Shares of Power Solutions International Inc (NASDAQ:PSIX - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $27.45, but opened at $26.05. Power Solutions International shares last traded at $25.57, with a volume of 55,402 shares trading hands.
Power Solutions International Stock Up 1.4 %
The firm has a market capitalization of $675.97 million, a price-to-earnings ratio of 12.45 and a beta of 1.04. The stock has a 50 day moving average of $35.64.
Insider Activity at Power Solutions International
In other Power Solutions International news, major shareholder Gary S. Winemaster sold 15,181 shares of the company'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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 50,625 shares of company stock valued at $1,683,476. 0.60% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. Gagnon Securities LLC acquired a new stake in Power Solutions International during the fourth quarter worth about $25,292,000. Gagnon Advisors LLC acquired a new stake in shares of Power Solutions International during the 4th quarter worth approximately $13,987,000. Portolan Capital Management LLC acquired a new stake in shares of Power Solutions International during the 4th quarter worth approximately $10,153,000. S Squared Technology LLC purchased a new stake in shares of Power Solutions International during the 4th quarter valued at approximately $8,718,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in Power Solutions International in the fourth quarter valued at approximately $2,168,000. Institutional investors and hedge funds own 22.28% of the company's stock.
About Power Solutions International
(
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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