Power Solutions International Inc (NASDAQ:PSIX - Get Free Report) major shareholder Gary S. Winemaster sold 15,181 shares of the business's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $37.05, for a total value of $562,456.05. Following the completion of the sale, the insider now directly owns 2,999,102 shares in the company, valued at $111,116,729.10. This represents a 0.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
Power Solutions International Price Performance
Shares of NASDAQ PSIX traded down $0.92 during midday trading on Friday, reaching $35.05. The company's stock had a trading volume of 163,564 shares, compared to its average volume of 305,569. The company has a market capitalization of $806.15 million, a P/E ratio of 14.85 and a beta of 0.99. Power Solutions International Inc has a one year low of $1.70 and a one year high of $38.87.
Institutional Investors Weigh In On Power Solutions International
An institutional investor recently bought a new position in Power Solutions International stock. Astoria Portfolio Advisors LLC. acquired a new position in shares of Power Solutions International Inc (NASDAQ:PSIX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,277 shares of the company's stock, valued at approximately $216,000. 22.28% of the stock is currently owned by hedge funds and other institutional investors.
About Power Solutions International
(
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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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