S Squared Technology LLC Takes $8.72 Million Position in Power Solutions International Inc (NASDAQ:PSIX)

S Squared Technology LLC bought a new position in Power Solutions International Inc (NASDAQ:PSIX - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 293,034 shares of the company's stock, valued at approximately $8,718,000. Power Solutions International comprises approximately 3.6% of S Squared Technology LLC's portfolio, making the stock its 14th biggest position. S Squared Technology LLC owned about 1.27% of Power Solutions International as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PSIX. Gagnon Securities LLC purchased a new position in shares of Power Solutions International during the 4th quarter worth approximately $25,292,000. Gagnon Advisors LLC acquired a new stake in Power Solutions International during the fourth quarter worth approximately $13,987,000. Portolan Capital Management LLC purchased a new position in shares of Power Solutions International during the fourth quarter worth about $10,153,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Power Solutions International in the 4th quarter valued at about $2,168,000. Finally, Marshall Wace LLP purchased a new position in shares of Power Solutions International during the fourth quarter worth approximately $2,130,000. Institutional investors and hedge funds own 22.28% of the company's stock.

Power Solutions International Stock Performance

PSIX stock traded up $0.51 on Tuesday, reaching $21.98. 146,183 shares of the company's stock were exchanged, compared to its average volume of 331,882. The company has a fifty day moving average of $28.68. The company has a market cap of $505.72 million, a price-to-earnings ratio of 9.31 and a beta of 0.80. Power Solutions International Inc has a twelve month low of $2.00 and a twelve month high of $45.74.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last posted its earnings results on Monday, March 24th. The company reported $1.03 EPS for the quarter. The company had revenue of $144.30 million for the quarter. Power Solutions International had a return on equity of 293.35% and a net margin of 12.46%.

Insider Buying and Selling

In other news, major shareholder Gary S. Winemaster sold 2,000 shares of the business's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $23.27, for a total value of $46,540.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.60% of the company's stock.

Analysts Set New Price Targets

Separately, Craig Hallum reaffirmed a "buy" rating on shares of Power Solutions International in a research note on Tuesday, March 25th.

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.