Power Solutions International Inc (NASDAQ:PSIX - Get Free Report) major shareholder Gary S. Winemaster sold 2,000 shares of the business's stock in a transaction that occurred on Friday, April 11th. The stock was 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 owns 2,944,281 shares of the company's stock, valued at $68,513,418.87. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Power Solutions International Stock Performance
Shares of NASDAQ PSIX traded up $0.13 during midday trading on Friday, reaching $24.51. The company had a trading volume of 111,997 shares, compared to its average volume of 334,930. The company has a market cap of $563.93 million, a PE ratio of 10.39 and a beta of 0.80. Power Solutions International Inc has a one year low of $2.00 and a one year high of $45.74. The company's fifty day simple moving average is $29.03.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last announced its quarterly earnings data on Monday, March 24th. The company reported $1.03 earnings per share for the quarter. Power Solutions International had a return on equity of 293.35% and a net margin of 12.46%. The firm had revenue of $144.30 million during the quarter.
Analysts Set New Price Targets
Separately, Craig Hallum reiterated a "buy" rating on shares of Power Solutions International in a research report on Tuesday, March 25th.
View Our Latest Research Report on PSIX
Institutional Investors Weigh In On Power Solutions International
A number of large investors have recently added to or reduced their stakes in PSIX. Gagnon Securities LLC purchased a new stake in shares of Power Solutions International during the fourth quarter worth about $25,292,000. Gagnon Advisors LLC purchased a new stake in Power Solutions International in the 4th quarter worth approximately $13,987,000. Portolan Capital Management LLC bought a new stake in shares of Power Solutions International in the 4th quarter worth approximately $10,153,000. S Squared Technology LLC bought a new stake in shares of Power Solutions International in the 4th quarter worth approximately $8,718,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Power Solutions International during the fourth quarter valued at approximately $2,168,000. Institutional investors own 22.28% of the company's stock.
Power Solutions International Company Profile
(
Get Free Report)
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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