Power Solutions International (NASDAQ:PSIX) Shares Up 4.9% - Here's What Happened

Key Points

• Power Solutions International's stock price increased by 4.9%, reaching a high of $85.97 before closing at $85.09, despite trading volume falling 56% from the average.
• The company reported earnings of $2.23 per share with a net margin of 18.56% and a return on equity of 136.57% for the most recent quarter, indicating strong financial performance.
• Insider trading activity included the sale of 18,000 shares by key executives, representing significant decreases in their ownership, raising questions about future stock motivations.

Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report)'s share price shot up 4.9% during trading on Wednesday . The stock traded as high as $85.97 and last traded at $85.09. 201,600 shares were traded during trading, a decline of 56% from the average session volume of 456,121 shares. The stock had previously closed at $81.09.

Power Solutions International Stock Performance

The company has a market capitalization of $1.94 billion, a PE ratio of 17.49 and a beta of 1.58. The firm has a 50-day moving average of $82.25 and a two-hundred day moving average of $50.58. The company has a quick ratio of 0.65, a current ratio of 1.26 and a debt-to-equity ratio of 0.01.

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

Insider Buying and Selling

In other news, Director Frank P. Simpkins sold 10,000 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $91.64, for a total value of $916,400.00. Following the completion of the transaction, the director owned 25,000 shares of the company's stock, valued at approximately $2,291,000. This trade represents a 28.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Xun Li sold 8,000 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $92.36, for a total transaction of $738,880.00. Following the sale, the chief financial officer owned 221 shares in the company, valued at approximately $20,411.56. This trade represents a 97.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,175 shares of company stock valued at $11,307,078. 0.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Power Solutions International

A number of large investors have recently modified their holdings of PSIX. Thompson Davis & CO. Inc. purchased a new stake in Power Solutions International during the 2nd quarter worth about $1,329,000. State of Wyoming purchased a new stake in Power Solutions International during the second quarter worth approximately $279,000. MML Investors Services LLC boosted its holdings in Power Solutions International by 42.5% in the second quarter. MML Investors Services LLC now owns 30,033 shares of the company's stock valued at $1,943,000 after purchasing an additional 8,952 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Power Solutions International in the second quarter valued at approximately $2,968,000. Finally, Great Valley Advisor Group Inc. acquired a new stake in Power Solutions International during the second quarter worth approximately $209,000. 22.28% of the stock is owned by hedge funds and other 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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