Power Solutions International Inc (NASDAQ:PSIX - Get Free Report) shares were down 4.5% on Monday . The company traded as low as $40.01 and last traded at $40.45. Approximately 47,909 shares traded hands during trading, a decline of 85% from the average daily volume of 325,269 shares. The stock had previously closed at $42.37.
Analysts Set New Price Targets
Separately, Craig Hallum restated a "buy" rating on shares of Power Solutions International in a research report on Tuesday, March 25th.
Read Our Latest Report on Power Solutions International
Power Solutions International Price Performance
The company has a market cap of $1.09 billion, a price-to-earnings ratio of 20.12 and a beta of 1.09. The stock's fifty day simple moving average is $29.86.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.83 EPS for the quarter. Power Solutions International had a return on equity of 293.35% and a net margin of 12.46%. The firm had revenue of $135.45 million for the quarter.
Insider Transactions at Power Solutions International
In other news, major shareholder Gary S. Winemaster sold 2,000 shares of the business's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $23.27, for a total value of $46,540.00. Following the transaction, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.60% of the company's stock.
Institutional Investors Weigh In On Power Solutions International
Several large investors have recently added to or reduced their stakes in PSIX. Acadian Asset Management LLC acquired a new position in Power Solutions International in the first quarter valued at approximately $112,000. Goldman Sachs Group Inc. acquired a new stake in Power Solutions International in the first quarter worth $625,000. Corsair Capital Management L.P. increased its stake in Power Solutions International by 129.8% in the first 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 during the 1st quarter worth about $222,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Power Solutions International in the 1st quarter valued at about $205,000. Institutional investors and hedge funds own 22.28% of the company's stock.
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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