Marshall Wace LLP Purchases New Holdings in Power Solutions International Inc (NASDAQ:PSIX)

Marshall Wace LLP acquired a new position in 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 fund acquired 71,588 shares of the company's stock, valued at approximately $2,130,000. Marshall Wace LLP owned about 0.31% of Power Solutions International at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Wells Fargo & Company MN bought a new stake in shares of Power Solutions International during the fourth quarter worth $33,000. Heck Capital Advisors LLC bought a new stake in Power Solutions International during the 4th quarter worth about $94,000. Spire Wealth Management acquired a new position in Power Solutions International during the 4th quarter valued at about $96,000. Astoria Portfolio Advisors LLC. bought a new position in shares of Power Solutions International in the 4th quarter valued at about $216,000. Finally, Evernest Financial Advisors LLC acquired a new stake in shares of Power Solutions International during the 4th quarter worth approximately $223,000. Institutional investors and hedge funds own 22.28% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Activity at Power Solutions International

In other Power Solutions International news, major shareholder Gary S. Winemaster sold 2,000 shares of the stock in a transaction on Friday, April 11th. The shares were sold at an average price of $23.27, for a total value of $46,540.00. Following the sale, the insider now directly owns 2,944,281 shares in the company, valued at approximately $68,513,418.87. This trade represents a 0.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.60% of the company's stock.

Power Solutions International Price Performance

NASDAQ:PSIX opened at $27.04 on Monday. Power Solutions International Inc has a 12-month low of $2.00 and a 12-month high of $45.74. The business has a fifty day moving average of $27.58. The company has a market cap of $622.14 million, a price-to-earnings ratio of 11.46 and a beta of 0.80.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last issued its earnings results on Monday, March 24th. The company reported $1.03 earnings per share (EPS) for the quarter. The firm 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%.

Power Solutions International Company Profile

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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