World Equity Group Inc. Has $238,000 Stock Position in Power Solutions International, Inc. (NASDAQ:PSIX)

World Equity Group Inc. lessened its position in shares of Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) by 47.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,395 shares of the company's stock after selling 8,399 shares during the period. World Equity Group Inc.'s holdings in Power Solutions International were worth $238,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN bought a new position in Power Solutions International during the fourth quarter worth $33,000. Heck Capital Advisors LLC bought a new position in Power Solutions International during the fourth quarter worth $94,000. Thoroughbred Financial Services LLC bought a new position in Power Solutions International during the fourth quarter worth $310,000. Citadel Advisors LLC bought a new stake in Power Solutions International in the fourth quarter valued at $366,000. Finally, Perritt Capital Management Inc bought a new stake in Power Solutions International in the fourth quarter valued at $446,000. Institutional investors own 22.28% of the company's stock.

Insider Buying and Selling at Power Solutions International

In other Power Solutions International news, major shareholder Gary S. Winemaster sold 2,000 shares of Power Solutions International stock in a transaction on Friday, April 11th. The shares were sold at an average price of $23.27, for a total value of $46,540.00. Following the completion of the sale, the insider now directly owns 2,944,281 shares of the company's stock, valued at approximately $68,513,418.87. The trade was a 0.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.96% of the company's stock.

Power Solutions International Stock Up 2.0%

PSIX traded up $1.20 during midday trading on Monday, hitting $60.86. The company had a trading volume of 463,867 shares, compared to its average volume of 309,052. Power Solutions International, Inc. has a 52 week low of $6.21 and a 52 week high of $62.50. The company has a quick ratio of 0.67, a current ratio of 1.16 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.40 billion, a P/E ratio of 17.24 and a beta of 1.26. The stock's 50 day simple moving average is $37.38.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter. Power Solutions International had a net margin of 15.74% and a return on equity of 141.76%. The firm had revenue of $135.45 million during the quarter.

Wall Street Analyst Weigh In

Separately, Craig Hallum reaffirmed a "buy" rating on shares of Power Solutions International in a research note on Tuesday, March 25th.

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.