial officer owned 221 shares in the company, valued at $20,411.56. This represents a 97.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Hong He sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $90.03, for a total transaction of $225,075.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 131,175 shares of company stock worth $11,307,078. Company insiders own 0.96% of the company's stock.

Power Solutions International Company 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.