Power Solutions International Inc (NASDAQ:PSIX) Major Shareholder Gary S. Winemaster Sells 2,000 Shares

Power Solutions International Inc (NASDAQ:PSIX) major shareholder Gary S. Winemaster sold 2,000 shares of Power Solutions International stock in a transaction on Friday, April 11th. The shares were sold at an average price of $23.27, for a total value of $46,540.00. Following the sale, the insider now directly owns 2,944,281 shares of the company’s stock, valued at approximately $68,513,418.87. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Power Solutions International Price Performance

NASDAQ PSIX opened at $24.51 on Friday. The firm has a market capitalization of $563.93 million, a PE ratio of 10.39 and a beta of 0.80. Power Solutions International Inc has a 12-month low of $2.00 and a 12-month high of $45.74. The company has a 50 day simple moving average of $29.37.

Power Solutions International (NASDAQ:PSIX) last released its quarterly earnings data on Monday, March 24th. The company reported $1.03 earnings per share (EPS) for the quarter. The business had revenue of $144.30 million during the quarter. Power Solutions International had a net margin of 12.46% and a return on equity of 293.35%.

Institutional Trading of Power Solutions International

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Gagnon Advisors LLC acquired a new position in shares of Power Solutions International during the 4th quarter valued at about $13,987,000. World Equity Group Inc. acquired a new position in Power Solutions International during the fourth quarter valued at approximately $529,000. Gagnon Securities LLC bought a new position in shares of Power Solutions International in the fourth quarter valued at approximately $25,292,000. Evernest Financial Advisors LLC acquired a new stake in shares of Power Solutions International in the fourth quarter worth $223,000. Finally, Thompson Davis & CO. Inc. bought a new stake in shares of Power Solutions International during the 4th quarter worth $251,000. Institutional investors and hedge funds own 22.28% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Craig Hallum reiterated a “buy” rating on shares of Power Solutions International in a report on Tuesday, March 25th.

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.