Portolan Capital Management LLC Acquires Shares of 341,287 Power Solutions International Inc (NASDAQ:PSIX)

Portolan Capital Management LLC acquired a new stake in shares of Power Solutions International Inc (NASDAQ:PSIX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 341,287 shares of the company's stock, valued at approximately $10,153,000. Portolan Capital Management LLC owned about 1.48% of Power Solutions International at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Astoria Portfolio Advisors LLC. purchased a new position in Power Solutions International in the 4th quarter worth approximately $216,000. Evernest Financial Advisors LLC purchased a new position in shares of Power Solutions International in the fourth quarter worth $223,000. Heck Capital Advisors LLC bought a new stake in Power Solutions International during the 4th quarter valued at $94,000. Gagnon Securities LLC purchased a new stake in Power Solutions International during the 4th quarter valued at $25,292,000. Finally, Gagnon Advisors LLC bought a new stake in Power Solutions International in the 4th quarter worth $13,987,000. Hedge funds and other institutional investors own 22.28% of the company's stock.

Analyst Upgrades and Downgrades

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

Power Solutions International Stock Performance

NASDAQ PSIX traded up $0.13 on Friday, hitting $24.51. The company's stock had a trading volume of 111,997 shares, compared to its average volume of 334,930. Power Solutions International Inc has a 52-week low of $2.00 and a 52-week high of $45.74. The firm has a market capitalization of $563.93 million, a price-to-earnings ratio of 10.39 and a beta of 0.80. The firm's 50-day simple moving average is $29.03.

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. Power Solutions International had a net margin of 12.46% and a return on equity of 293.35%. The business had revenue of $144.30 million for the quarter.

Insider Activity at Power Solutions International

In related news, major shareholder Gary S. Winemaster sold 17,983 shares of Power Solutions International stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $36.84, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by corporate insiders.

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.