Virtu Financial LLC Acquires New Shares in Power Solutions International, Inc. (NASDAQ:PSIX)

Virtu Financial LLC acquired a new stake in Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 14,864 shares of the company's stock, valued at approximately $376,000. Virtu Financial LLC owned about 0.06% of Power Solutions International at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PSIX. S Squared Technology LLC acquired a new stake in shares of Power Solutions International in the 4th quarter valued at $8,718,000. Marshall Wace LLP acquired a new stake in shares of Power Solutions International in the 4th quarter valued at $2,130,000. Ritholtz Wealth Management acquired a new stake in shares of Power Solutions International in the 1st quarter valued at $1,008,000. Navellier & Associates Inc. acquired a new stake in shares of Power Solutions International in the 1st quarter valued at $1,104,000. Finally, Burney Co. acquired a new stake in shares of Power Solutions International in the 1st quarter valued at $857,000. Institutional investors and hedge funds own 22.28% of the company's stock.

Power Solutions International Stock Down 10.2%

PSIX stock opened at $81.21 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.67 and a debt-to-equity ratio of 0.01. Power Solutions International, Inc. has a 1 year low of $12.66 and a 1 year high of $121.78. The company has a fifty day simple moving average of $74.55 and a 200 day simple moving average of $46.67. The firm has a market cap of $1.87 billion, a PE ratio of 16.88 and a beta of 1.47.

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

Insiders Place Their Bets

In other Power Solutions International news, CEO Constantine Xykis sold 26,005 shares of the business's stock in a transaction 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 completion of the transaction, the chief executive officer owned 7,854 shares of the company's stock, valued at $752,805.90. The trade was a 76.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank P. Simpkins sold 5,000 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $94.90, for a total transaction of $474,500.00. Following the transaction, the director directly owned 35,000 shares of the company's stock, valued at approximately $3,321,500. This represents a 12.50% decrease in their position. The disclosure for this sale can be found here. 0.96% of the stock is owned by insiders.

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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