Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $59.37, but opened at $62.34. Power Solutions International shares last traded at $58.34, with a volume of 207,308 shares traded.
Wall Street Analyst Weigh In
Separately, Craig Hallum restated a "buy" rating on shares of Power Solutions International in a research note on Tuesday, March 25th.
Get Our Latest Report on PSIX
Power Solutions International Trading Up 2.0%
The company has a 50-day moving average of $36.66. The firm has a market cap of $1.40 billion, a PE ratio of 17.24 and a beta of 1.26. The company has a current ratio of 1.16, a quick ratio of 0.67 and a debt-to-equity ratio of 0.01.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter. Power Solutions International had a return on equity of 141.76% and a net margin of 15.74%. The business had revenue of $135.45 million during the quarter.
Insider Activity
In other Power Solutions International news, major shareholder Gary S. Winemaster sold 2,000 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $23.27, for a total transaction of $46,540.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.96% of the company's stock.
Hedge Funds Weigh In On Power Solutions International
Several hedge funds and other institutional investors have recently made changes to their positions in PSIX. Acadian Asset Management LLC bought a new position in Power Solutions International in the first quarter valued at approximately $112,000. Goldman Sachs Group Inc. bought a new stake in Power Solutions International during the first quarter worth $625,000. Corsair Capital Management L.P. boosted its holdings in shares of Power Solutions International by 129.8% in the 1st quarter. Corsair Capital Management L.P. now owns 36,767 shares of the company's stock valued at $929,000 after purchasing 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 $222,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Power Solutions International during the 1st quarter worth $205,000. 22.28% of the stock is currently owned by institutional investors and hedge funds.
Power Solutions International Company Profile
(
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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