Power Solutions International Inc (NASDAQ:PSIX - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $47.90, but opened at $49.26. Power Solutions International shares last traded at $48.80, with a volume of 62,858 shares.
Wall Street Analysts Forecast Growth
Separately, Craig Hallum restated a "buy" rating on shares of Power Solutions International in a research note on Tuesday, March 25th.
Get Our Latest Analysis on Power Solutions International
Power Solutions International Price Performance
The firm has a market capitalization of $1.15 billion, a P/E ratio of 21.14 and a beta of 1.26. The business has a fifty day moving average of $31.27.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.83 EPS for the quarter. The business had revenue of $135.45 million during the quarter. Power Solutions International had a net margin of 12.46% and a return on equity of 293.35%.
Insider Activity at Power Solutions International
In other Power Solutions International news, major shareholder Gary S. Winemaster sold 2,000 shares of Power Solutions International stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $23.27, for a total value of $46,540.00. Following the sale, the insider now owns 2,944,281 shares of the company's stock, valued at $68,513,418.87. The trade was a 0.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.60% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of PSIX. Acadian Asset Management LLC purchased a new stake in Power Solutions International during the first quarter valued at $112,000. Goldman Sachs Group Inc. bought a new stake in shares of Power Solutions International in the 1st quarter worth about $625,000. Corsair Capital Management L.P. raised its position in shares of Power Solutions International by 129.8% during the 1st quarter. Corsair Capital Management L.P. now owns 36,767 shares of the company's stock valued at $929,000 after buying an additional 20,767 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Power Solutions International in the 1st quarter valued at about $222,000. Finally, EntryPoint Capital LLC purchased a new position in Power Solutions International in the first quarter worth about $205,000. 22.28% of the stock is owned by hedge funds and other institutional investors.
About Power Solutions International
(
Get Free Report)
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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