Marshall Wace LLP Takes Position in Power Solutions International Inc (NASDAQ:PSIX)

Marshall Wace LLP purchased a new position in shares of Power Solutions International Inc (NASDAQ:PSIX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 71,588 shares of the company's stock, valued at approximately $2,130,000. Marshall Wace LLP owned approximately 0.31% of Power Solutions International as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Astoria Portfolio Advisors LLC. bought a new position in Power Solutions International in the fourth quarter valued at $216,000. Evernest Financial Advisors LLC bought a new position in shares of Power Solutions International in the 4th quarter valued at about $223,000. Heck Capital Advisors LLC acquired a new stake in shares of Power Solutions International in the fourth quarter valued at about $94,000. Gagnon Securities LLC bought a new stake in Power Solutions International during the fourth quarter worth about $25,292,000. Finally, Gagnon Advisors LLC acquired a new position in shares of Power Solutions International during the 4th quarter worth approximately $13,987,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Power Solutions International news, major shareholder Gary S. Winemaster sold 2,000 shares of the company's stock in a transaction 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 transaction, the insider now directly owns 2,944,281 shares of the company's stock, valued at $68,513,418.87. This represents a 0.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by insiders.

Power Solutions International Stock Up 7.6 %

NASDAQ PSIX traded up $1.96 during trading on Friday, reaching $27.68. 142,847 shares of the company's stock were exchanged, compared to its average volume of 324,455. Power Solutions International Inc has a fifty-two week low of $2.13 and a fifty-two week high of $45.74. The firm's 50 day simple moving average is $26.91. The firm has a market capitalization of $636.86 million, a PE ratio of 11.73 and a beta of 0.80.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last announced its quarterly earnings results on Monday, March 24th. The company reported $1.03 earnings per share (EPS) for the quarter. Power Solutions International had a return on equity of 293.35% and a net margin of 12.46%. The business had revenue of $144.30 million during the quarter.

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.