Power Solutions International (NASDAQ:PSIX) Trading Down 5.8% - Here's Why

Key Points

• Shares of Power Solutions International (NASDAQ:PSIX) fell by 5.8%, trading as low as $103.00, with a significant decrease in trading volume of 55% compared to its average.
• The company reported $2.23 EPS for the quarter, achieving a net margin of 18.56% and a return on equity of 136.57% on revenue of $191.91 million.
• Insiders sold a substantial amount of shares recently, including CEO Constantine Xykis, who reduced his position by 76.80%, highlighting potential concerns regarding the stock's future.

Shares of Power Solutions International, Inc. (NASDAQ:PSIX - Get Free Report) dropped 5.8% on Friday . The company traded as low as $103.00 and last traded at $103.26. Approximately 214,929 shares traded hands during trading, a decline of 55% from the average daily volume of 476,957 shares. The stock had previously closed at $109.59.

Power Solutions International Stock Performance

The business's fifty day moving average price is $91.48 and its 200-day moving average price is $58.23. 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 market capitalization of $2.39 billion, a PE ratio of 21.56 and a beta of 1.58.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $191.91 million during the quarter.

Insiders Place Their Bets

In related news, Director Hong He sold 2,500 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $90.03, for a total transaction of $225,075.00. Following the transaction, the director owned 26,250 shares of the company's stock, valued at approximately $2,363,287.50. This trade represents a 8.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Constantine Xykis sold 26,005 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $95.85, for a total value of $2,492,579.25. Following the completion of the sale, the chief executive officer directly owned 7,854 shares of the company's stock, valued at approximately $752,805.90. This trade represents a 76.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 211,014 shares of company stock valued at $18,768,831 over the last 90 days. Company insiders own 0.96% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PSIX. Wolff Wiese Magana LLC purchased a new stake in shares of Power Solutions International in the 2nd quarter worth about $26,000. California State Teachers Retirement System bought a new stake in Power Solutions International during the 2nd quarter valued at approximately $26,000. Vestcor Inc purchased a new position in shares of Power Solutions International during the 1st quarter worth approximately $29,000. Ameritas Investment Partners Inc. purchased a new position in shares of Power Solutions International during the 2nd quarter worth approximately $43,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Power Solutions International in the 2nd quarter worth approximately $52,000. 22.28% of the stock is owned by hedge funds and other institutional investors.

About Power Solutions International

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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