Gagnon Securities LLC purchased a new stake in shares of Power Solutions International Inc (NASDAQ:PSIX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 850,146 shares of the company's stock, valued at approximately $25,292,000. Power Solutions International comprises approximately 5.1% of Gagnon Securities LLC's investment portfolio, making the stock its 6th largest holding. Gagnon Securities LLC owned 3.70% of Power Solutions International as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Evernest Financial Advisors LLC acquired a new stake in Power Solutions International in the 4th quarter valued at $223,000. Astoria Portfolio Advisors LLC. bought a new position in shares of Power Solutions International in the fourth quarter valued at approximately $216,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Power Solutions International in the 4th quarter worth approximately $94,000. Institutional investors own 22.28% of the company's stock.
Insider Activity
In other news, major shareholder Gary S. Winemaster sold 15,181 shares of Power Solutions International stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $37.05, for a total transaction of $562,456.05. Following the transaction, the insider now directly owns 2,999,102 shares of the company's stock, valued at $111,116,729.10. This trade represents a 0.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 50,625 shares of company stock valued at $1,683,476 over the last three months. 0.60% of the stock is owned by insiders.
Power Solutions International Stock Up 4.8 %
Shares of Power Solutions International stock traded up $1.99 during trading on Wednesday, reaching $43.76. The company's stock had a trading volume of 351,448 shares, 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 one year low of $1.89 and a one year high of $45.74.
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.
Further Reading
Before you consider Power Solutions International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Power Solutions International wasn't on the list.
While Power Solutions International currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for February 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
