America Corp. Weichai Sells 79,839 Shares of Power Solutions International (NASDAQ:PSIX) Stock

Key Points

• America Corp. Weichai, a major shareholder of Power Solutions International, sold 79,839 shares at an average price of $93.46, totaling approximately $7.46 million, reducing their ownership by 0.75%.
• Following the transaction, Weichai retains 10,599,759 shares valued at nearly $990.65 million, with the company having a current market cap of $2.20 billion.
• Power Solutions International reported $2.23 EPS for the last quarter, alongside a robust net margin of 18.56% and a return on equity of 136.57%.

Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) major shareholder America Corp. Weichai sold 79,839 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $93.46, for a total value of $7,461,752.94. Following the completion of the transaction, the insider owned 10,599,759 shares in the company, valued at approximately $990,653,476.14. The trade was a 0.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

America Corp. Weichai also recently made the following trade(s):

• On Tuesday, August 19th, America Corp. Weichai sold 79,670 shares of Power Solutions International stock. The shares were sold at an average price of $81.08, for a total value of $6,459,643.60.

Power Solutions International Trading Up 3.6%

NASDAQ:PSIX traded up $3.78 during mid-day trading on Friday, reaching $109.98. 982,969 shares of the company's stock traded hands, compared to its average volume of 651,103. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 21.94 and a beta of 1.58. Power Solutions International, Inc. has a 12-month low of $15.30 and a 12-month high of $121.78. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.26 and a quick ratio of 0.65. The company has a 50 day moving average price of $88.80 and a 200-day moving average price of $55.90.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $2.23 EPS 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

Several hedge funds have recently modified their holdings of the stock. Wolff Wiese Magana LLC purchased a new stake in shares of Power Solutions International in the 2nd quarter valued at approximately $26,000. California State Teachers Retirement System purchased a new stake in shares of Power Solutions International in the second quarter valued at about $26,000. Vestcor Inc purchased a new stake in Power Solutions International during the first quarter worth about $29,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Power Solutions International in the second quarter valued at about $43,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Power Solutions International in the second quarter valued at approximately $52,000. 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.