Power Solutions International (NASDAQ:PSIX) Reaches New 12-Month High - Still a Buy?

Power Solutions International Inc (NASDAQ:PSIX - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $45.93 and last traded at $45.85, with a volume of 194273 shares changing hands. The stock had previously closed at $42.46.

Analysts Set New Price Targets

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

Power Solutions International Stock Performance

The firm has a market capitalization of $1.09 billion, a P/E ratio of 20.12 and a beta of 1.26. The company's 50 day simple moving average is $30.29.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter. Power Solutions International had a net margin of 12.46% and a return on equity of 293.35%. The company had revenue of $135.45 million during the quarter.

Insider Activity

In related news, major shareholder Gary S. Winemaster sold 2,000 shares of the company's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $23.27, for a total transaction of $46,540.00. Following the completion of the sale, the insider now directly owns 2,944,281 shares in the company, valued at $68,513,418.87. This represents a 0.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Power Solutions International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PSIX. Portolan Capital Management LLC bought a new stake in Power Solutions International during the 4th quarter valued at $10,153,000. S Squared Technology LLC bought a new stake in Power Solutions International during the 4th quarter valued at $8,718,000. O Shaughnessy Asset Management LLC bought a new stake in Power Solutions International during the 4th quarter valued at $2,168,000. Marshall Wace LLP bought a new stake in Power Solutions International during the 4th quarter valued at $2,130,000. Finally, Independent Advisor Alliance bought a new position in Power Solutions International in the 1st quarter worth $1,086,000. 22.28% of the stock is currently owned by institutional investors.

Power Solutions International Company 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.