Power Solutions International (NASDAQ:PSIX - Get Free Report)'s stock had its "buy (b)" rating reiterated by research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.
Power Solutions International Trading Up 4.2%
Shares of PSIX opened at $87.91 on Wednesday. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 18.28 and a beta of 1.53. Power Solutions International has a 52-week low of $15.30 and a 52-week high of $121.78. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.65 and a current ratio of 1.26. The business's fifty day moving average is $92.37 and its 200-day moving average is $62.12.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $2.23 earnings per share for the quarter. The business had revenue of $191.91 million for the quarter. Power Solutions International had a return on equity of 136.57% and a net margin of 18.56%.
Insider Activity
In other Power Solutions International news, major shareholder America Corp. Weichai sold 79,839 shares of Power Solutions International stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $93.46, for a total transaction of $7,461,752.94. Following the transaction, the insider directly owned 10,599,759 shares of the company's stock, valued at approximately $990,653,476.14. The trade was a 0.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank P. Simpkins sold 10,000 shares of Power Solutions International stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $91.64, for a total value of $916,400.00. Following the transaction, the director directly owned 25,000 shares in the company, valued at $2,291,000. The trade was a 28.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 211,014 shares of company stock worth $18,768,831. 0.96% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of PSIX. Wolff Wiese Magana LLC acquired a new position in Power Solutions International during the 2nd quarter worth about $26,000. California State Teachers Retirement System acquired a new position in Power Solutions International during the 2nd quarter worth about $26,000. Vestcor Inc acquired a new position in Power Solutions International during the 1st quarter worth about $29,000. Ameritas Investment Partners Inc. acquired a new position in shares of Power Solutions International in the 2nd quarter valued at about $43,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Power Solutions International in the 2nd quarter valued at about $52,000. 22.28% of the stock is 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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