Thompson Davis & CO. Inc. purchased a new stake in shares of Power Solutions International Inc (NASDAQ:PSIX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 8,450 shares of the company's stock, valued at approximately $251,000.
A number of other large investors have also added to or reduced their stakes in the company. Gagnon Advisors LLC purchased a new position in shares of Power Solutions International in the fourth quarter valued at $13,987,000. Gagnon Securities LLC bought a new position in Power Solutions International during the fourth quarter valued at $25,292,000. Evernest Financial Advisors LLC purchased a new position in shares of Power Solutions International in the 4th quarter worth $223,000. Astoria Portfolio Advisors LLC. bought a new stake in shares of Power Solutions International in the 4th quarter worth about $216,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Power Solutions International in the 4th quarter worth about $94,000. Institutional investors own 22.28% of the company's stock.
Power Solutions International Stock Up 12.4 %
Shares of NASDAQ:PSIX traded up $3.78 during trading on Wednesday, reaching $34.21. The company's stock had a trading volume of 235,548 shares, compared to its average volume of 344,129. The stock has a market cap of $786.83 million, a PE ratio of 14.50 and a beta of 1.03. Power Solutions International Inc has a 12 month low of $1.89 and a 12 month high of $45.74. The company's 50 day moving average price is $36.80.
Insider Buying and Selling at Power Solutions International
In related news, major shareholder Gary S. Winemaster sold 15,181 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $37.05, for a total transaction of $562,456.05. Following the sale, the insider now owns 2,999,102 shares in the company, valued at approximately $111,116,729.10. This represents a 0.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 50,625 shares of company stock worth $1,683,476 over the last ninety days. Company insiders own 0.60% of the company's stock.
Power Solutions International Company Profile
(
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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