Power Solutions International Inc (NASDAQ:PSIX - Get Free Report)'s share price was down 7.6% during trading on Thursday . The company traded as low as $28.07 and last traded at $28.74. Approximately 29,182 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 322,970 shares. The stock had previously closed at $31.10.
Power Solutions International Stock Up 1.9 %
The stock has a 50 day moving average of $35.83. The company has a market capitalization of $631.35 million, a price-to-earnings ratio of 11.63 and a beta of 1.04.
Insider Transactions at Power Solutions International
In other news, major shareholder Gary S. Winemaster sold 15,181 shares of Power Solutions International stock in a transaction that occurred 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 sale, the insider now directly owns 2,999,102 shares in the company, valued at approximately $111,116,729.10. This trade represents a 0.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 50,625 shares of company stock worth $1,683,476. 0.60% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Power Solutions International
A number of large investors have recently made changes to their positions in the business. Gagnon Securities LLC bought a new stake in shares of Power Solutions International in the 4th quarter worth approximately $25,292,000. Gagnon Advisors LLC bought a new stake in shares of Power Solutions International during the fourth quarter valued at approximately $13,987,000. Portolan Capital Management LLC bought a new stake in shares of Power Solutions International during the fourth quarter valued at approximately $10,153,000. S Squared Technology LLC bought a new stake in shares of Power Solutions International during the fourth quarter valued at approximately $8,718,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Power Solutions International during the fourth quarter valued at approximately $2,168,000. 22.28% of the stock is currently owned by institutional investors.
Power Solutions International Company Profile
(
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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