Power Solutions International (NASDAQ:PSIX) Director Frank P. Simpkins Sells 5,000 Shares

Key Points

• Director Frank P. Simpkins of Power Solutions International, Inc. sold 5,000 shares at an average price of $94.90, decreasing his ownership by 12.50%.
• The company's shares traded down to $86.40, with a market capitalization of $1.99 billion and a price-to-earnings ratio of 17.96.
• Power Solutions International reported a net margin of 18.56% and a return on equity of 136.57% in its most recent earnings release.

Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) Director Frank P. Simpkins sold 5,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director owned 35,000 shares of the company's stock, valued at approximately $3,321,500. The trade was a 12.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Power Solutions International Stock Down 8.2%

PSIX traded down $7.17 during trading on Tuesday, hitting $79.94. 822,357 shares of the company's stock traded hands, compared to its average volume of 819,221. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 18.00 and a beta of 1.47. The company's 50 day simple moving average is $76.70 and its two-hundred day simple moving average is $47.61. Power Solutions International, Inc. has a 12-month low of $15.30 and a 12-month high of $121.78. The company has a current ratio of 1.26, a quick ratio of 0.65 and a debt-to-equity ratio of 0.01.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $2.23 earnings per share for the quarter. Power Solutions International had a return on equity of 136.57% and a net margin of 18.56%.The firm had revenue of $191.91 million during the quarter.

Institutional Trading of Power Solutions International

Hedge funds have recently bought and sold shares of the company. S Squared Technology LLC purchased a new position in Power Solutions International during the fourth quarter valued at $8,718,000. Geode Capital Management LLC boosted its holdings in shares of Power Solutions International by 102.2% during the 2nd quarter. Geode Capital Management LLC now owns 154,383 shares of the company's stock valued at $9,987,000 after purchasing an additional 78,034 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Power Solutions International during the second quarter valued at about $4,735,000. Marshall Wace LLP purchased a new position in shares of Power Solutions International during the fourth quarter valued at about $2,130,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Power Solutions International in the second quarter worth about $2,968,000. Hedge funds and other institutional investors own 22.28% of the company's stock.

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.