Gagnon Advisors LLC purchased a new position in shares of Power Solutions International Inc (NASDAQ:PSIX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 470,165 shares of the company's stock, valued at approximately $13,987,000. Power Solutions International makes up approximately 9.0% of Gagnon Advisors LLC's holdings, making the stock its 2nd biggest holding. Gagnon Advisors LLC owned 2.04% of Power Solutions International at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of PSIX. Astoria Portfolio Advisors LLC. purchased a new position in shares of Power Solutions International in the 4th quarter worth approximately $216,000. Evernest Financial Advisors LLC purchased a new position in Power Solutions International in the fourth quarter worth $223,000. Heck Capital Advisors LLC bought a new position in Power Solutions International in the 4th quarter valued at $94,000. Finally, Gagnon Securities LLC bought a new position in Power Solutions International in the 4th quarter valued at $25,292,000. 22.28% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Power Solutions International news, major shareholder Gary S. Winemaster sold 17,983 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $36.84, for a total value of $662,493.72. Following the sale, the insider now directly owns 2,981,119 shares in the company, valued at $109,824,423.96. The trade was a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 50,625 shares of company stock worth $1,683,476. Insiders own 0.60% of the company's stock.
Power Solutions International Price Performance
Shares of NASDAQ PSIX traded up $1.99 during mid-day trading on Wednesday, reaching $43.76. 351,448 shares of the company's stock were exchanged, compared to its average volume of 385,384. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 18.54 and a beta of 1.03. Power Solutions International Inc has a 52 week low of $1.89 and a 52 week high of $45.74.
Power Solutions International 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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