Insider Selling: Power Solutions International (NASDAQ:PSIX) Director Sells 2,500 Shares of Stock

Key Points

• Director Hong He of Power Solutions International, Inc. sold 2,500 shares at an average price of $90.03, reducing his ownership by 8.70%.
• Power Solutions International's stock increased by 5.6%, reaching $85.76 with a total trading volume of 679,220 shares.
• The company reported $2.23 EPS and $191.91 million in revenue for the last quarter, showcasing a strong return on equity of 136.57%.

Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) Director Hong He sold 2,500 shares of Power Solutions International stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $90.03, for a total transaction of $225,075.00. Following the completion of the sale, the director owned 26,250 shares in the company, valued at approximately $2,363,287.50. This represents a 8.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Power Solutions International Stock Performance

NASDAQ PSIX traded up $0.79 on Wednesday, hitting $80.73. The stock had a trading volume of 692,463 shares, compared to its average volume of 821,724. The company's 50-day moving average is $77.31 and its two-hundred day moving average is $47.84. Power Solutions International, Inc. has a one year low of $15.30 and a one year high of $121.78. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 16.78 and a beta of 1.47. The company has a quick ratio of 0.65, a current ratio of 1.26 and a debt-to-equity ratio of 0.01.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Thoroughbred Financial Services LLC grew its stake in shares of Power Solutions International by 108.8% in the first quarter. Thoroughbred Financial Services LLC now owns 21,783 shares of the company's stock worth $550,000 after purchasing an additional 11,350 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Power Solutions International in the fourth quarter worth about $366,000. Cetera Investment Advisers bought a new position in Power Solutions International in the 1st quarter valued at about $516,000. Ritholtz Wealth Management acquired a new position in Power Solutions International during the 1st quarter valued at about $1,008,000. Finally, D.A. Davidson & CO. acquired a new position in Power Solutions International during the 1st quarter valued at about $257,000. Institutional investors and hedge funds 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.