World Equity Group Inc. Sells 8,399 Shares of Power Solutions International, Inc. (NASDAQ:PSIX)

World Equity Group Inc. trimmed its holdings in shares of Power Solutions International, Inc. (NASDAQ:PSIX - Free Report) by 47.2% during the 1st quarter, according to the company in its most recent filing with the Securities and 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 quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PSIX. Portolan Capital Management LLC bought a new position in Power Solutions International during the fourth quarter valued at approximately $10,153,000. S Squared Technology LLC bought a new stake in Power Solutions International in the 4th quarter worth approximately $8,718,000. O Shaughnessy Asset Management LLC purchased a new stake in Power Solutions International during the 4th quarter valued at $2,168,000. Marshall Wace LLP purchased a new stake in Power Solutions International during the 4th quarter valued at $2,130,000. Finally, Ritholtz Wealth Management bought a new position in shares of Power Solutions International during the 1st quarter valued at $1,008,000. Institutional investors own 22.28% of the company's stock.

Power Solutions International Stock Up 9.7%

NASDAQ:PSIX traded up $6.03 on Thursday, hitting $68.01. The stock had a trading volume of 457,801 shares, compared to its average volume of 351,013. The business has a 50-day moving average price of $39.80. The stock has a market cap of $1.56 billion, a PE ratio of 19.27 and a beta of 1.26. Power Solutions International, Inc. has a 52-week low of $6.33 and a 52-week high of $68.22. The company has a current ratio of 1.16, a quick ratio of 0.67 and a debt-to-equity ratio of 0.01.

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

Insider Buying and Selling at Power Solutions International

In related news, major shareholder Gary S. Winemaster sold 2,000 shares of Power Solutions International stock in a transaction on Friday, April 11th. The stock was sold at an average price of $23.27, for a total transaction of $46,540.00. Following the transaction, the insider now directly owns 2,944,281 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.96% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Craig Hallum reaffirmed a "buy" rating on shares of Power Solutions International in a report 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.