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

Marshall Wace LLP acquired a new position in Power Solutions International Inc (NASDAQ:PSIX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 71,588 shares of the company's stock, valued at approximately $2,130,000. Marshall Wace LLP owned about 0.31% of Power Solutions International at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wells Fargo & Company MN purchased a new position in shares of Power Solutions International during the fourth quarter worth approximately $33,000. Heck Capital Advisors LLC bought a new stake in Power Solutions International in the 4th quarter worth $94,000. Spire Wealth Management purchased a new position in shares of Power Solutions International in the fourth quarter valued at about $96,000. Astoria Portfolio Advisors LLC. purchased a new position in shares of Power Solutions International in the fourth quarter valued at about $216,000. Finally, Evernest Financial Advisors LLC purchased a new stake in shares of Power Solutions International during the fourth quarter worth about $223,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

Power Solutions International Stock Performance

Shares of NASDAQ PSIX traded up $0.58 during mid-day trading on Thursday, hitting $25.80. 138,261 shares of the stock traded hands, compared to its average volume of 326,407. The company has a market capitalization of $593.61 million, a P/E ratio of 10.93 and a beta of 0.80. The stock has a fifty day moving average of $27.05. Power Solutions International Inc has a 52 week low of $2.13 and a 52 week high of $45.74.

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

Insider Buying and Selling

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. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Craig Hallum reissued 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.