Power Solutions International Inc (NASDAQ:PSIX - Get Free Report) major shareholder Gary S. Winemaster sold 2,000 shares of Power Solutions International stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $23.27, for a total value of $46,540.00. Following the sale, the insider now owns 2,944,281 shares of the company's stock, valued at approximately $68,513,418.87. This represents a 0.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Power Solutions International Trading Up 0.5 %
NASDAQ:PSIX traded up $0.13 on Friday, reaching $24.51. The stock had a trading volume of 111,997 shares, compared to its average volume of 334,930. The stock's 50-day moving average price is $29.03. The company has a market cap 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.
Power Solutions International (NASDAQ:PSIX - Get Free Report) last released its earnings results on Monday, March 24th. The company reported $1.03 earnings per share for the quarter. The company 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%.
Analysts Set New Price Targets
Separately, Craig Hallum reiterated a "buy" rating on shares of Power Solutions International in a report on Tuesday, March 25th.
Check Out Our Latest Report on Power Solutions International
Institutional Investors Weigh In On Power Solutions International
Institutional investors and hedge funds have recently bought and sold shares of the business. Gagnon Advisors LLC acquired a new stake in Power Solutions International in the fourth quarter worth $13,987,000. World Equity Group Inc. acquired a new position in Power Solutions International during the fourth quarter worth about $529,000. Gagnon Securities LLC acquired a new stake in Power Solutions International in the 4th quarter valued at about $25,292,000. Evernest Financial Advisors LLC acquired a new position in shares of Power Solutions International in the 4th quarter worth approximately $223,000. Finally, Thompson Davis & CO. Inc. acquired a new position in Power Solutions International in the fourth quarter worth approximately $251,000. Institutional investors and hedge funds own 22.28% of the company's stock.
About Power Solutions International
(
Get 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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