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

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 firm's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $93.46, for a total transaction of $7,461,752.94. Following the completion of the sale, the insider directly owned 10,599,759 shares in the company, valued at $990,653,476.14. This represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions 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 transaction of $6,459,643.60.

Power Solutions International Price Performance

NASDAQ PSIX traded up $1.07 on Monday, reaching $95.48. 697,293 shares of the company's stock traded hands, compared to its average volume of 469,278. 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 stock has a 50-day simple moving average of $85.51 and a 200 day simple moving average of $53.76. The stock has a market cap of $2.20 billion, a PE ratio of 19.85 and a beta of 1.58.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wolff Wiese Magana LLC bought a new position in Power Solutions International during the second quarter valued at approximately $26,000. California State Teachers Retirement System bought a new position in shares of Power Solutions International in the second quarter worth approximately $26,000. Ameritas Investment Partners Inc. bought a new position in shares of Power Solutions International in the second quarter worth approximately $43,000. Farther Finance Advisors LLC grew its holdings in shares of Power Solutions International by 88.0% in the second quarter. Farther Finance Advisors LLC now owns 1,651 shares of the company's stock worth $107,000 after purchasing an additional 773 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Power Solutions International in the second quarter worth approximately $52,000. 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.

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