Power Solutions International (NASDAQ:PSIX) Stock Price Down 5.6% – Should You Sell?

Power Solutions International Inc (NASDAQ:PSIX) shares traded down 5.6% during mid-day trading on Thursday . The company traded as low as $32.50 and last traded at $32.59. 155,392 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 307,688 shares. The stock had previously closed at $34.52.

Power Solutions International Stock Performance

The stock has a fifty day moving average price of $35.67. The stock has a market capitalization of $741.29 million, a price-to-earnings ratio of 13.66 and a beta of 1.04.

Insiders Place Their Bets

In other news, major shareholder Gary S. Winemaster sold 17,461 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $26.26, for a total value of $458,525.86. Following the completion of the sale, the insider now owns 3,053,551 shares of the company’s stock, valued at approximately $80,186,249.26. This represents a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 50,625 shares of company stock valued at $1,683,476 in the last 90 days. Corporate insiders own 0.60% of the company’s stock.

Institutional Investors Weigh In On Power Solutions International

Several institutional investors and hedge funds have recently made changes to their positions in PSIX. Gagnon Securities LLC bought a new stake in shares of Power Solutions International during the 4th quarter valued at about $25,292,000. Gagnon Advisors LLC bought a new stake in shares of Power Solutions International during the 4th quarter valued at about $13,987,000. Portolan Capital Management LLC bought a new stake in shares of Power Solutions International during the 4th quarter valued at about $10,153,000. S Squared Technology LLC bought a new stake in shares of Power Solutions International during the 4th quarter valued at about $8,718,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Power Solutions International during the 4th quarter valued at about $2,168,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

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.