Perritt Capital Management Inc Invests $446,000 in Power Solutions International Inc (NASDAQ:PSIX)

Perritt Capital Management Inc purchased a new stake in Power Solutions International Inc (NASDAQ:PSIX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,000 shares of the company's stock, valued at approximately $446,000. Perritt Capital Management Inc owned approximately 0.07% of Power Solutions International as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. O Shaughnessy Asset Management LLC bought a new stake in shares of Power Solutions International during the 4th quarter worth $2,168,000. World Equity Group Inc. bought a new position in shares of Power Solutions International in the fourth quarter worth about $529,000. Thompson Davis & CO. Inc. acquired a new stake in shares of Power Solutions International in the 4th quarter valued at approximately $251,000. Spire Wealth Management acquired a new stake in shares of Power Solutions International in the 4th quarter valued at approximately $96,000. Finally, Gagnon Advisors LLC bought a new stake in shares of Power Solutions International during the 4th quarter valued at approximately $13,987,000. 22.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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Power Solutions International Stock Down 1.5 %

PSIX stock traded down $0.30 during midday trading on Monday, reaching $20.00. 271,524 shares of the stock were exchanged, compared to its average volume of 333,966. Power Solutions International Inc has a 52 week low of $2.00 and a 52 week high of $45.74. The firm has a fifty day moving average of $33.47. The company has a market cap of $460.16 million, a PE ratio of 8.47 and a beta of 0.80.

Power Solutions International (NASDAQ:PSIX - Get Free Report) last released its quarterly 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 for the quarter. Power Solutions International had a return on equity of 293.35% and a net margin of 12.46%.

Insider Buying and Selling at Power Solutions International

In related news, major shareholder Gary S. Winemaster sold 15,181 shares of the business's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $37.05, for a total value of $562,456.05. Following the sale, the insider now owns 2,999,102 shares of the company's stock, valued at $111,116,729.10. The trade was 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 the SEC website. Corporate insiders own 0.60% of the company's stock.

About Power Solutions International

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.